YieldBasis will debut as the first-ever Legion x Kraken sale, but it will come in two phases: merit-based presale (Legion only), and then first-come-first-served (both Kraken & Legion).
This collaboration sets a new gold standard for fundraising: global reach, merit-based access and instant tier-1 CEX liquidity upon TGE.
Phase 1: Merit-based presale
Up to 20% of the total allocation will be reserved as presale access for users with an active Legion Score on legion.cc
The YieldBasis team will select participants through a merit-based process that values contributions, expertise and alignment with the project.
Phase 2: First-come, First-served (FCFS) Sale
After the presale allocation runs out or when the timer ends (whichever comes first), the remaining allocation will move to the first-come, first-served (FCFS) sale through both Legion and Kraken Launch. When this pool sells out, the sale closes. The token will be available for trading on Kraken shortly after the sale concludes (details TBA).
How to participate in Merit-based presale
September 29, 10am EST / 2pm UTC: Merit-based presale access opens
Presale access will open 48 hours before the first-come, first-served (FCFS) sale begins.
This phase will be similar to previous raises on Legion. After creating an account on Legion and generating your Legion Score, you will be able to participate in deals.
The YieldBasis sale will be based on a pre-deposit system.
This means that you would need to deposit your USDC beforehand on Ethereum mainnet.
Submit your application for review by the project team. There will be three possible outcomes for your application.
You receive full allocation. Congratulations!
You receive partial allocation. Any unspent USDC will be refunded right after the sale.
You receive no allocation. All your funds will be refunded right after the sale.
Presale access will close when the allocation is exhausted or 1 day before the FCFS sale begins, whichever comes first.
How to participate in First-come, First-served (FCFS) Sale - *IMPORTANT UPDATE*
October 1, 10am EST / 2pm UTC: FCFS sale opens on Kraken and Legion (now Kracken only).
Once presale access has closed, the remaining allocation will be open for everyone. This pool is FCFS, meaning speed matters. Be ready to act fast in order to maximize your chances of securing an allocation.
Important update regarding the YieldBasis Sale!
Given concerns about the FCFS sale on Legion and overwhelming demand for the merit-based sale, we have listened to community feedback and will move all allocation on Legion to the merit based sale.
The total sale remains $5M, with the following updates:
Legion merit-based sale is increased from $2M → $2.5M
The remaining $2.5M will be available in the Kraken FCFS sale only
There will be no FCFS on Legion (that allocation was shifted into merit-based)
Responses to applications will begin to go out, and all applications will be processed before the Kraken FCFS sale opens.
Why this matters:
More allocation for merit-based applicants
All Legion applications will be processed before Kraken FCFS opens
More tokens for real users, fewer bots
Avoids “gas wars” (over 20 ETH was spent applying for merit allocation)
We’ve seen insane demand and incredible quality from applicants. This is the fairest path forward, and ensures real community members are rewarded.
Stay ready for the Kraken FCFS sale at 2pm UTC.
See you on September 29th (presale), and then October 1st (FCFS).
And if you haven’t yet, sign up on
Sale not for UK persons.