Imbue Network Announced Integration Of aUSD
Imbue Network Integrates aUSD As Its Default Stablecoin for Crowdfunding on Polkadot
The Imbue Network, a decentralized venture capital crowdfunding platform, will become a part of the Karura ecosystem! Imbue will integrate aUSD into their ecosystem and provide a platform for developers to innovate new blockchain solutions. Inventors can use Imbue to garner support and backing from contributors within the ecosystem, and integrating aUSD facilitates capital funding free from volatile price fluctuations, expanding the broad contributor base of Imbue Network.
The funding stage can be difficult for developers because it’s an extensive and often complex process. Imbue’s ‘idea incubator’ platform stimulates innovative blockchain solutions with funding from Web3.0 enthusiasts. By leveraging the power of the Polkadot network and Substrate framework, proposals can be initiated seamlessly.
The Imbue Network comprises two categories of users:
Contributors — Individuals who contribute toward the success of a project.
Initiators — Developers/Inventors who propose their projects to the Imbue community.
The Imbue community plays a key role in bringing new projects to life. If they feel strongly that a project is going to be impactful, they can decide to support the project by contributing to the funding it requests. Imbue allows its users to contribute to a project after voting for its inclusion, making the project ideas visible and contributions open to any willing participant. Therefore, the Imbue model promotes a fully decentralized incubator system to advance blockchain solutions.
Integrating aUSD to the Imbue Network is an open invitation to every Polkadot and blockchain user; aUSD is the default routing asset of the DotSama ecosystem — a vital link creating and expanding value on the Polkadot and Kusama networks. Integrating aUSD assures initiators and contributors of an active and efficient decentralized venture capital.
About Imbue Network
Imbue Network is a decentralized crowdfunding DAO built on the Polkadot blockchain platform. It is an idea incubator open to the entire world that allows anyone from any walk of life and endeavors to submit and vote on ideas worth funding from the communities that believe in them the most.
About Karura & Acala
Acala is an Ethereum-compatible smart contract platform optimized for DeFi and scaling DApps to Polkadot. The blockchain has built-in DeFi protocols for application developers to leverage, including a decentralized stablecoin (Acala Dollar — aUSD), a trustless staking derivative (liquid DOT — LDOT), and a decentralized exchange. Karura is Acala’s canary network built on the Kusama platform.
