Polimec, the decentralized financing platform of Boca Ecosystem, announced the cessation of operations
TechFlame
2025-07-28 13:19
TechFlame2025-07-28 13:19
English
According to TechFlame, Polimec, an ecosystem decentralized financing platform, announced that the project will be forced to stop all commercial operations after many efforts. Due to changes in the market environment, active user participation fell far short of expectations. In particular, investment demand for Substrate-based tokens almost disappeared, making it difficult for the project to be self-sufficient.
Despite the team's ongoing efforts and maintaining high standards of compliance, maintaining operations has become unsustainable due to resource exhaustion. Polimec will support users to withdraw assets to Polkadot or Asset Hub according to the plan, and ensure that investors participating in the funding round receive mainnet tokens participating in the funding round.
Polimec was founded in 2022 with the goal of creating a decentralized, community-driven, and regulatory-compliant financing protocol. In 2024, the platform has successfully launched a real-time parachain and supported the financing of three projects.