Regulatory compliant DeFi
Decentralized community-driven funding protocol for Web3.
Network participants on Polimec must claim credentials verified by trusted third parties in a novel know your customer (KYC)/anti-money laundering (AML) process. Credentials are pseudonymous, and no personal information is stored on-chain - hence all transactions and network participants on Polimec can be processed in a regulatory compliant and secure manner.
Accessible & Sustainable
Polimec’s decentralized approach grants access to early-stage funding on a global scale. Retail, professional, and institutional participants gain access at a similar price with transparent terms. Bringing together the various stakeholders is essential to increase community awareness and engagement while benefiting from a broad funding base.
Independent & Efficient
The protocol executes trustless and automated token transfers, eliminating counterparty risks and human errors in the funding process. This results in increased security, time certainty in funding cycles, and no upfront or participation fees.
The Polimec funding process is divided into five distinct phases:
Enabling regulatory compliant fundraising without intermediaries or counterparty risk in a permissionless system.
Empowering network participants to assess projects in a decentralized due diligence mechanism as their backing is decisive for funding.
Facilitating global access to funding on a level playing field, allowing retail and professionals to participate alongside institutionals.
Gaining access to a broad and diverse community.
Reducing information asymmetry in funding through transparency in entry prices, vesting periods, and token allocations.
Providing a trustless and automated funding process from fundraising to token distribution to the conversion at the project’s mainnet launch.
Polimec`s native PLMC token grants access to four distinct utilities:
PLMC holders perform evaluations and signal their confidence in a project by bonding PLMC. Their backing is decisive for a project to proceed to a funding round. Evaluators are rewarded for correct evaluations, or slashed for incorrect ones.
PLMC holders gain access to funding rounds by bonding PLMC and participate with other cryptocurrencies (e.g. stablecoins, DOT, KSM).
PLMC holders earn staking rewards by nominating collators. In doing so, they get rewarded for providing stability to the network and contributing to validating transactions.
PLMC holders determine the direction of the protocol by deciding on topics such as protocol development, the implementation of new network features, and more.
Project HistoryKILT develops the first concept in 2020, laying the basis for a fundraising mechanism for the Polkadot ecosystem.
Polimec TeamKILT hands over Polimec to a new and dedicated team with the capacity needed to deliver the vision of a decentralized funding protocol for Web3.
Foundation IncorporationThe Polimec Foundation is incorporated in Zug, Switzerland, dedicated to developing, growing, and promoting Polimec.
Project PublicationsThe release of the new Polimec lightpaper/whitepaper provides details about the protocol’s evolution and functionalities.
Brand ReleaseRelease of the new Polimec branding, including website and other brand assets.
Substrate Builders ProgramPolimec joins the Substrate Builders Program, which ensures access to Parity`s extensive resources.
Private TestnetPolimec private testnet goes live with the initial pilot stakeholders to the platform.
Minimum Viable ProductThe minimum viable product developed together with Polimec’s collaboration partners goes live as first pilot case including on-chain credentials.
Issuer OnboardingPolimec starts to onboard the first project issuers, which aim to raise funds on Polimec.
Evaluator OnboardingEvaluators capable of evaluating projects prior to a fundraise are onboarded.
Participant OnboardingParticipants who want to participate in funding rounds are onboarded. They range from retail and professional to institutional participants.
Parachain AuctionPolimec participates in a parachain auction for securing its parachain slot on Polkadot.
Token GenerationToken generation event for Polimec’s native token PLMC.
LaunchPolimec launches and the protocol goes live.
Ethereum Virtual Machine (EVM) IntegrationPolimec supports cross-chain usability on EVM-based protocols.
WebAssembly (WASM) IntegrationPolimec empowers any programming language that can be interpreted or compiled into WASM to expand the network.
More news on future collaborations?
Meet our experienced team and the creators of the decentralized Web3 funding protocol of the future.