Decentralized Funding Protocol Polimec Launches on Polkadot

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Decentralized Funding Protocol Polimec Launches on Polkadot


Polimec, a decentralized and community-driven financing protocol designed to transform the way Web3 projects raise capital and issue tokens, has officially launched on polkadot.

Polimec offers a transparent, regulatory-compliant environment that connects investors and start-ups on a global scale.

Community-Focused Web3 Fundraising


According to the statement shared with CryptoPotatoPolimec represents a significant advancement in Web3 fundraising participation. The platform is driving the future of decentralized startups by allowing community members to evaluate and support innovative projects.

“Polimec provides emerging web3 projects focused on the Polkadot ecosystem the opportunity to reach their funding goals,” the statement said. “This will maximize the prospects of developing transformative blockchain solutions and increasing adoption by solving real-world problems.”

Polimec maintains the foundation of decentralized management for Web3 while ensuring compliance with regulatory standards. To participate, users must obtain a Deloitte KYC Credential, which provides access to funding information, project evaluations, and the ability to participate in funding rounds upon eligibility.

The protocol offers flexibility to both project teams and investors by allowing projects to realize single or multiple financing rounds. Its governance is managed by PLMC token holders, an on-chain council, and a technical committee. Any PLMC holder can submit a proposal that, if it receives sufficient support, will lead to a vote by the token holder.

The announcement emphasized that the protocol oversees the conversion, distribution and conversion of tokens to the mainnet while also providing access to fundraising. It increases value creation for Web3 projects, allows diverse stakeholders to participate in financing rounds, and reduces information asymmetry between participants and issuers to expand their communities.

Evaluation Round


According to the statement, the Evaluation Round is a 28-day period during which evaluators conduct due diligence on a project by reviewing its whitepaper, team, tokenomics, and more.

What Does a Review on Polimec Mean?

The Evaluation Round is a 28-day period where Assessors (YOU) conduct due diligence on a project, evaluating the whitepaper, team, tokens, and more.

What you need to know:

Connect PLMC: Evaluators connect their PLMC to the signal… pic.twitter.com/hbP7OJTve9

— Polimec (@PolimecProtocol) May 17, 2024

Raters must link PLMC tokens to show their support for a project. If 10% of the target funding amount is secured, the project moves on to the Financing Round. Once linked, PLMC tokens are locked until the funding round is completed or canceled.

Evaluators can be incentivized with rewards for successful project evaluations, while unsuccessful ones get tokens deducted, encouraging thorough and honest evaluations.

Polkadot’s decentralized financing platform #Polimec is being launched and the first project group is included #Apillon, #mandalaetc. #Scope of Impactworth watching!

???? Join us at our next event #PolkaWorld Twitter space!

????Monday, May 20, 2024
???? 13:00 UTC

Learn how to upgrade… pic.twitter.com/MN9DAQMGyP

— PolkaWorld (@polkaworld_org) May 19, 2024

Apillon is the first project in Polimec, an infrastructure solution designed for Web3 developers. Other projects lined up for fundraising at Polimec include Mandala Chain, Gotem, and ImpactScope.

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