How do sales on Legion work? Is it first-come-first-serve?

Legion operates on merit-based community access. Sales are not first-come-first-serve, which means bots cannot snipe opportunities.

When a sale launches, eligible users can submit applications based on their jurisdiction. Each project determines which jurisdictions are excluded.

During application, you specify both a minimum amount (e.g., 500 USDC) and maximum amount (e.g., 10,000 USDC) you're willing to invest. Projects set their own min-max limits for participation.

Once you have submitted your application, we are unable to make any changes. All application submissions are final.

If you withdraw any application, you will not be able to submit again.

After submission, projects review applications to select participants. Projects set their own review deadline, typically at least 48 hours after applications open.

Your application will have one of two outcomes:

1. You are not invited to buy any tokens
2. You are invited to buy a specific amount between your requested minimum and maximum

If invited, you'll use Legion's app to deposit funds into our audited, battle-tested smart contract. You can deposit from an external wallet or from the non-custodial embedded wallets on your 'Wallet' page.

For liquid token sales, the team deposits their tokens and can withdraw the raised USDC to their treasury. You can withdraw tokens to the same wallet address you used for participation.

For pre-liquid token sales, you sign a SAFT/TPA with the team when making your deposit. The team withdraws USDC to their treasury, and at the future TGE, they deposit tokens to the smart contract. You can then withdraw tokens to your participating wallet address.