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 isThe problems with how token launches currently work Why projects don’t want to return to the ICO modelWhether the criteria to earn a better reputation on Legion is gameable How Legion actually works and what the role of KYC isWhat type of regulatory framework Legion is leveragingHow MiCA’s rules for token offerings allowed for this type of project to emergeWhether the U.S. should follow Europe in establishing a crypto framework like MiCAWhat the business model of Legion isWhat the difference is between Legion and other similar platforms such as Cobie’s EchoWhether token sales is a better distribution mechanism than airdropsVisit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.comThank you to our sponsors!PolkadotMantleRobinhood & ArbitrumGuests:Mike Dudas, Founding partner of 6th Man VenturesMatt O’Connor, Co-Founder of LegionMatt’s open source publication: Tokenomics for BuildersLinksUnchained: Legion Launches New Tool to Identify Best Contributors in Crypto FundraisesLegion WhitepaperTimestamps: Learn more about your ad choices. Visit megaphone.fm/adchoices