Legion: The Return of ICOs

Legion aims to bring back ICOs and improve on the current market structure. The current market structure involves raising significant amounts of venture capital, running points programs or incentives, negotiating with centralized exchanges, and engaging with market makers. However, this system lacks community involvement and accountability, leading to poor outcomes for retail investors and hindering project growth. Legion aims to solve these issues by providing regulatory compliance, handling KYC, and ensuring investor reputation and accountability. This allows projects to distribute tokens to a valuable community and build a strong network from the early stages. Legion is focused on market and crypto assets regulation, particularly in the European Union (EU). The main goal of Legion is to ensure appropriate disclosure and investor protection in the crypto market. They aim to remove information asymmetry and make crypto assets more accessible. Legion is aligned with the Mika regulation, which allows projects from anywhere to raise funds from European citizens. The Legion score is a reputation-based metric that maximizes value add per dollar raised. It considers factors such as social influence, developer activity, on-chain activity, and endorsements. The ultimate vision for Legion is a world where projects are born and raised on the platform, with widespread community involvement and decentralized decision-making.

José’s Twitter: https://x.com/ZeMariaMacedo
Fabrizio’s Twitter: https://x.com/D0itdifferent
Matt’s Twitter: https://x.com/mattyTokenomics

Chapters

00:00 Introduction to Legion and the Goal of Bringing Back ICOs
05:07 The Current Market Structure and its Issues
12:18 The Importance of Community Involvement and Accountability in ICOs
17:01 The History of ICOs and Why They Went Away
23:47 Issues with ICOs and How Legion Solves Them
30:23 MECA and Regulatory Compliance in ICOs
30:52 Market and Crypto Assets Regulation
39:38 Legion and Mika
40:37 The Legion Score
51:37 The Importance of Community
54:16 The Vision for Legion