The blockchain infrastructure supplier has formally launched a decentralized and community-driven funding protocol βdesigned to rework the fundraising panoramaβ for Web3 initiatives. Polkadot says this initiative, known as “Polimec,” helps enhance transparency, accessibility and compliance in fundraising actions.
Debut Polimec contains the primary analysis spherical with the Apillon challenge. Group members will then evaluate the initiatives to find out which is able to advance to the funding spherical.
To take part in Polimec, customers should go to app.polimec.org and procure Deloitte KYC credentials utilizing the code “FundingSeason”. After getting into the info room to view funding data, they will consider initiatives by pooling their PLMC transportable tokens.
“The launch of Polimec represents a brand new period of decentralized fundraising, emphasizing entry, group engagement and compliance,” mentioned a Polkadot spokesperson. “We’re excited to see revolutionary initiatives rising from our group and look ahead to broad participation.”
In late 2020, the creators of the KILT protocol got here up with a token issuance mechanism to enhance liquidity within the Polkadot ecosystem, resulting in the creation of Polimec. Based in 2022, the Polimec Basis introduced this impartial enterprise to life to deal with the challenges of conventional fundraising.
Polimec creates a trusted framework for initiatives that permits them to lift funds inside a various group whereas managing the issuance, distribution and conversion of tokens to the mainnet.
Developed in collaboration with KILT and Deloitte, the decentralized KYC mechanism ensures pseudonymous participation whereas including safety and regulatory compliance.
Polimec breaks down boundaries to entry and allows people from numerous backgrounds to take part in funding rounds with equal alternatives for retail, skilled and institutional contributors. Its price mannequin operates with no upfront charges or fiat charges, with charges solely utilized upon profitable fundraising. It additionally gives assist past fundraising, together with allocation plans, group suggestions and constructing ambassador packages.
