The token presale for Solstice ($SLX) on the Legion platform is set to conclude tomorrow at 9 PM. The presale offers 5% of the total tokens, aiming to raise a hard cap of $6.5 million, equating to a fully diluted valuation (FDV) of $130 million. Tokens will be unlocked 50% at the Token Generation Event (TGE), with the remaining 50% unlocking linearly over three months. Solstice, known as the largest native stablecoin on Solana with a total value locked (TVL) of $328 million, ranks 12th among Solana protocols. The FDV of projects ranked above Solstice exceeds $130 million, suggesting a strong fundamental backing for the valuation. The presale has sparked discussions about Legion's allocation method, which uses a scoring system rather than a first-come, first-served approach. This system aims to provide fairer access to quality projects for individual investors based on their knowledge and contributions, while helping projects build a committed community. Legion has received over 600 applications for the presale.
Solstice Token Presale on Legion Platform Nears Conclusion
This content is for informational purposes only and does not constitute investment advice.
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