The Legion token was started as a way to get more people involved in the BRO economy. It became apparent to us that by only having 69,000 tokens aimed at men then this was closing some gaps and crucial opportunities to involve others.
This is why we created Legion.
"I am Legion, for we are many"
Meaning that the requirement to entry is all that you need to be is a participant in our ecosystem. That's it, that is all. We created Legion for everyone. Legion was borne out of all the good things we did with BRO in the previous years and the mistakes that we had learned from it on our endeavours. This is why we have opened up the floodgates to early investors before the real building begins.
This time around we will be primarily aiming our Legion marketing towards the novice investor, people that are beginning to dabble their toes in cryptocurrency, and those that want to start pulling themselves out of the hole of the current financial system. Of course, we want old and experienced investors to buy too however we will expect them to know of us through our track record in the work that we do.
This means that our plan going forward will be looking at onboarding. I have looked at most of the other projects on hive and what they are doing and it seems that the path going forward is to just get users on board and using our services. We will be targeting new investors to the system.
There is a real shift going forward in the next five years, and as we seen institutional investment come into the cryptosphere in 2021 and onwards, we think that in the next five years we will see traditional finance moving into our sector also. That means we'll be looking at the onboarding process in depth and aiming our services at People that really haven't touched on our sphere yet but would like to try.
There are benefits to onboarding with Legion too of course in that we are a supportive community. Holding with us is like investing in a central point of hive where you get exposure to most things happening. We are like a hub of activity from all the goings on in the space.
Building a Strong Financial Future
The reason Legion isn't making any serious moves right now is that we are building a slow but sustainable income system for the future. The idea is at first to become financially sound before we make any advances into building anything. I say this because one thing we experienced with BRO is that we started to build outwards early last year and then the bull market ended leaving us quite short in resources. We wont be making that mistake again and we will be making sure that we protect ourselves from that type of financial downfall.
Thankfully most of us here have already learned this through quite the process of trial and error over the last 6-10 years depending how long they have existed in the sphere. We plan to bring that knowledge with us. There is a reason we are targetting newcomers to the chain and that is because we understand deeply the kind of mess that someone can find themselves in within the confines of the crypto sector. There are no second chances here. When it's gone it's gone.
Our token is two fold right now. On one hand we hope to be a safe bet. A safe place to park your investment. You can swap your tokens into Legion knowing that you will get them back out again. We plan to create a security of liquidity for investors, something that hive engine tokens rarely posses. We are currently working on stability right now and plan to have something formed in the next few months.
The second fold is that we plan to be a utility for the mancave. Legion will be a token that rewards you many times over with the utilities and financial opportunities we hope to build for you in the next ten or so years. Each passing year will get better as more people, and more importantly, developers, will slowly migrate to hive. We have lots of plans to build, and also lots of time to put it into practise.
We can't however keep you safe completely though. A large part of the process will have to come from your own learning journey. As we build slowly, and as more and more opportunities are presented to you, we hope that we will have built enough sound knowledge around you to make better and more sincere decisions.
Freshly pressed over at my website here: https://brofi.io/news/bro/legion-token-building-a-strong-financial-future-without-the-jargon
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So people are investing in these tokens as a way to make more money? So it's a unregistered security?
No. These tokens build your hive. Nothing about money
good to know thank you