First decentralized Web3 funding parachain Polimec goes live on Polkadot

4 months ago

Polimec, a decentralized and community-driven backing parachain, has officially launched connected Polkadot and is acceptable to statesman its archetypal task evaluation, according to a May 20 connection shared with CryptoSlate.

The level evaluates Web3 projects for imaginable fundraising, aiming to bring transparency, accessibility, and regulatory compliance to the process.

Polimec’s motorboat marks a caller epoch successful decentralized fundraising, prioritizing access, assemblage involvement, and regulatory compliance. Stakeholders person stated that the level is poised to revolutionize backing for Web3 projects.

First evaluation

The parachain’s archetypal valuation circular volition diagnostic Apillon, a Web3 infrastructure level for developers.

Apillon empowers developers wrong the Polkadot ecosystem, offering decentralized services similar record retention and hosting. To enactment successful the evaluation, users indispensable person a Deloitte-powered KYC Credential. This credential grants entree to the Data Room, wherever users tin reappraisal backing details earlier bonding their Polimec tokens (PLMC) to the projects they evaluate.

Meanwhile, the evaluation process volition past 28 days. Users tin behaviour owed diligence during this play by examining the project’s achromatic paper, team, and tokenomics.

By bonding their PLMC tokens, users bespeak involvement successful the project. If a task reaches 10% of its people backing during this stage, it automatically progresses to the adjacent round. The bonded PLMC tokens stay locked until the backing circular is completed oregon canceled.

The station First decentralized Web3 backing parachain Polimec goes unrecorded connected Polkadot appeared archetypal connected CryptoSlate.

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