• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

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

user avatar

by Giorgi Kostiuk

a year ago

  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.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Year-to-Date Inflows Remain Strong Amid Outflows

chest

Year-to-date inflows for 2024 are strong at 463 billion, despite recent outflows of 446 million from digital asset funds.

user avatarLucas Weissmann

Expert Uncertainty on Historical Tax Parallels for Cryptocurrency

chest

Experts from Kanalcoin express uncertainty about historical parallels between IRS updates and their effects on the cryptocurrency market, suggesting possible regulatory shifts but lacking concrete data.

user avatarFilippo Romano

Speculative Tax Loss Harvesting Impacts on Cryptocurrency Market

chest

Current discussions suggest that tax loss harvesting could have potential impacts on the cryptocurrency market, but the actual effects remain uncertain.

user avatarTomas Novak

IRS Form 1099DA Lacks Clarity for Cryptocurrency Reporting

chest

Current discussions around IRS Form 1099DA highlight its lack of clarity regarding cryptocurrency reporting.

user avatarMaya Lundqvist

China Eases IPO Requirements for Rocket Companies

chest

China has relaxed IPO requirements for companies developing reusable rocket technology, allowing them to raise capital from public investors.

user avatarEmily Carter

LandSpace Launches Zhuque3 Rocket with Mixed Results

chest

Chinese private rocket company LandSpace launched its Zhuque3 reusable rocket earlier this month from the Jiuquan Satellite Launch Center. The rocket achieved orbital insertion but failed to recover its first-stage booster, which crashed instead of performing a controlled landing.

user avatarKaterina Papadopoulou

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.