• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

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

user avatar

by Giorgi Kostiuk

2 years ago

  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.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

QDay Prize Awarded Amid Controversy

chest

The QDay Prize was awarded to Giancarlo Lelli for breaking a 15-bit elliptic curve key on publicly accessible quantum hardware, but faced criticism from Craig Gidney regarding its validity.

user avatarEmily Carter

JPMorgan and Goldman Sachs Shift Stance on Bitcoin

chest

JPMorgan and Goldman Sachs, once critical of Bitcoin, are now offering cryptocurrency trading services and holding significant Bitcoin assets.

user avatarTomas Novak

Peter Schiff Calls STRC a Ponzi Scheme

chest

Peter Schiff criticizes STRC, calling it a Ponzi scheme and questioning its financial model's sustainability.

user avatarMaya Lundqvist

Michael Saylor Suggests Potential New Bitcoin Purchase.

chest

Michael Saylor hints at a new Bitcoin acquisition, reinforcing Strategy's commitment to steady accumulation.

user avatarKaterina Papadopoulou

Saturn Boosts Investment in STRC Amid Concerns

chest

Saturn has increased its investment in STRC by $18 million, raising its total investment to $33 million, amid concerns about STRC's Bitcoin acquisition strategy.

user avatarLeo van der Veen

Charles Edwards Highlights Bitcoin's Upside Potential Amid Quantum Security Risks

chest

Charles Edwards highlights Bitcoin's potential for a price increase if progress is made on post-quantum security, despite current market risks.

user avatarLi Weicheng

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.