Legion Announces Plans to Comply with MiCA and Provide Access to Early Fundraising

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. A New Beginning for On-Chain Fundraising
  2. Legion's Functionality and Mission
  3. Support and the Future of Legion


    4. Legion aims to become one of the first MiCA-compliant CASPs and provide access to early fundraising and token offerings for non-accredited investors.

    A New Beginning for On-Chain Fundraising

    Today, Legion emerges to mark a new era of merit-based on-chain fundraising. The team notes that Initial Coin Offerings (ICOs) revolutionized how blockchain projects fundraise, offering equal opportunity to participate in the early stages of new projects.

    Legion's Functionality and Mission

    Legion exists for a singular purpose: to provide equal opportunity access to on-chain fundraising for new crypto projects. They achieve this mission with their investor reputation and accountability layer, as well as by providing regulatory clarity with the latest regulations.

    Raising from retail investors on-chain is the best way to build an incentive-aligned community, but it can be risky because you don’t know who your early investors are. Will they be long-term supporters? Are they real or just sniping bots? Legion’s accountability layer allows teams to assemble their retail army based on on-chain and off-chain criteria and slash the reputation of short-term actors.Legion cofounder Fabrizio Giabardo

    Support and the Future of Legion

    Legion is backed by several mission-driven founders, accelerators, and angels, having completed a $2M Seed round led by Cyber Fund with participation from AllianceDAO, Delphi Labs, and others.

    For projects, it’s all about maximizing the amount of value per dollar raised. Raising from the right mix of retail and venture capital investors is crucial for the right community.Cyber managing partner and former Lido cofounder Konstantin Lomashuk

    With this latest round, Legion is building its reputation system and accountability layer, and securing the necessary VASP/CASP licenses to facilitate pre-token fundraising rounds and token sales for non-accredited investors under MiCA.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

NFL Backs New Jersey's Appeal on Sports Prediction Markets

The NFL has filed an amicus brief urging the Supreme Court to consider New Jersey's appeal regarding the classification of sports prediction markets, advocating for state regulation and enhanced consumer protections.

user avatarAisha Farooq

Binance Launches Meteora Spot Trading Competition with 400 BNB Prize Pool

Binance has launched a new spot trading competition for the MET token with a prize pool of 400 BNB, running from October 8 to October 15.

user avatarBayarjavkhlan Ganbaatar

The Graph Sets October 8 Deadline for Transition to Decentralized Network

On October 8, The Graph will transition from centralized Subgraph Studio endpoints to its decentralized network, impacting developers on Polygon and BNB Chain.

user avatarTenzin Dorje

Anyflo Launches as a New Player in Stablecoin Payments

Anyflo has emerged as a stablecoin payments orchestration company, simplifying stablecoin use for enterprises.

user avatarElias Mukuru

Sui's Hashi to Launch Mainnet with $500 Million Backing

Sui's Hashi is set to begin a phased mainnet rollout later this month, supported by over $500 million in capital commitments.

user avatarMohamed Farouk

Chainlink Introduces CCIP Vault Adapters to Streamline Cross-Chain DeFi Transactions

Chainlink has launched CCIP Vault Adapters, enabling DeFi vaults to accept deposits from over 80 blockchains without manual bridging.

user avatarDiego Alvarez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.