Legion, a merit-based on-chain crypto fundraising platform aimed at reshaping early-stage crypto investment, has successfully launched on Arbitrum, the leading Ethereum Layer 2 network, and Solana, a public, open-source blockchain that supports smart contracts, including non-fungible tokens and various decentralized applications. To celebrate its launch, Legion has launched an NFT giveaway event.
Legion Launches A Tensorians NFT Giveaway
In an October 31 blog post, Legion confirmed launching a non-fungible token giveaway to celebrate its launch on the Solana blockchain network. The new merit-based fundraising firm anticipates offering ten Tensorians, a renowned non-fungible token collection featuring a limited supply of 10,000 NFTs hosted exclusively on the Solana blockchain network.
Legion is a new blockchain-based fundraising platform released on October 30, 2024. The platform uses blockchain technology to allow projects to raise capital while allowing investors to assess and support projects based on merit. It leverages blockchain technology to provide a transparent and efficient way for projects to raise capital while ensuring investors can assess and support projects based on merit.
By prioritizing merit, Legion focuses on reviving the collaborative spirit of the early ICO boom. This new fundraising model will allow projects to gain committed communities rather than just large wallets, venture capitalists to access high-quality deal flow, and retail investors to enjoy early opportunities. Legion features a proprietary reputation system, Legion Score, allowing investors to showcase their non-monetary contributions to projects, allowing founders to choose from a pool of value-driven investors.
Legion Fundraising Platform Receives A Warm Reception
Legion has already received a warm reception among the crypto and NFT communities, with many users eager to see the platform redefining fundraising on Solana. The merit-based fundraising platform has launched a campaign to market this new platform. Legion requires users to visit its website to generate their Legion Score. The fundraising platform requires users to share their scorecards on X or Farcaste to increase scores.
Earlier this week, Inifinex, an upcoming decentralized exchange platform under development by Synthetix, successfully amassed over $67 million through a similar on-chain fundraising model. The NFT platform prepared an NFT sale event, which launched and concluded Monday, attracting participation from notable venture capitalists, angel investors, and members from the NFT and crypto communities.
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