RE: Legion X - The Worlds First Multi-Cryptocurrency Index Coin

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Legion X - The Worlds First Multi-Cryptocurrency Index Coin

in bitcoin •  8 years ago 

I like the idea of a currency which derives its value from the aggregate values of other currencies. That said, I'm skeptical of the effectiveness of the ICO method (let alone a pre -ICO) being deployed for a coin whose value proposition is derived from already well-established crypto markets.

It seems like this might be jumping the gun if the coin has no intrinsic value or other practical usage.

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We use the term ICO, but it will not, as you can imagine, be held as a traditional ICO since this is more of a fund. We use the term ICO, more for the purpose of having an "Introduction to the World". Being that the company only profits from a small management fee, we hope to pull the MK of the fund as high as we can, and as quickly as we can.