• 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

Satori Finance to Cease Operations Amid Crypto Market Decline

chest

Satori Finance, a decentralized perpetual futures exchange, is ceasing operations due to financial difficulties amid a declining crypto market.

user avatarKofi Adjeman

GLAAD Urges Stronger Oversight in AI to Protect LGBTQ Rights

chest

GLAAD calls for stronger industry accountability and regulatory oversight in AI development to protect LGBTQ communities.

user avatarSatoshi Nakamura

GLAAD Report Warns of AI's Threat to LGBTQ Rights

chest

A new report from GLAAD warns that artificial intelligence is amplifying anti-LGBTQ bias and misinformation, affecting various sectors including healthcare and employment.

user avatarNguyen Van Long

Brian Armstrong Discusses Tokenization at Coinbase

chest

In a recent discussion, Brian Armstrong shared his insights on the future of tokenization in the cryptocurrency space, exploring its potential impact on the market.

user avatarJesper Sørensen

Bitcoin Derivatives Call Gains Attention Amid Negative Funding Rates

chest

A fresh Bitcoin derivatives call is gaining attention after That Martini Guy argued that negative funding rates may reflect profit-taking rather than aggressive shorting.

user avatarRajesh Kumar

Agreement Reached on CBDC Ban

chest

Agreement reached on the ban of Central Bank Digital Currencies (CBDCs) to address financial stability concerns.

user avatarLucas Weissmann

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.