Legion, describing itself as a “merit-based ICO platform,” has emerged from stealth and announced a $2 million raise from founders, accelerators and angels. Backers include Cyber Fund, AllianceDAO, Delphi Labs, CoinGecko, Mike Dudas, Alex Svanevik, Peter Smith, Maggie Love, Jon Wu, Ryan Watkins and LongHash. According to the team: “The platform plans to become MiCA compliant and provide investment access to non-accredited investors. By ranking investors by merit (on-chain and off-chain reputation), rather than net-wealth, Legion says teams can build higher quality communities, and short-term holders are disincentivized.”
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