Crypto networks are meant to be decentralized, community owned systems. But they’re turned out to be dominated by whales and to have more mercenaries who are just interested in getting free tokens to dump them, rather than having long-term believers who want to build the ecosystem. How can tokens be launched in a way that gets token holders aligned with long-term success?

Today’s guests, Mike Dudas, founding partner of 6th Man Ventures, and Matt O’Connor, co-founder of Legion, believe there’s room for improvement. In this episode, they share how Legion aims to reshape the process, focusing on fair distribution, incentivizing organic user growth, and building loyal communities. They explore Legion’s approach to token sales, its compatibility with regulatory frameworks, and why it might be the key to bringing new people into crypto.

Show highlights:

How Legion was born and what its main goal is
The problems with how token launches currently work
Why projects don’t want to return to the ICO model
Whether the criteria to earn a better reputation on Legion is gameable
How Legion actually works and what the role of KYC is
What type of regulatory framework Legion is leveraging
How MiCA’s rules for token offerings allowed for this type of project to emerge
Whether the U.S. should follow Europe in establishing a crypto framework like MiCA
What the business model of Legion is
What the difference is between Legion and other similar platforms such as Cobie’s Echo
Whether token sales is a better distribution mechanism than airdrops

Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com

Thank you to our sponsors!

Guests:

Mike Dudas, Founding partner of 6th Man Ventures
Matt O’Connor, Co-Founder of Legion
Matt’s open source publication: Tokenomics for Builders

Links

Timestamps:

00:00 Intro
01:49 How Legion was born and its main goal
05:33 What’s wrong with current token launches?
11:13 Why projects avoid the ICO model
13:37 Can Legion’s reputation system be gamed?
26:18 How Legion works and the role of KYC
35:23 The regulatory framework behind Legion
39:06 How MiCA enabled this type of project
44:09 Should the U.S. adopt a framework like MiCA?
46:32 What is Legion’s business model?
50:28 How Legion differs from Cobie’s Echo
53:18 Are token sales better than airdrops for distribution?

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Is There a Better Way to Launch Tokens in Crypto? - Ep. 730 01:01:24 Share

Unchained

How Did Legion Come to Life and What Is Its Main Goal?

What Are the Problems with Current Token Launches?

Why Do Projects Avoid the ICO Model?

Can Legion’s Reputation System Be Gamed?

How Does Legion Work and What Role Does KYC Play?

What Regulatory Framework Supports Legion?

How Did MiCA Enable Legion’s Project?

Should the U.S. Adopt a Framework Like MiCA?

What Is Legion’s Business Model?

How Does Legion Differ from Cobie’s Echo?

Are Token Sales Better Than Airdrops for Distribution?

Shownotes Transcript

Is There a Better Way to Launch Tokens in Crypto? - Ep. 730