• 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

2 years 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

Institutional Inflows into XRP ETFs Indicate Growing Interest

chest

Recent reports indicate significant inflows into US spot XRP ETF products, highlighting growing institutional interest in regulated access to XRP.

user avatarMaria Fernandez

XRP Holds Steady Above 104 as Whale Activity Declines

chest

XRP is trading above the critical support level of 104, with decreased whale activity on Binance suggesting a quieter market phase.

user avatarGustavo Mendoza

US Government Bans Import of Advanced Robotic Devices from Foreign Countries

chest

The US government has announced an import ban on advanced robotic devices from foreign countries, particularly targeting China.

user avatarRajesh Kumar

Major US Banks Successfully Test Tokenized Cross-Border Payments

chest

Several major US banks, including JPMorgan, Citi, and UBS, have begun testing tokenized cross-border payments, settling transactions in an average of 80 seconds.

user avatarMiguel Rodriguez

Granite Emphasizes Editorial Integrity in New Report

chest

Granite has published a report that underscores its strict editorial policy focusing on accuracy, relevance, and impartiality.

user avatarLuis Flores

SanDisk Stock Rebounds After Three-Day Decline

chest

SanDisk stock (NASDAQ: SNDK) ended its three-day downward trend with a significant rise of 26 during Thursday's trading session.

user avatarArif Mukhtar

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.