Legion Launches New DApp Token Using Sekuritance As A Compliance Partner

Disrupting the DApp world, Legion is partnering with the compliance solution provider Sekuritance to launch its $LGX token on the Binance Smart Chain (BSC) on February 17th, 2021 at 14:00 UTC. Contributing currencies will be in the form of USDT BEP20 and BUSD. The IDO will be occurring on the new Sekuritance Portal.

Core Elements of the Ecosystem

Legion Network is the first super Blockchain ecosystem that combines the best services of the industry into one Super App. An Ecosystem that combines NFT’s, Metaverse, Play2Earn, Watch2Earn all within a SuperApp.

The ecosystem consists of:

  1. The Legion SuperApp
  2. Bluemoon: the world’s first collaborative NFT Marketplace with an integrated social metaverse
  3. Arcadia: a GameFi Play to Earn platform with an arcade of competitive games.
  4. Legion Rewards: Community engagement platform that allows users to earn NFT’s , Crypto & Prizes.
  5. Empower: Watch2Earn Platform with high quality courses on Legion Network and Blockchain projects.

The Legion Network differs from other platforms as it encompasses the best services in a user-friendly Superapp. Legion also allows users to have an active communication, collaboration, and commitment between developers, creators, entrepreneurs, and influencers. Gamers can participate to earn weekly rewards, or you can try the ‘Learn to Earn’ concept on the Empower Academy offered in the super-app. The Legion Network has been built as a community-centred platform, and it’s a game-changer, offering a myriad of opportunities for everyone, be it for learning or earning.

A Collaborative NFT Platform and Metaverse

Bluemoon is the first collaborative NFT marketplace with an integrated social metaverse. Users are able to; transact in the metaverse itself. Users are also able to swap, rent and compare, to name a few features. The platform has a gamification feature that unlocks additional perks and benefits by engagement and interacting on the marketplace. Legion network is also launching a fully developed VR metaverse. Users are able to purchase the VR rooms and showcase their own NFTs inside the metaverse.

Contests can be created by brands, influencers, and entrepreneurs to request and crowd source NFTs for new creative concepts for ad visuals, brand identity and community engagement.

Empower Academy

An easy-to-use online ‘watch to earn’ education platform with a myriad of seminars and lectures structured in a clear and precise way. Users will soon be able to apply to list their own online courses, workshops, podcasts with additional gamification features.

Play to Earn Gaming and Rewards

‘Arcadia’ and ‘Legion Rewards’ is a state-of-the-art community-driven platform where members will be rewarded for taking part in gaming contests and for completing tasks.

‘Daily Challenge’ is a skills based platform where users have 5 turns to compete for the top 20 places where winners will share from the prize pool. There are currently 5 games in arcadia, more will be added every month.

Below is a summary of the token and the project provided kindly by Legion themselves:

Token Benefits

The Legion token will be at the core of Legion Network’s entire ecosystem. Legion token holders will earn rewards and get premium access to all of their platforms by staking and then locking away the token for a certain period of time.

This makes sure a real use case for the token as well as increasing demand in the long term.

Rewards will include staking rewards, lower transaction fees for Bluemoon and access to its additional features, access to all Bizpad apps and in-game purchases on Legion Arcadia.

By participating, you open yourself up to a whole host of opportunities and the $LGX token is a big part of that.

Summarised use cases:

  • Lower transaction fees for Bluemoon
  • Access to additional Bluemoon features
  • In-game purchases on Legion Arcadia with LGX
  • Revenue from in game purchases/in game ads will be used to buy back LGX
  • Staking rewards
  • Higher tiers for Legion Launchpad (Launching 2022)
  • More use cases will be added as the ecosystem expands.

Staking LGX

There are several staking ranks for the token ranging from ‘Silver’ to ‘Legend’ — below is a rundown of each rank, and the perks it opens to you.

Arcadia: Unlimited turns on Daily Challenge, Access to Bizpad, Level 4 on Legion Launchpad, Additional Bluemoon perks, 3 features on Legion Rewards, VIP Member Pass

A Mission to Change the World

So how are Legion empowering creatives and changing the world? By developing this blockchain-based ecosystem to connect them and help them unleash potential using cutting-edge technologies. Currently, only a small percentage of individual creators earn from NFTs, including private collectors, speculators and Decentralised Autonomous Organisations (DAOs). But the field is wide open and there is huge scope and potential.

Legion Network has a vision to introduce new categories of NFT buyers into the picture. These include renowned brands, celebrities, influencers and game developers, to collaborate and engage with their audiences, generating art and boosting popularity.

Developers can crowdsource their design concepts down to creating new skins and weapons for their players. The greatest aspect of this is that all of these developers can benefit from NFT technology and work without fear of anyone stealing their ideas and creations.

Legion Network Liquidity Token Offering Details

Legion Network’s IDO will be released at a public price of $0.075. Right after this IDO, Legion Network will be performing a public launch on their app at $0.15. The $LGX token will be available to acquire on PancakeSwap right after TGE (Token Generation Event). Over 2022, Legion Network will work with partners to expand trading options with plans to include other centralised exchanges, as well as other DEXs.

There are a total of 1 billion $LGX tokens which will be distributed as:

  • 30% Community Rewards
  • 20% Ecosystem Development
  • 15% Core Team
  • 12% Public Sale
  • 10% Advisors/Partnerships
  • 8% Private Sale
  • 5% Foundation

Contribution currencies for the IDO will be in the form of USDT BEP20 and BUSD.

Participation and Allocation

We were informed that anyone is eligible to apply for participation in the $LGX token offering granted they meet jurisdictional restrictions. However, the application does not guarantee an allocation.

If the $LGX token offering becomes over-subscribed (due to pledges exceeding the $500,000 hard cap), priority allocations will not be given and will be split accordingly.

A token multiplier might be issued for certain $SKRT holders, based on their tier level within this IDO.

Step-By-Step Guide

  • Just to be on the safe side, all new users on Sekuritance should go to portal.sekuritance.com, sign up and pass our onboarding process by visiting the ‘My Profile’ section and verifying yourself, before taking part in the IDO to save the time and hassle on waiting for your KYC verification, this will help get things to run more smoothly, will give you peace of mind that when the IDO begins, you’ll be able to take part the second it opens. Once it launches you may find the Legion Network launch under the ‘Token Onboarding’ section and you may take part.
  • **NOTE** If your KYC has already been approved in Sekuritance’s System, you do not have to upload an ID card, Selfie, or Proof of Residence documents, as they are already stored in the system.
  • If you have not previously been approved with the KYC provider, Sekuritance, please have the following documents handy as you will be asked for them: Proof of identity (Passport, Drivers Licence, or Government-issued ID card) including clear, complete photos of both the front and back of the ID card (or both the front cover and photo page of the Passport). Also, a selfie with the proof of identity document and a note reading “Legion Network — the first Blockchain ecosystem”.
  • Before participation in the Legion Network token offering, you will need to create an ETH chain web3 wallet (MetaMask works perfectly) so that this address can be provided during the application process on our portal. Applications that do not include a valid wallet address will be denied, this will be where the user transfers the USDT BEP20 or BUSD to pledge for the IDO.
  • Before participation in the Legion Network token offering, you will need to create a BSC web3 wallet so that this address can be provided during the application process on our portal. Applications that do not include a valid BSC wallet address will not receive the $LGX tokens.
  • On 25/02/2022 14:00 UTC, the portal will close. There will be a waiting period of up to 48 hours as the Legion Network team finalises internal processes. *This is subject to change.
  • Approved participants will be contacted by Legion Network via email with allocation details and payment instructions and they will have 24 hours to send the funds. Note: This message will include important details and additional steps required to receive tokens so be sure to read it carefully.
  • Legion Network stated that 5% of the tokens will unlock on the (token generation event) TGE, with a 15.8% Monthly Release.

What Should I Do to Prepare for the Offering?

Learn More About Legion Network

To learn more about Legion Network, click the links below:

Who Can Participate in the $LGX Token Offering?

Anyone not domiciled in the USA or UN-sanctioned countries can participate in the Legion Network token sale.

Prohibited countries* to participate in the IDO are the following: Albania, Bosnia and Herzegovina, Burma, Belarus, the Democratic Republic of the Congo, Central African Republic, Congo, Côte d’Ivoire, China, Cuba, Iraq, Iran, Democratic People’s Republic of Korea, Dominican Republic, Lebanon, Liberia, Libya, Moldova, Macedonia, Myanmar, Serbia, Somalia, South Sudan, Sudan, Syrian Arab Republic, United States Minor Outlying Islands, United States of America, US Virgin Island, Venezuela, Kosovo, Yemen, Zimbabwe.

* The prohibited countries list was selected by Legion Network. If your country is listed, this does not mean you are not eligible for future Sekuritance Launchpad projects so keep an eye.

** Launchpad dates are subject to change.

This article is not advice, endorsement, partnership or an offer for investment by Sekuritance. Sekuritance is a RegTech outsourcing partner and services provider — we provide our compliance services and solutions to Legion Network in accordance with their specific instructions, requests and their internal compliance policies and procedures. We have not, in any way, analysed the legality, verified or vetted Legion Network’s token and/or their white paper and we are and cannot be held responsible for the success of this project. We are not a regulated cryptocurrency exchange (virtual asset service provider), so our participation is limited to providing the necessary compliance tools as an outsourcing partner, whereas Legion Network is conducting this exchange offering on its own and/or with the participation of virtual asset service providers.

Digital assets carry a high level of risk. Participation in exchange offerings is performed at your own risk. Exercise caution and conduct your own due diligence.

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A CeFi and DeFi RegTech ecosystem delivering top compliance, regulatory, transaction monitoring and identity management to merchants and individuals!

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