Legion has announced plans to become one of the first platforms to provide access to early fundraising and token offerings for retail investors, compliant with MiCA.
History and Impact of ICOs
According to the Legion team, Initial Coin Offerings (ICOs) have revolutionized how blockchain projects raise funds. ICOs offered equal opportunities to participate in the early stages of new projects, resulting in the creation of some of the strongest communities in the crypto world.
Legion’s Mission and Technology
Legion exists to provide equal opportunity access to fundraising for new crypto projects. The platform uses an investor reputation and accountability layer, while ensuring regulatory clarity with the latest regulations. These features allow teams using Legion to attract funds effectively, comparable to those from venture capitalists.
Project Support and Future Plans
Legion is supported by a number of former founders, accelerators, and angels, completing a $2M seed round led by Cyber Fund. Participants included AllianceDAO, Delphi Labs, CoinGecko, and others. Legion continues to build its reputation system and accountability layer, and secure the necessary VASP/CASP licenses to conduct pre-token fundraising rounds and token offerings under MiCA.
Legion aims to revolutionize the approach to fundraising in the crypto space, providing a platform for equal access for retail investors. This will help create an organic community and reduce risks for projects through its reputation and accountability system.
Comments