We opened the floor to your questions, and as promised, we answered. ICYMI, here’s a quick recap of all the FAQs from our AMA this week:
1. What’s your experience in crypto? How can you ensure the success of Legion?
Words from Anomander: I’ve been in crypto since late 2016. I rode the bull market and made a lot of money, but by early 2018, I lost almost everything — about 95% of my gains. This is a common story in crypto. I stuck around, determined to understand why I lost and how I gained in the first place. I realized the best way to succeed was to invest in projects I believed in as early as possible.
That’s how I started as an angel investor. While working with fintech companies in London, I decided in 2021 that I wanted to give others the same investment opportunities I had. That’s when I founded Legion Ventures, now Legion. Today, Legion has invested in about 200 projects, from nodes to equity. We’ve also launched an NFT collection and incubated a few projects. We’re taking everything we’ve learned and building something better.
The only way to truly make money in this space is to get as close to the insider circle as possible. That’s the goal of Legion — to provide access similar to what insiders have. We don’t just build; we incubate and help other projects succeed. So far, we’ve successfully incubated three major projects, and now you can see their banners in cities. We aim to help others because being profitable in this space is extremely tough.
2. In a landscape where new crypto projects are launched every week, each with its own proposals and innovations, what strategies is Legion implementing to stand out and secure success in the highly competitive market?
We’re constantly seeing new projects emerge, making it nearly impossible to keep up with even 1% of them. The competition is fierce, and capturing attention — especially in the crypto space, where attention spans are short — is incredibly challenging.
That’s why, based on our experience, we’re creating something truly new. Most projects out there are essentially copies of others, with minor tweaks to protocols or layers, yet they claim to be revolutionary. While this strategy might work in Web 2, it’s much harder to stand out in crypto without offering something genuinely innovative.
We’re building two groundbreaking products. The first is Legion — an aggregator of private investments. Instead of investing directly, we buy allocations from VCs, funds, or angel investors and pay them a fee. This approach gives us broader access to a wide range of projects without the need to work with each one directly. This kind of aggregator doesn’t exist in the market right now.
The second is our new mini-app, which will tap into Telegram’s 900 million users. This app is the culmination of two years of development, building on our previous MVP, which you can check out on BNB Chain. The mini-app is essentially Legion V4, an evolved version of our platform that already has 15,000 users and over $13 million invested. But we’re not stopping there — staying ahead of potential competition is crucial for us.
We’re also forming partnerships with key players, including projects on TON, various VCs, angel investors, and meme communities like Retardio and Milady.
In terms of partnerships, we have some projects on TON, and other VCs, angels, etc, and meme communities (such as Retardio, Milady, and a few others) as partners.
3. How do we plan to earn the trust of investors and users, differentiating ourselves from other projects that promise the same?
Trust is earned over time. We’ve been here since 2021 and have experienced our share of highs and lows. Bear markets in crypto are beyond brutal, and the few who survive are the long-term winners. LEGION is one of them. Our track record should speak for itself.
4. How much value can we see in your vision by the beginning of 2025?
By providing real value to our users through the products that we build. Our products enable you to generate more value than before. This can only be achieved if you have a true product market fit.
5. Why are you integrating Ton?
There are plenty of reasons we’re integrating with TON, and it starts with just trying out the TON and Telegram wallet for yourself. Once you do, you’ll see exactly why we’re excited about it.
First off, with 900 million users, Telegram has the easiest onboarding process we’ve seen. Everyone using Telegram is essentially already onboarded to crypto — they just don’t know it yet. The moment someone sends them a token, they get a message on how to activate their wallet, and that’s it. They instantly have their own wallet and can start sending and receiving crypto. It’s seamless, and that’s something the crypto space desperately needs.
Think about it: how do you get users? You start losing people when you mention things like Metamask or other wallets. That’s why we’ve integrated with TON — it’s built directly into Telegram and offers a gasless experience, which makes it even more user-friendly.
TON isn’t new; it was founded in 2018, but it’s experiencing explosive growth this year. There’s a buzz of energy, optimism, and bullish sentiment around it. Everyone we talk to is building on TON, and it’s being compared to the early days of Solana and Ethereum. With so many positives, choosing TON was an easy decision for us.
6. You released the short-term roadmap, but what’s the long-term roadmap?
From our experience, long-term roadmaps are almost never realized, so we focus on short-term goals with clear timelines and deliverables. When it comes to long-term roadmaps in crypto, they’re rarely achieved on time. The issue is that unless you’re certain that the product you’re building will still be in demand years down the line, you’re taking a big gamble. In crypto, trends shift with each cycle, and people quickly move on to the next big thing. Only a few projects get it right by building essential infrastructure that everyone will need, regardless of where the market goes. Think of wallets like MetaMask or DeFi exchanges — they’re still around because they tapped into something universally necessary. But even then, there are multiple competitors in every category.
Teams evolve, trends shift, and markets fluctuate. Everything changes so fast that unless you’re extremely lucky or have a crystal ball, betting on the right product for the future is risky. That’s why long-term roadmaps aren’t always the best idea, unless you’re dealing with a major infrastructure project where you already know exactly what you need to build.
We’re not in that category. We’re building something entirely new, which is why we focus on short-term roadmaps with clear timelines and deliverables. With what we’re developing, we’ll know pretty quickly if we’re on the right track. Once we launch the mini-app, we should see traction — or lack thereof — within a month or two. Then we can start thinking about a more detailed roadmap, but right now, it’s just too early for that. We don’t want to make false promises.
Launchpads and platforms are being created every week, and I’m aware of our unique story. However, with so many larger and more developed projects out there, what will make people choose to invest in ours? Do we have any hidden advantages or strategies that you haven’t revealed yet?
7. Will you be introducing GameFi?
We won’t be introducing games, as we’re not a game developer, however, we will be gamifying the entire platform.
Gamification is essential if you’re building a new app, especially on TON and Telegram. It doesn’t matter what type of app you’re creating — whether it’s infrastructure or something more niche — adding a gamified layer makes it much easier to onboard new users. People are naturally drawn to engaging experiences, and gamification offers just that. Even if users aren’t initially interested in investing or trading, the fun and interactive elements can keep them engaged.
Once they’re hooked, it becomes easier to educate them on more complex aspects of the platform. By integrating gamification from the start, you not only attract users but also keep them coming back. Our Mini-app, for example, includes a mini-game, but that’s just the beginning. Everything we build moving forward will have a gamified aspect, and we’re also exploring ways to bring this to our trading product as well. The goal is to create an engaging and rewarding experience that resonates with users on multiple levels.
8. What are you doing about token price? What is $LEGION’s role in the mini app and whitelabel platform?
The token price dynamics are pretty straightforward. Two key factors come into play here.
First, the overall market conditions play a huge role. If the broader market is stagnating or declining, it’s tough for your token to buck that trend. When people see Bitcoin or other projects dropping while their own project’s token is rising, they’re often tempted to sell, thinking the price will eventually follow the market downturn. It’s incredibly challenging for any single project to rise in value when the whole market is heading down.
However, when the market is on the upswing — say, Bitcoin is up by 10% — it becomes a lot easier for a project to see its token double, triple, or more. That’s usually when we ramp up our marketing efforts, engage in partnerships, and discuss improvements.
The second factor is the token’s integration into our new platform. Right now, token holders can stake $LEGION for APR, but there isn’t much utility beyond that. Once we launch the product and integrate the token for more use cases, you’ll start seeing real price action. As more people buy in and more $LEGION is taken out of circulation, scarcity will drive up its value.
9. Can you open more pools?
Right now, we’re in the testing phase with our pools — some are shorter-term, others are longer-term. We’re actively gathering feedback to understand which ones you prefer and what you want more of. As we move forward and get the mini-app live with the token integrated, we’re planning to introduce a lot more flexibility within the app.
This means you won’t have to request specific pools anymore; the system will be dynamic, letting you choose the pool that fits your needs. Whether you prefer a long-term or short-term staking pool, the app will handle all the calculations for you.
We’re aiming to have this feature available by the end of September. Until then, we’re sticking with the current system, which we know isn’t perfect, but we appreciate your patience as we work on these improvements.
10. The Fundraising product and Whitelabel will also be released this month. Is it our explosion? our ace up our sleeve? How is the bot going to help price/What is $LEGION’s role in the mini app and whitelabel platform?
There’s been some confusion around the V2 and how it differs from the bot. To clear things up, the mini-app, the bot, and the V2 are essentially the same project. From now on, we’ll simply refer to it as the mini-app.
We consider the mini-app version 4 of our platform. It builds on previous iterations, improving on what we’ve done before. You can check out the previous version at app.legion.ventures, which is built on BSE. However, it had some issues — you needed to use multiple tools to get everything to work.
The new mini-app will streamline everything into one place on Telegram. You won’t need to juggle different tools anymore. Everything you need — the wallet, the app center, and more — will be integrated directly into the mini-app.
Regarding price, we totally get where you’re coming from — we’ve been saying it all along: just wait until we release the mini-app, and then we’ll start seeing some real action in the price. The app is a game changer because it’s going to bring real utility to the $LEGION token.
Here’s how it’s going to work: When the app launches, we’ll kick off the fundraising product, probably in about two weeks. The first investment round won’t require the token — this will let us test everything, iron out any bugs, and address any concerns from the community. But after that, the token becomes essential. We’re going to gatekeep our community, meaning you’ll need to buy $LEGION to participate in future deals on the platform. The same goes for trading.
Once the fundraising product is live, it’s going to open up the floodgates. Anyone will be able to start their own community and fundraise for their own platform. This is when the $LEGION token will really start to shine, as more people will be drawn in by its growing utility.
Further down the line, we’re thinking about adding even more utility to the token, like reducing fees on the platform through staking $LEGION. The beauty of it is, users won’t even need to know all the details about Legion to benefit. They can simply go online, create their own community, start investing, and fundraising — without having to dig into the specifics of what Legion is all about.
And when we roll out trading, people who are active traders will be able to reduce their fees just by holding $LEGION. This strategy will spread the token across various communities, driving its demand. Staking $LEGION will also help reduce selling pressure, giving us more control over the token’s price.
In short, this is how we’re planning to take the $LEGION token to the next level, expanding its reach and solidifying its value across the board.
11. So basically my question is concerning the mini-app to be launched soon. Are there gonna be new and innovative features that will drive user engagement? What should we be expecting?
Sure, here’s what we’re building into the mini-app. We’re taking inspiration from the engagement systems used by some of the most successful projects on Telegram, like Blum, Ton Station, and notCoin. We’re not reinventing the wheel here — if something works, why not use it? So that’s our first stage: adopting what’s already proven to work.
But we’re not stopping there. Our second stage focuses on bringing something entirely new to users. We’re building a unique community fundraising platform, and we’re going to leverage it to engage with our communities in ways that haven’t been done before.
To clarify, we’re building two products on Telegram. The first is Legion, which serves as an aggregator of private investments. If you’re looking to invest, you can go through Legion. The second is a white-label mini-app we’re calling Raise.
Raise is a platform that Legion will use, but it won’t be exclusive to us — anyone can use it. If you find a great project and want your friends to invest with you, you can start your own Legion, essentially your own community. With Raise, everyone can start their own fundraising communities for whatever projects they’re passionate about. The platform will be similar to what our Legion mini-app looks like.
Legion will be one of the communities on the Raise platform, but what’s really exciting is that we’re giving other projects the same powerful platform that took us years and a lot of capital to build. New communities won’t have to go through all the trial and error we did.
And here’s the kicker: the white-label solution is free. We’re offering projects their own mini-app to start fundraising, manage their community, and allow users to invest in whatever projects they want — all without relying solely on Legion.
If multiple communities are raising for the same type of project, you, as a user, will be able to see those communities, compare fees, and make informed decisions. This app will bring more competition, visibility, and transparency to the space.
And that’s just the beginning. The platform will also include our second product: trading. Every eligible project you invest in, whether through Legion or another community, will be accessible for trading on the platform. There’s nothing like this out there — a universal platform for fundraising and trading that’s also gamified. While we know our competition is either too expensive or too limited, we’re setting the bar high by being the first to offer something truly comprehensive and engaging.
Despite the current market being quiet, we anticipate a shift due to two key events next month. First, the Federal Reserve is expected to lower rates, which typically prompts increased investment in assets. We’re optimistic that early September will see a market uptick as a result.
Secondly, our mini-app is currently in beta testing with about 30 users providing daily feedback. They’re trying out the mini-game, social features, XP system, and referral system. We’re gearing up to launch the fundraising product in September. Although the market conditions aren’t ideal right now, we’re confident that the timing will be perfect for a major product launch when the market starts to recover.
12. When is the airdrop complete, and when is the token burn happening?
We’ve distributed 5% of our token supply through airdrop campaigns, with all details available on our Medium blog. There are two more weeks of potential airdrop selling pressure before any unclaimed tokens are burned.
That’s all for now, Legion. We’re looking forward to the next few weeks with the upcoming product launch. In case you have more questions, drop us a message on Telegram! We’ll see you at the next AMA 🔥
