Regulatory compliant DeFi
Decentralized community-driven funding protocol for Web3.
Regulatory Compliant
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.
Funding Process
The Polimec funding process is divided into five distinct phases:
On-Chain Credentials
Stakeholder Verification
Network participants claim KYC credentials, which are required to gain access to the functionalities on Polimec.
Funding Application
Project Data Provision
Issuer applies for funding, providing all required information and funding round specifications.
Evaluation
Community Due Diligence
Minimum backing is required for a project to progress to the funding round.
Funding Round
Funding Access
Participants gain access to the funding rounds based on their credential category.
Issuance & Migration
Contribution Token Distribution
Contribution tokens are automatically issued and distributed to the participants, and eventually converted to the project's mainnet token at launch.
Values
Trustless
Enabling regulatory compliant fundraising without intermediaries or counterparty risk in a permissionless system.
Collaborative
Empowering network participants to assess projects in a decentralized due diligence mechanism as their backing is decisive for funding.
Accessible
Facilitating global access to funding on a level playing field, allowing retail and professionals to participate alongside institutionals.
Inclusive
Gaining access to a broad and diverse community.
Transparent
Reducing information asymmetry in funding through transparency in entry prices, vesting periods, and token allocations.
Efficient
Providing a trustless and automated funding process from fundraising to token distribution to the conversion at the project’s mainnet launch.
Values
Trustless
Enabling regulatory compliant fundraising without intermediaries or counterparty risk in a permissionless system.
Collaborative
Empowering network participants to assess projects in a decentralized due diligence mechanism as their backing is decisive for funding.
Accessible
Facilitating global access to funding on a level playing field, allowing retail and professionals to participate alongside institutionals.
Inclusive
Gaining access to a broad and diverse community.
Transparent
Reducing information asymmetry in funding through transparency in entry prices, vesting periods, and token allocations.
Efficient
Providing a trustless and automated funding process from fundraising to token distribution to the conversion at the project’s mainnet launch.
Functionalities
Polimec`s native PLMC token grants access to four distinct utilities:
Evaluation
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.
Participation
PLMC holders gain access to funding rounds by bonding PLMC and participate with other cryptocurrencies (e.g. stablecoins, DOT, KSM).
Staking
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.
Governance
PLMC holders determine the direction of the protocol by deciding on topics such as protocol development, the implementation of new network features, and more.
Milestones
2020
Project History
KILT develops the first concept in 2020, laying the basis for a fundraising mechanism for the Polkadot ecosystem.
2022
Q1
Polimec Team
KILT hands over Polimec to a new and dedicated team with the capacity needed to deliver the vision of a decentralized funding protocol for Web3.
2022
Q2
Foundation Incorporation
The Polimec Foundation is incorporated in Zug, Switzerland, dedicated to developing, growing, and promoting Polimec.
2022
Q3
Project Publications
The release of the new Polimec lightpaper/whitepaper provides details about the protocol’s evolution and functionalities.
2022
Q4
Brand Release
Release of the new Polimec branding, including website and other brand assets.Substrate Builders Program
Polimec joins the Substrate Builders Program, which ensures access to Parity`s extensive resources.
2023
Q1
Private Testnet
Polimec private testnet goes live with the initial pilot stakeholders to the platform.
2023
Q2
Minimum Viable Product
The minimum viable product developed together with Polimec’s collaboration partners goes live as first pilot case including on-chain credentials.
2023
Q3
Issuer Onboarding
Polimec starts to onboard the first project issuers, which aim to raise funds on Polimec.Evaluator Onboarding
Evaluators capable of evaluating projects prior to a fundraise are onboarded.Participant Onboarding
Participants who want to participate in funding rounds are onboarded. They range from retail and professional to institutional participants.
2023
Q3/Q4
Parachain Auction
Polimec participates in a parachain auction for securing its parachain slot on Polkadot.
2023
Q3/Q4
Token Generation
Token generation event for Polimec’s native token PLMC.Launch
Polimec launches and the protocol goes live.
2024
Ethereum Virtual Machine (EVM) Integration
Polimec supports cross-chain usability on EVM-based protocols.
2025
WebAssembly (WASM) Integration
Polimec empowers any programming language that can be interpreted or compiled into WASM to expand the network.
Collaborations
More news on future collaborations?
People
Meet our experienced team and the creators of the decentralized Web3 funding protocol of the future.
