SubQuery Partnership With ImbueNetwork

Published on: 24.05.2022
SubQuery Partnership With ImbueNetwork

Firstly, SubQuery partnership with ImbueNetwork on their mission to build an accountability-driven crowdfunding platform. Imbue Network is a crowdfunding DAO leveraging the power of the Polkadot ecosystem where anyone can initiate a crowdfunding proposal and bring their idea to life.

Further, Imbue DAO is to provide blockchain entrepreneurs. A community where they can seek funding for early stage ideas which are voted on by members. For ventures that obtain funding, their progress is verified at each milestone and funds are only released upon achieving votes from the project council. To enable this level of accountability, Imbue leverages SubQuery to visualise the on-chain activities during the crowdfund.

During the crowdfunding process, there are a lot of factors that decide the performance of any given project. Data points like contributions, vote portions on milestones or Contributor sentiment are all examples of KPIs would be helpful for the community. ImbueNetwork use SubQuery to easily locate this data and present it to the community to digest in a visual format.

Imbue will launch on Kusama and intend to follow this up with a Polkadot integration a few months later. As keen members of the “Dotsama” ecosystem, they also recently announced that they have integrated Acala’s aUSD as their default stablecoin for the crowdfunding platform.

Finally, Imbue Network is using SubQuery Projects to manage their own project and make updates as required. They take advantage of SubQuery’s enterprise-level hosting to receive dedicated databases, automated deployments, and geographic routing to multiple clusters around the world for performance and uptime.

About Imbue Network

Imbue Network is a decentralised crowdfunding DAO built on top of the Polkadot blockchain platform. It is an idea incubator open to the entire world that allows anyone, from any walk of life and for any kind of endeavour, to submit and vote on Ideas worth Funding from the communities that believe in them the most.

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About SubQuery

SubQuery is a blockchain developer toolkit enabling others to build Web3 applications of the future. A SubQuery project is a complete API to organise and query data from layer-1 chains. Currently servicing Polkadot , Substrate and Avalanche projects. This data-as-a-service allows developers to focus on their core use case and front-end. Without needing to waste time on building a custom backend for data processing. The SubQuery Network proposes to enable this same scalable and reliable solution, but in a completely decentralised way.

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