PANews reported on August 27 that according to Chainwire, Legion, an on-chain project financing platform, has raised $2 million to develop a reputation-based IC0 platform and plans to become one of the first CASPs compliant with MiCA. The seed round was led by Cyber​​ Fund, with participation from AllianceDAO, Delphi Labs, Coingecko, Mike Dudas, Alex Svanevik, Peter Smith, Maggie Love, Jon Wu, Ryan Watkins, LongHash and others. The platform aims to provide equal on-chain fundraising opportunities for new crypto projects through reputation and accountability mechanisms, especially for non-certified investors. Legion's team has participated in IC0s for several top projects and will use the new financing to build its reputation system while obtaining VASP/CASP licenses to facilitate pre-issuance fundraising and token sales for non-certified investors under MiCA.