Legion Launchpad

Legion is an ICO launchpad, called among some of the crypto community members a “CoinList killer.” 

The current crypto market encounters two main issues when it comes to the token sale:

1. The retail investors are not interested in participating in token sales and even if they do, they quickly sell their share of tokens, not to be “exit liquidity” and prevent losses associated with the dumping of the project valuations by the private investors, who have artificial profit upsides.
2. As a result, top tier projects, unable to attract enough attention among retail investors, are fully turning into VC funding, creating a “low initial MC - high FDV” issue to benefit them, which further diss-attracts retail investors from purchasing their tokens and participating in token sales. 

Such problems lead to an unending spiral where retailers are now getting out of the market, with all the upside potential now being collected via VCs and crypto funds. This problem is well-explained in this article by Cobie

Legion launchpad aims to solve this issue by introducing a merit-based, or “reputation-based” system where it tracks the users’ on-chain and off-chain activity, thus conducting scores for every retail investor on the platform. The score is the heart of the platform, representing an indicator of “potential value” that a specific user could bring to the crypto startups and acting as a main criterion for web3 projects to distribute token sale allocations among users.

Following its pioneering points-based system, it offers a win-win strategy for every role of the crypto market, including:

• Web3 startups: With the implementation of a score-based system, the projects are now able to set the level of quality for retail investors they invite to their sales. As a result, public token sales become an attractive way of not only collecting funds but also gaining exposure, building community and fairly launching tokens;
• Retail investors: As the meta of the public token sales returns, the retail will be able to access high-quality blockchain projects at an early stage again based on their commitment rather than a net worth
• VCs: As projects start to gain more qualitative community support, it will enable venture capital to invest in the more fundamentally strong crypto projects, thus decreasing risks of portfolio company failure, and allowing crypto funds to invest more for the long term. 

Discover more info about the Legion launchpad approach in its whitepaper.

Considering growing attention towards the Legion among the crypto community, the CoinLaunch team conducted comprehensive research on the launchpad and found some notable pros and cons to consider before joining its token sales:

✅ Legion pros:

• Great concept and design with an innovative approach to conducting token sales may attract a lot of attention among the crypto community in the future;
• No “staking” is required to participate in sales;
• Medium project support and social influence score, with the potential to improve these metrics as the platform matures;
• Diverse range of services offered to the web3 projects;
• Solid network of backers, supporting the launchpad itself, and potentially may become its first intersection of funds supporting future launching projects. 

❌ Legion cons:

• As the launchpad is new, there is no record of ROI and ATH ROI of the launched projects, since none of them haven’t completed TGE yet;
• No unicorn-launched projects, but Fuel Network may become the first one;
• Small number of Regions of Influence.