Legion, a self-described “merit-based ICO platform,” has come out of stealth mode and announced a $2 million funding round from founders, accelerators, and angel investors. Supporters of Legion include Cyber Fund, AllianceDAO, Delphi Labs, CoinGecko, Mike Dudas, Alex Svanevik, Peter Smith, Maggie Love, Jon Wu, Ryan Watkins, and LongHash. The team states: “The platform aims to achieve MiCA compliance and offer investment opportunities to non-accredited investors. By evaluating investors based on merit (both on-chain and off-chain reputation) instead of just net wealth, Legion believes that teams can cultivate stronger communities, and short-term holders are discouraged.”
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