Legion Plans to Become One of the First MiCA-Compliant CASPs

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. Revolution in Fundraising
  2. Mission and Goals of Legion
  3. Support and Future Plans


    4. Legion announced plans to become one of the first MiCA-compliant Crypto Asset Service Providers (CASP), providing access to early fundraising and token offerings for non-accredited investors.

    Revolution in Fundraising

    According to the team, Initial Coin Offerings (ICOs) revolutionized the way blockchain projects raise funds. They offered equal opportunities to participate in the early stages of new projects, creating strong communities such as LINKMarines and ETH maxis.

    I participated in half a dozen ICOs. I loved them, but it was clear they had flaws. Scams, bots, and regulatory clampdown killed on-chain fundraising.Legion cofounder Matt O’Connor

    Mission and Goals of Legion

    Legion exists to provide equal opportunity access to on-chain fundraising for new crypto projects. The project offers an investor accountability layer and regulatory clarity. These features ensure that for teams using Legion, the risk-to-reward ratio of raising from retail users on-chain is competitive compared to traditional fundraising methods.

    Raising from retail investors on-chain is the best way to build an incentive-aligned community.Legion cofounder Fabrizio Giabardo

    Support and Future Plans

    Legion is supported by a number of mission-driven founders, accelerators, and angels, completing a $2M Seed round. The VASP/CASP licenses will allow Legion to conduct pre-token fundraising rounds and token sales for non-accredited investors under MiCA.

    For projects, it’s all about maximizing the amount of value per dollar raised.Cyber managing partner and former Lido cofounder Konstantin Lomashuk

    Legion continues to develop its reputation system, VASP/CASP licenses, and plans to provide safe and regulated investment opportunities for retail investors.

Tier I

Sector: #18291

Sealed Cache 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, caches will be stored in your inventory and can be opened with Keys.

Other news

Analysts Remain Bullish on SpaceX Stock Despite Recent Challenges

chest

Despite recent challenges, analysts maintain a bullish outlook on SpaceX stock, citing its unique positioning in the market.

user avatarDavid Robinson

SpaceX Stock Faces Volatility Amid Lockup Expirations

chest

SpaceX stock has experienced significant fluctuations due to recent lockup expirations, with investors questioning its future performance.

user avatarAndrew Smith

Meta's Valuation Advantage Over SpaceX

chest

Despite SpaceX's rapid growth, Meta has a more favorable stock valuation, trading at about 66 times sales compared to SpaceX's 45 times sales.

user avatarZainab Kamara

SpaceX Outpaces Meta in Revenue Growth

chest

SpaceX's revenue grew by 92% year-over-year, while Meta's revenue increased by 28%. SpaceX's growth is driven by demand for AI and connectivity, whereas Meta's growth is slower but consistent.

user avatarJacob Williams

SpaceX and Meta Compete for $2 Trillion Valuation

chest

SpaceX and Meta are competing for a $2 trillion market valuation, with SpaceX having briefly reached this mark in June.

user avatarSon Min-ho

SanDisk's Impressive Stock Performance Post Spin-off

chest

SanDisk has experienced a remarkable stock increase of almost 3,900% since its spin-off from Western Digital, driven by high demand for NAND flash memory, with analysts suggesting over 50% upside from current levels.

user avatarAyman Ben Youssef

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.