Road to Launch — Staking is here!

Polimec
2 min readJan 10, 2024

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Time to put your tokens to work!

Our Road to Launch continues — At TGE, you’ve received your PLMC, and now for the next step — We are excited to share that staking is enabled!

Visit: app.polimec.org and stake your PLMC.

This video guides you through the staking process, ensuring you have all the information you need to stake confidently and effectively.

How to stake your PLMC:

By staking your PLMC, you are delegating to collators on the Polimec protocol and actively contributing to the security and operation of Polimec while receiving PLMC staking rewards in return — start staking today and be a part of the growing Polimec community.

Please note that Polimec uses the new lock types from the latest Polkadot SDK, which affects the “transferable balance” display on Polkadot-JS and some wallets.

You might see a transferable balance of 0 and receive notifications when staking via Polkadot-JS, but these are just display issues — staking transactions can be executed.

For ease of use and accurate balance information, use our staking dashboard at: app.polimec.org

Updates to Polkadot-JS and wallets are expected to accommodate these changes soon.

Frequently asked questions:

What is Staking?

How long does the unstaking period last?

What is the minimum amount required to stake?

What can I use PLMC for?

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More information about Polimec and its functionalities can be found in our Knowledge Hub!

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Polimec

Decentralized community-driven funding protocol for Web3. - Regulatory compliant DeFi