From Investing.com: 2024-05-20 12:00:41

Polimec, a decentralized funding protocol in Zug, Switzerland, has been launched to facilitate community-funded projects while ensuring regulatory compliance. The first project showcased is Apillon, focused on web3 developer infrastructure, with other projects like Mandala Chain and Gotem lined up for fundraising on Polimec.

This protocol provides a transparent and decentralized environment for web3 projects to raise funds and connect with investors globally. Users need to secure a Deloitte KYC Credential to access project information, evaluation, and funding rounds on Polimec. Governance is handled by PLMC holders, an on-chain council, and a technical committee.

Polimec offers emerging web3 projects in the Polkadot ecosystem a platform to achieve their funding goals, enhancing the development of transformative blockchain solutions. Investors can engage in funding rounds based on their criteria, ensuring a transparent and compliant fundraising process for all parties involved.

The first Evaluation and Funding Rounds on Polimec will showcase the future of web3 fundraising and enable the Polkadot community to support innovative projects seeking capital. The protocol’s automated framework streamlines the fundraising process, offering fair access to diverse investors and aligning interests for sustainable growth.

Polimec is a permissionless fundraising protocol designed to maximize value creation for web3 projects by encouraging participation from different stakeholders. The platform minimizes information asymmetry, ensuring a fair and transparent fundraising process for all parties involved. Users can learn more about Polimec through their app, website, and Knowledge Hub for in-depth information.

Read more at Investing.com: Polimec Brings Decentralized Fundraising to Polkadot By Chainwire