Legion plans to launch the compliant rights sales feature in the first quarter of next year, promoting the "Token as Rights" model

Foresight News: The co-founder of token sales platform Legion, Matt OConnor, stated at the Solana Breakpoint conference that Legion will launch multiple Solana ICO projects within the next 60 days and plans to introduce a compliant rights sale feature in the first quarter of next year, providing a compliant pathway from seed rounds to public token offerings. Matt OConnor pointed out that the traditional dual-capital structure of “equity + tokens” has caused approximately $250 billion in value destruction over the past five years, leading to VC protection of equity holders while token holders suffer. Legion aims to promote the “Tokens as Equity” model, enabling on-chain native equity issuance, granting token holders cash flow, governance rights, and trading rights, thereby integrating ICOs with IPOs.