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Polimec, a decentralized and community-driven funding parachain, has officially announced its launch on Polkadot, ushering in a new era of community-funded projects on Polkadot.
Polimec aims to provide a transparent way for projects and teams to raise funds and issue tokens, while maintaining regulatory compliance throughout the process.
Polimec launches Polkadot
The launch of Polimec on Polkadot ushers in a new era of decentralized funding, prioritized access, community engagement, and compliance. Parachain is already working on its first project called Apillon, an infrastructure solution for Web3 developers. Apillon aims to empower developers in the Polkadot ecosystem by providing decentralized services such as file storage and hosting services.
Polimec's first evaluation round will allow investors to evaluate the project and decide whether to move to a financing round. Polimec already has a growing list of projects, including Mandala Chain, Gotem, and Impact Scope. To participate in the evaluation round, interested users must hold Deloitte-based KYC credentials that grant access to the data room. Here, users can review funding details and bond Polimec (PLMC) tokens to the projects they want to evaluate.
Bonding PLMC tokens allows users to demonstrate interest in the project. Once the project reaches 10% of its goal, it progresses to the next round. All bonded tokens are locked until the funding round is canceled or completed. Projects on Polimec can undertake single or multiple funding rounds, and protocol governance is determined by PMLC token holders. Any PMLC token holder can submit a proposal.
Strengthening capabilities for emerging Web3 projects
Polimec powers Polkadot's emerging Web3 projects to achieve their funding goals, significantly increasing the likelihood of developing impactful blockchain solutions, and driving adoption by solving real-world problems. The protocol allows projects to raise funds from a diverse investor base and oversees funding, issuance, distribution, and token conversion on the mainnet. It also promotes community growth by reducing the information gap between publishers and participants.
Polimec allows projects in the Polkadot ecosystem to maximize their investor reach and meet their funding potential. Our commitment to decentralization and compliance ensures a secure and transparent funding environment that helps us develop innovative Web3 solutions that solve real-world problems and expand the adoption of blockchain technology.
The launch of Polimec is a significant step forward in decentralized financing. It provides a reliable and compliant way to secure funding and resources for your projects. Thanks to its powerful framework, Polimec has become a cornerstone of the Web3 funding landscape, enabling investors to connect to groundbreaking projects.
Disclaimer: This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.
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