Polkadot parachain Polimec aims to transform Web3 fundraising via decentralized platform
Polkadot parachain Polimec targets to transform Web3 fundraising by decentralized platform Polkadot parachain Polimec targets to transform Web3 fundraising by decentralized platform
Polimec's conception for the year involves increasing to other networks by WebAssembly integration.
Quilt art work/illustration by CryptoSlate. Image involves mixed exclaim material that could maybe maybe include AI-generated exclaim material.
Polkadot’s parachain Polimec wants to revolutionize fundraising for Web3 initiatives by an revolutionary skill that units it rather than competitors.
Primarily based utterly mostly on its internet space:
“Polimec enables fundraising in a decentralized, clear, and regulatory-compliant system, aligning stakeholder incentives in the end of and past the fundraise.”
Co-founder Kasper Mai Jørgensen further outlined that Polimec permits fundraising without prolong on-chain with out intermediaries in a clear, fully decentralized, and regulatory-compliant system.
The mission was as soon as conceptualized in 2020 by the personnel in the support of KILT Protocol and later grew to become an self sustaining mission with its include non-profit organization in June 2022.
Polimec’s native PLMC token grants holders regain entry to to the platform’s overview, participation, staking, and governance actions.
How Polimec operates
Polimec streamlines the fundraising route of into five phases, initiating with credential verification by know-your-buyer (KYC) procedures.
Therefore, initiatives seeking funding apply and furnish dinky print about their initiatives and funding rounds. Community participants then attach in thoughts and vote on these applications, guaranteeing a democratic alternative route of.
Easiest initiatives with adequate neighborhood backing map to the funding round phase as participants participate fixed with their credential dwelling.
The route of culminates in the Issuance and Migration phase, the place contribution tokens are robotically allocated and distributed to participants. The tokens are converted into mainnet tokens after the mission is launched.
Particularly, Apillon and Mandala Chain are amongst the first Polkadot-based initiatives that intend to exercise Polimec’s skills for fundraising.
Substantial plans
Primarily based utterly mostly on its internet space, Polimec has loads of plans for the year, in conjunction with establishing a bridge for stablecoins between Ethereum Digital Machine (EVM)-admire minded chains and the community and deploying extra applications to generate yield for its users.
Furthermore, the protocol plans to spice up by a deliberate WebAssembly (WASM) integration by the year’s fourth quarter.
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