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Legion
Legion
Legion is a crypto-native fundraising platform that provides users with access to early-stage investment opportunities, such as pre-token sales and Initial Coin Offerings (ICOs). The platform operates on a merit-based system, utilizing a proprietary "Legion Score" to determine allocation eligibility, aiming to democratize access to investments traditionally reserved for institutional or well-connected individuals. Legion's stated mission is to create more transparent, equitable, and efficient capital markets within the cryptocurrency space, using the slogan, "Invest like an insider." [1]
Overview
Legion was developed to address what its founders perceive as systemic flaws in both legacy and nascent crypto investment landscapes. The platform's philosophy is articulated as a response to a "broken" system where access to high-potential opportunities is limited, information is often opaque, and exit options for early investors are scarce. The project positions itself as a forward-looking solution, aiming to build "capital markets for 2035" founded on principles of meritocracy and transparency. [1]
The core problems Legion seeks to solve are multifaceted. First is the issue of limited access, where the most promising early-stage deals are systematically kept from the general public and funneled towards institutional investors or those with extensive personal networks. Second is information asymmetry, a condition where insiders possess a significant advantage due to access to non-public information, forcing retail investors to make decisions with incomplete data. The third problem is illiquidity; early investments in private companies or token sales often lock up capital for extended periods with no clear path to a secondary market, creating significant risk and opportunity cost for investors. [1]
Finally, Legion explicitly addresses what it terms unethical practices within the crypto industry. Through its "crypt-ode," the platform expresses a commitment to moving beyond issues such as "predatory VCs," "back door dealings," "scammers," and the general "exploitation" of retail participants. In place of this established model, Legion proposes a new standard based on merit over connections. Under this model, a user's track record and verifiable contributions to the ecosystem are the primary determinants of their access to investment opportunities, rather than their wealth or personal network. This is coupled with a commitment to transparency, where the platform aims to provide all investors with the same level of information, including automated disclosures and real-time on-chain metrics, to level the playing field. Legion also focuses on curating and offering high-potential deals that would typically be inaccessible to retail investors and prioritizes token sales for projects that have a near-term Token Generation Event (TGE), ensuring that investors have a clearer and faster path to liquidity for their assets. [1]
Core Technology and Features
The Legion platform is built around a set of features designed to facilitate a merit-based investment ecosystem. The central component of this system is the Legion Score, which is complemented by a curation process for investment opportunities and features that encourage community building among its users. [1]
The Legion Score
The Legion Score is the proprietary, quantitative metric at the heart of the platform's allocation mechanism. It is designed to function as a digital resume, measuring a user's merit, expertise, and contributions within the Web3 and broader technology ecosystems.
A higher Legion Score directly translates to an increased probability of securing an allocation in the token sales hosted on the platform, thereby replacing traditional wealth or network-based access with a system based on proven value. [1]
To generate their score, users connect a variety of their Web2 and Web3 accounts to the Legion platform. The system analyzes the activity on these connected accounts to build a comprehensive profile of the user's skills, engagement, and on-chain history. This data-driven approach allows the platform to algorithmically assess a user's potential value to a project's ecosystem. The supported integrations for score calculation include:
- Web2 Social and Development Platforms: Accounts such as X (formerly Twitter), Discord, Telegram, and GitHub can be connected. Activity on these platforms may demonstrate a user's community engagement, influence, or development contributions.
- Web3 Wallets: Users can connect crypto wallets from various ecosystems, including MetaMask (EVM), Phantom (Solana), and Rabby. This allows the platform to analyze on-chain activity, transaction history, and asset holdings as a measure of a user's experience and participation in the crypto economy. [1]
Platform Features
Beyond the score, Legion offers a suite of features for its user base of investors, builders, and operators. These features are designed to create a comprehensive fundraising and investment environment.
Curated Investment Opportunities
Legion provides its users with exclusive access to early-stage investment rounds for crypto projects. The platform vets projects before listing them, focusing on those that are typically difficult for retail investors to access. This curation process is a key part of Legion's value proposition, as it aims to filter for quality and potential. [1]
Value-Driven Entry
The platform emphasizes that access to these curated opportunities is determined by a user's Legion Score, not their net worth or social connections. This approach is intended to create a more equitable system where individuals who actively contribute value to the digital ecosystem—such as developers, community managers, researchers, and content creators—are rewarded with investment access. [1]
Community and Network Building
Legion aims to be more than just a fundraising portal by fostering a community of "operators, builders, and value creators." The platform is designed to connect these different participants, creating a network effect where high-value individuals can collaborate and support the projects they invest in, moving beyond a purely financial relationship. [1]
Ecosystem
Legion's ecosystem is composed of its investors, partners, and the community of users on the platform. The project is supported by a wide range of venture capital firms, crypto-native companies, and notable angel investors, in addition to its strategic partnerships across the industry. [1]
Investors and Backers
The platform has secured funding from a consortium of institutional and angel investors, indicating significant support from established entities within the venture capital and cryptocurrency sectors.
Institutional Backers
Legion's institutional investors include:
- Alliance DAO
- Bitscale Capital
- Blockchain Builders
- Brevan Howard Digital
- Coinbase Ventures
- Crypto.com Capital
- Cyber Fund
- Delphi
- GSR
- IDEO Colab Ventures
- Kraken
- LongHash Ventures
- Optic Capital
- Systemic Ventures
- VanEck[1]
Angel Investors
The project is also backed by several prominent individuals and entities from the crypto industry:
- CoinGecko (as an entity)
- Alex Svanevik
- Jai Prasad
- Jon Wu
- Maggie Love
- Max Bronstein
- Mike Dudas
- Piers Kicks
- Ryan Watkins
- Shane Molidor[1]
Partnerships
Legion has formed strategic partnerships with various organizations across the crypto landscape to enhance its ecosystem and provide value to its users and listed projects. Notably, some of the listed partners, such as Kraken and GSR, are also investors in the platform. The list of partners includes:
- Arbitrum
- Bluprynt
- Cookie DAO
- Delphi Labs
- GSR
- Kraken
- Metalex
- Secondlane
- Solana[1]
Security
Legion emphasizes a strong security posture, making several resources publicly available to ensure transparency and trust. The platform's security measures include professional audits, a bug bounty program, and a formal security policy. These initiatives are designed to protect the platform and its users from potential threats and vulnerabilities. [1]
Audits and Bug Bounty
To ensure the integrity of its smart contracts and infrastructure, Legion has undergone security audits, the results of which are publicly accessible for review. These audits are located in a dedicated GitHub repository, allowing for community and expert scrutiny of the platform's codebase. In addition to proactive audits, Legion maintains an active bug bounty program. This program incentivizes independent security researchers to discover and responsibly disclose potential vulnerabilities in exchange for financial rewards, creating an ongoing layer of security defense. [2] [3]
Security Policy
The platform has a formal, public-facing security policy document that outlines its procedures and commitment to maintaining a secure environment. This document provides users and partners with insight into the platform's security practices and protocols. [1]
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