• 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

Canonical Responds to User Concerns Over AI Features

chest

Canonical addresses user concerns over AI features in Ubuntu, emphasizing privacy and user control.

user avatarElias Mukuru

User Backlash Against Ubuntu's AI Feature Announcement

chest

Ubuntu users express dissatisfaction with Canonical's plans to integrate AI features into the operating system, fearing a shift towards unwanted functionalities similar to those in Windows.

user avatarMohamed Farouk

Bitcoin's 2618 Pattern Activated Amidst Market Corrections

chest

The long-anticipated 2618 pattern for Bitcoin has officially activated, indicating a potential corrective phase in the market.

user avatarDiego Alvarez

New Escrow Service on XRP Ledger Announced

chest

XRPL validator Vet has announced a new escrow service that could soon launch on the XRP Ledger, enhancing benefits for token holders as Ripple continues to expand its network.

user avatarMaria Fernandez

XRP Treasury Firm Reports 8X Growth in Tokenized Treasuries

chest

Ripple-backed firm Evernorth reports an 8x growth in tokenized US Treasuries on the XRP Ledger, increasing from $50 million to $418 million in one year.

user avatarGustavo Mendoza

Ripple Expands Operations with New Headquarters in Dubai

chest

Ripple has opened a new regional headquarters in Dubai's International Financial Centre to enhance its operations in the Middle East and Africa.

user avatarKenji Takahashi

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.