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© Polimec 2024.

On this page
  • Vision and Mission of Polimec
  • Purpose of Polimec
  • Roles on Polimec
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  1. Learn
  2. General Information

Polimec Basics

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Last updated 10 days ago

Vision and Mission of Polimec

Polimec’s vision is to transform finance for a fair and decentralized future.

Polimec’s mission is to shape the future of finance by democratizing access to capital and transforming the landscape of direct ownership. By leveraging decentralized technologies, Polimec delivers products and solutions for a more inclusive world, where everyone has the power to participate and own.

Purpose of Polimec

Polimec provides an automated framework for projects to raise funds within a broad and diverse community with transparent and fair access for all. The protocol provides access to fundraising and manages the issuance, distribution, and conversion of tokens to mainnet.

Polimec allows different stakeholders to participate in funding rounds, and minimizes information asymmetry between participants and issuers to grow their community. The underlying reward mechanism ensures that the interests of the various participants and projects are aligned for sustainable fundraising.

Furthermore, the native enables access to fundraises and a variety of additional functionalities such as evaluations, , liquidity provisioning, governance, and more.

Roles on Polimec

are projects raising funds on Polimec. After providing the necessary documentation and structuring their funding process, issuers are subject to approval from evaluators to enter the funding round and depend on participants to achieve a successful fundraise.

are incentivized to assess projects accurately, as they earn rewards for successful evaluations or get for unsuccessful ones. The evaluation process is intended to be transparent, with evaluations recorded on the blockchain and evaluator linkable to social media profiles.

are actors categorized as , , or . They can browse projects and participate in those for which they are eligible. Unsuccessful funding rounds will result in an automatic refund of the participants’ contributions. are automatically converted to once a project’s goes live.

earn staking rewards by delegating to who help stabilize the network. Staking rewards for collators and their delegators are paid out in PLMC on a round-by-round basis. The effective staking rewards rate is determined by the amount of PLMC staked in relation to the total supply.

Issuers
Evaluators
Participants
Stakers