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 Hiding Place 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, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Nvidia Introduces OpenShell Reference Architecture for AI Agents

Nvidia has introduced the OpenShell Reference Architecture, a design for managing autonomous AI agents, at GTC Berlin.

user avatarNguyen Van Long

OpenAI Announces $1 Billion Commitment to Cybersecurity

OpenAI announced a $1 billion commitment to enhance cybersecurity measures through its AI program, Daybreak, aimed at providing subsidized access to advanced AI tools for defenders of critical infrastructure.

user avatarSatoshi Nakamura

Elon Musk Proposes Merger of SpaceX and Tesla

Elon Musk announced that SpaceX and Tesla have formed special committees to explore a merger that could create a corporation valued at approximately $35 trillion.

user avatarJesper Sørensen

Standard Chartered to Acquire Zodia Custody

Standard Chartered has signed definitive agreements to acquire Zodia Custody Limited, enhancing its digital asset safekeeping services.

user avatarRajesh Kumar

Critical PHP Vulnerability Leads to Global Website Shutdowns

A critical vulnerability in PHP has caused panic worldwide, leading several countries to take down government websites and urging organizations to shut down their PHP-based sites.

user avatarLucas Weissmann

Probly Showcases Innovative Prediction Market Solutions at TOKEN2049

During TOKEN2049, Probly showcased its innovative approach to prediction markets, emphasizing accessibility, broad market coverage, and onchain settlement.

user avatarFilippo Romano

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.