• 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

a year 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

CopperInu Token Faces Significant Volatility Post-Launch

chest

CopperInu token has shown significant volatility post-launch, raising concerns about insider trading.

user avatarMaria Gutierrez

Pi Network Faces Challenges Post Mainnet Launch

chest

The mainnet launch of Pi Network has led to increased pressure on the token due to rising supply and falling demand.

user avatarDavid Robinson

Valour Gains FCA Approval to Offer Bitcoin and Ethereum ETPs to Retail Investors

chest

Valour has received official approval from the UK Financial Conduct Authority (FCA) to offer Bitcoin and Ethereum staking exchange-traded products (ETPs) to retail investors.

user avatarArif Mukhtar

AI Predictions on Pi Network's Future Valuation

chest

Four AI chatbots provide insights on the potential for Pi Network's token to crash to zero.

user avatarAndrew Smith

Buterin Discusses Ethereum's Progress and Concerns

chest

Vitalik Buterin discussed Ethereum's scaling advancements and emphasized the need for applications that provide real social value during a recent interview in China.

user avatarZainab Kamara

Global Reactions to Russia's Cryptocurrency Regulation Proposal

chest

The proposed bill has sparked mixed reactions globally, with some welcoming the clarity that formal regulation brings, hoping it will legitimize the sector and attract institutional investment. Others criticize the purchase cap as overly paternalistic, arguing it stifles financial freedom and technological adoption.

user avatarJacob Williams

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.