Polimec Protocol Price (PLMC)

What Is Polimec Protocol(PLMC)?

Polimec attributes several utilities to its native token PLMC. Bonding PLMC enables PLMC holders to evaluate projects, participate in funding rounds, and access staking or liquidity pools. PLMC can, at any time, be used for voting on protocol changes via on-chain governance.

Polimec is a decentralized community-driven funding protocol developed on Polkadot to accelerate the Web3 ecosystem. The open-source and module-based blockchain system facilitates fundraising in a regulatory compliant and sustainable manner using on-chain credentials.

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 governs the issuance, distribution, and conversion of tokens to mainnet. 

Polimec maximizes value creation for Web3 projects, 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. 

Using on-chain credentials from KILT enables user verification for know your customer (KYC) and anti-money laundering (AML), and other regulatory purposes while staying pseudonymous. This allows network participants to comply with relevant regulations in a decentralized and efficient process - while preserving data privacy.

What is the Utility of PLMC Token?

• 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. They participate with cryptocurrencies accepted by the issuer (e.g. stablecoins, DOT, KSM). Participants of successful funding rounds receive the project’s contribution tokens in return for their participation or are refunded if the project does not reach the target funding amount.
• 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.

Where Can You Buy Polimec Protocol(PLMC)?

Investing in Polimec Protocol can seem complicated, but it is much easier when you buy Polimec Protocol through cryptocurrency exchange. Signing up for a cryptocurrency exchange will allow you to buy, sell, and hold Polimec Protocol — both for fiat money and other cryptocurrencies. Some of the most popular Polimec Protocol cryptocurrency exchange are:

• MEXC Global
• XT

Please check Polimec Protocol(PLMC) token address If you want to buy or sell Polimec Protocol(PLMC) on dex exchange. Beware of scams!
Click here to view Polimec Protocol(PLMC) price in different crypto exchanges.

Polimec Protocol (PLMC) Community

• FaceBook: https://www.facebook.com/PolimecProtocol
• Twitter: https://twitter.com/PolimecProtocol
• Discord: https://discord.com/invite/4CZh8HNVuT
• Reddit: https://www.reddit.com/r/Polimec/
• Medium: https://polimec.medium.com/
• Telegram: https://t.me/PolimecProtocol