Polimec, a decentralized funding protocol, has been introduced to catalyze a new phase of community-backed projects within the Polkadot ecosystem. It offers a transparent avenue for teams to secure funding and issue tokens while adhering to regulatory standards.

The inaugural project featured on Polimec is Apillon, which offers infrastructure solutions for web3 developers. Through the platform's Evaluation Round, investors can assess projects and determine their eligibility for the Funding Round. Other projects, such as Mandala Chain, Gotem, and ImpactScope, are slated to raise funds via Polimec.

Polimec aims to preserve the decentralization inherent in web3 while ensuring regulatory compliance and global connectivity between investors and startups. Participation in projects on Polimec requires users to obtain a Deloitte KYC Credential, granting access to funding details, project evaluations, and participation in funding rounds.

Projects can conduct single or multiple funding rounds on Polimec, with investors able to engage in rounds aligning with their preferences. Governance of the protocol is overseen by PLMC holders, comprising an on-chain council and technical committee. Proposal submission by any PLMC holder triggers a token-holder vote if it garners sufficient support.

By facilitating funding for emerging web3 projects within the Polkadot ecosystem, Polimec enhances their potential to develop groundbreaking blockchain solutions and foster real-world problem-solving. Simultaneously, the platform offers web3 investors access to transparent and compliant fundraising opportunities.

The inaugural Evaluation and Funding Rounds on Polimec provide the Polkadot community with a glimpse into the future of web3 fundraising and an opportunity to evaluate innovative projects seeking capital to bring their visions to fruition.

About Polimec:

Polimec is a permissionless fundraising infrastructure protocol that automates fundraising processes, enabling projects to secure funds from a diverse investor base transparently and equitably. It governs token issuance, distribution, and conversion to mainnet, fostering value creation for web3 projects and promoting stakeholder participation in funding rounds while minimizing information asymmetry.