Polkadot (CRYPTO:DOT) introduces Polimec (CRYPTO:PLMC), a decentralised funding protocol designed to revolutionise the fundraising landscape for Web3 projects by enhancing transparency, accessibility, and regulatory compliance.
Through Polimec, community members evaluate projects like Apillon in the first Evaluation Round to determine funding eligibility.
Participation requires obtaining a Deloitte KYC Credential from app.polimec.org using the code "FundingSeason" and bonding transferable PLMC tokens for project evaluation.
Polimec, born from the creators of the KILT Protocol, offers a trustless framework for fundraising, incorporating a decentralised KYC mechanism and a cost model devoid of upfront fees.