The aim of the decentralized finance protocol that Polimec is introducing is to usher in a new phase of community-funded Polkadot initiatives. Teams can transparently issue tokens and raise funds using the protocol, while still adhering to regulatory requirements.
The infrastructure solution for web3 developers, Apillon, is the first project offered on Polimec. Investors now have the opportunity to evaluate projects and choose which projects should advance to the financing round with the opening of Polimec’s first evaluation round. Gotem, ImpactScope and Mandala Chain are some of the other initiatives that Polimec will use to raise money.
Polimec connects investors and businesses around the world by providing a regulatory compliant environment while maintaining the decentralization essential to web3. Users wishing to participate in a project on Polimec must receive a Deloitte KYC credential, which, if accepted, provides access to funding data, project evaluations and participation in funding rounds.
With Polimec, projects can go through one or more financing rounds and investors can participate in rounds that match their wishes. The PLMC holders, a technical committee and an on-chain council decide on protocol management. Any PLMC holder can make a proposal, and if it receives the necessary support, it will be put to a vote by token holders.
Polimec gives upcoming web3 projects that focus on the Polkadot ecosystem the opportunity to achieve their financial goals. By addressing practical problems, this increases their chances of creating breakthrough blockchain solutions and increasing adoption. Polimec simultaneously provides access to initiatives aimed at transparent and compliant financing for web3 investors of all stripes.
The Polkadot community will have the opportunity to see the future of web3 fundraising during the first rounds of evaluation and funding on Polimec, and to evaluate some of the most cutting-edge projects currently seeking funding to bring their ideas to life .