đEconomy Overview
Legion is powered by the $LEGION utility token and the NFT Collection.
Last updated
Legion is powered by the $LEGION utility token and the NFT Collection.
Last updated
There's only 1 tier for $LEGION token holders to gain access to the exclusive Discord Chat and unlock our deal flow. You need to stake 100,000 $LEGION tokens, join our Discord Server, and go to #verify-token-nft. You'll need to connect the wallet you have used to stake the $LEGION tokens with Collab.Land for access.
Our token economics form a truly closed-loop economy that perpetually generates value for the platform and its users. Unlike most platforms, all gains created by the running of the platform (both transaction fees and investment revenue) are circulated back into the system while rewarding a loyal user base.
platform transaction fees on all trade and investment transactions (5% for trading and 10% for investing)
revenue from the Community and LV Fund
revenue-share payout to NFT and $LEGION token holders
a deflationary buy-back and burn mechanism from the OTC Trading fees
rewards & incentive programs
The Investment Fees (5%) will go to the Community Fund as Platform fees, and will receive 50% of all revenue generated by investing in the projects on the Legion platform. The OTC Trading Fees will 100% be dedicated to buying & burning the $LEGION token, creating a deflationary supply. More trades -> more fees -> more $LEGION burnt.
The Community Fund is governed by the NFT holders through the Council.
Initially, The Community Fund will start distributing the revenue back to holders. Once the Council has been formed, it can change the use of funds for other purposes. A few examples are listed below: - Cover the loss of any failed investment, - Invest in new projects, - Extra buyback and burn of $LEGION tokens or LV NFTs etc.
The Legion platform offers vetted, early-stage deal flow and a marketplace for unlisted airdrops. Everyone will be able to trade, while NFT holders can also invest and participate in future governance, with voting power proportionate to their NFT holdings.
Historically, it has been challenging for the average investor to maintain liquidity while their funds are deployed and awaiting a return, often for many years. Upon investing, you can trade parts or your total investment to willing buyers, always ensuring liquidity.
This is a transactional tokenomics model, where value accrues to the platform and, ultimately, to the token and NFT holders. Transaction fees will enable the platform to grow and reward a loyal user base for their contributions and performance.
