Polimec (PLMC) is a decentralized, community-driven fundraising protocol built on the Polkadot ecosystem, designed to facilitate fundraising for Web3 projects in a regulatory-compliant manner through on-chain credentials (DIDs). Its native token, PLMC, plays multiple key roles within the protocol.
Total PLMC Token Supply
The total supply of Polimec (PLMC) tokens is 100 million (100,000,000 PLMC). For four years following the mainnet launch, the total supply of PLMC will remain capped at 100 million.In the future, the total supply may increase or decrease based on decisions made by PLMC holders through on-chain governance.
PLMC Token Circulating Supply
Regarding the circulating supply of PLMC tokens, different data platforms show discrepancies:
- Some data indicate that the circulating supply of PLMC is 0 PLMC.
- Other data indicates that PLMC’s self-reported circulating supply is 63,764,950 PLMC, accounting for approximately 63.76% of the total supply.
- Additionally, data from March 2024 shows its circulating supply as 63,667,761.29 PLMC.
It is worth noting that the CoinMarketCap team has stated it has not yet verified the project’s circulating supply, but based on the project’s self-reported data, it stands at 63.76M PLMC.
Primary Uses of the PLMC Token
The PLMC token economic model is designed to incentivize holders to actively participate in the protocol’s various features. Its primary uses include:
- Project Evaluation: PLMC holders can evaluate projects by staking PLMC and express their confidence in them. Their support is crucial for projects to enter funding rounds. Evaluators who make correct assessments will receive contribution tokens from the evaluated project as a reward, while those who make incorrect assessments will face penalties.
- Fundraising Participation: PLMC holders gain eligibility to participate in funding rounds by locking their PLMC. They can use any other cryptocurrency accepted by the project (such as stablecoins or other tokens) to participate in the funding.
- Staking: PLMC holders can earn staking rewards by delegating their PLMC to collators, thereby providing stability to the network and helping to validate transactions.
- Governance: PLMC holders determine the protocol’s direction through on-chain governance, including protocol development, the introduction of new network features, and treasury management.
The Polimec Protocol is committed to providing Web3 projects with a transparent, fair, and regulatory-compliant fundraising framework through decentralized technology, while maximizing value creation for all stakeholders.
