# Issuers

Issuers are projects raising funds on Polimec. The issuers can submit a project on Polimec by providing all required information as described in the [**funding application**](/learn/funding-process/funding-application.md).

After providing all required information, the project goes through the evaluation process, where evaluators signal that they expect a specific project to complete the funding round.

Once the issuer has secured the required backing from evaluators, the funding round begins in which retail, professional, and institutional participants can participate.

The following threshold applies to the total amount raised relative to the target funding amount, which determines the project’s potential outcome.

*Possible outcomes:*

| Thresholds | Outcome Project   | Outcome Evaluators | Outcome Participants        |
| ---------- | ----------------- | ------------------ | --------------------------- |
| <33%       | Rejected (autom.) | Slashed            | Refunded                    |
| ≥33%       | Accepted (autom.) | Rewarded           | Receive Contribution Tokens |

Should the total amount raised fall **below 33%** of the target funding amount, the protocol automatically declines the project, slashes 20% of the evaluators’ bonded[^1] PLMC, and refunds the participants. The slashed PLMC are allocated to the on-chain treasury. The 33%-threshold incentivizes projects to raise funds in line with their expectations. It prevents unrealistic or excessively high valuations as well as participants getting stuck in an unsuccessful funding round.

Should the total amount raised fall **at a level of 33% or above** of the target funding amount, the protocol automatically accepts the funding, evaluators are rewarded in the respective contribution tokens based on the amount raised for the project, and participants receive the respective contribution tokens based on their participation.

Based on the total amount raised compared to the target funding amount, the funding is automatically accepted or declined. The applicable settlement will occur 1 hour after the automatic outcome.

[^1]: Locking up tokens as collateral to participate in consensus protocols, secure the network, and earn rewards.


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