Token Sales
How do sales work on Legion?
- Sales are not first-come-first-serve
- Users from eligible jurisdictions can submit applications
- You specify a specific amount (e.g. $1000) you're willing to purchase tokens for.
- Projects review applications and decide who gets allocation
- If accepted, you'll be approved for the specific amount (e.g. $1000) you provided when applying for the project.
You use Legion's app to deposit funds through audited smart contracts - Ensure the network specified for the deposit is Ethereum (L1) unless otherwise stated.
You must deposit the amount you are approved for. You cannot deposit less or more. If approved for $1000 for example, you have to deposit exactly $1000. Deposits made on incorrect networks cannot be processed, so double-check the network on your wallet and Legion app.
How are tokens distributed?
- For liquid token sales: Team deposits tokens, and you can withdraw them to your wallet
- For pre-liquid sales: You sign a SAFT/TPA, and tokens are distributed at TGE (Token Generation Event)
What wallets can I use?
- Legion provides non-custodial embedded wallets
- These wallets can be exported to external wallets like Rabby
- Neither Legion nor the wallet provider has custody of funds or access to private keys
What tokens are accepted for purchases?
- Token requirements are set by each project
- Most commonly USDC on Ethereum L1
- Always check the specific requirements in the app for each sale
How do I correctly deposit USDC?
Always confirm the network indicated in the deposit chain column (typically Ethereum L1).
Deposits intended for Ethereum (L1) cannot be processed through alternative networks like Arbitrum One.