English news

Legion Network IDO: All the details

The Legion Network IDO will be conducted on the SpaceSwap Starter platform in two stages on April 18th and 19th. Please find below all the details of the event.

Main information


Project name: Legion Network
Token ticker: Legion Token ($LGX)
Contract address: https://bscscan.com/token/0x9096b4309224d751fcb43d7eb178dcffc122ad15
Total supply: 1,000,000,000
Total raise: $20,000
Total offering amount: 266,666.67
Sale token: $BUSD
Price: $0.075
Sale date: April 18th (main) and 19th (additional)
Vesting info: 10% at TGE; 15% per month after the TGE
TGE date: April 20th
Distribution details: Claim (project website)
Sale blockchain: BSC
Distribution blockchain: BSC
Minimum stake in MILK2: 5,000 MILK2
Maximum stake in MILK2: 20,000 MILK2
Participation slot limit: 100 slots (for the main sale)
Registration principle: FCFS for MILK2 stakers
Participation restrictions: General

Taking into account the size of the total allocation and the maximum number of participation slots for the main sale, the average allocation will be:

  • average allocation: 200
  • minimum allocation possible: 50.38
  • maximum allocation possible: 776.70

Event schedule


Main Sale:
FCFS Registration for MILK2 stakers: April 18th 6:00 UTC — 11:00 UTC (a total of 5 hours)  
Sale for registered users: April 18th 11:00 UTC — April 19th 06:00 UTC 

Flash Sale:  
FCFS Registration for MILK2 stakers: April 19th 10:00 UTC — 11:00 UTC 
Sale: April 19th 11:00 UTC — 13:00 UTC

On the sale page, your allocation will be represented in sLGX synthetic tokens. Their sole purpose is to indicate to you your share of the real tokens, which you will eventually receive from the Legion Network project in a 1: 1 ratio.

Flash sale


A flash sale will take place only if there are tokens left over. This is a good second chance for those who register but for some reason do not buy an allocation and for anyone who wants to buy more tokens.

You can participate in the flash sale using the same MILK2 stake that you used to register for the main sale. Those who already purchased tokens in the first main round are allowed to participate.

The whole process is similar to the main sale, with only one difference — everything goes very quickly! Furthermore, the flash sale does not allow us to predict the average allocation since the number of participants is not limited.

Please find our general guide for BSC sales here: https://docs.spaceswap.app/spaceswap/products 

The Legion Network sale page: https://spaceswap.app/tokensale/legionnetwork 

Staking MILK2 and Registering


If you are new to the SpaceSwap Starter platform and this is your first IDO, please do not forget to sign the User Agreement. A pop-up window will appear automatically. If you do not sign the Agreement, you will not be permitted to participate in these events.

We remind you that only users who stake at least 5,000 MILK2 in the corresponding network (in this case, BSC) in advance can register for the sale on this page: https://spaceswap.app/tokensale/legionnetwork 

You can stake your MILK2 tokens here: https://spaceswap.app/staking 

Staking MILK2 is not specifically connected with the Legion Network event. It is a separate and ongoing process.

Before depositing your MILK2 tokens for the first time, you will need to click on the APPROVE button for the MILK2 token to trigger the interaction with the staking contract.

The minimum staking amount is 5,000 MILK2. If you make your first deposit and enter an amount that is less than 5,000 in the entry field, the program will automatically change it to 5,000. If you have already staked 5,000 MILK2, your subsequent stakes can be of any amount. The maximum stake for this event is 20,000 MILK2. 

  • During the Registration stage, you can add funds to your stake in order to increase your allocation. After adding more funds, you will again need to click on the PARTICIPATE button — your additional stake will be counted and the allocation amount will increase.

  • After registering, you will be able to see your preliminary allocation. You will see this change in real time (you may need to refresh the website), according to the total number of MILK2 staked and your share of the total.

Registration is conducted on a ‘first come first served’ (FCFS) basis.
Please note that the number of slots in this IDO is limited.
Upon reaching the 100 registration limit, any subsequent registrations will not be accepted.
Before the start of the sale stage, you can increase your stake to enlarge your allocation, however, the maximum stake amount is still 20,000 MILK2.

The registration start time as shown on this page https://spaceswap.app/tokensale/legionnetwork may change slightly in the event of any blockchain issues. Keep an eye on the timer! 

The official start of the sale will be announced on SpaceSwap’s social networks.

You will not be able to register if you do not have a minimum of 5,000 MILK2 staked prior to the Registration stage (the contract will not count it as there will be nothing to count). However, there are no restrictions on early staking.

Sale


  • At the beginning of the Sale stage, you will see the number of tokens available for purchase and the amount of BUSD you will need.
  • Make sure you have a sufficient amount of BUSD tokens and BNB for the gas fees.


Note! This sale is carried out in BEP-20 $BUSD.
Any other coin sent to the contract address cannot be used to make a purchase, nor can it be withdrawn from the contract address and returned to you.

If this is your first time participating in a sale on our platform, you will see the ’Approve’ button at the Sale stage. Only then will you be able to purchase coins.

You are allowed to make multiple purchases up to the end of the Sale.

Claim


The claiming of tokens will take place on April 20th on the platform provided by the Legion Network. 

You can only claim your tokens using the address you use during the sale, so keep it safe — you will not be able to change the wallet address you have specified.

A few safety tips


The speed of MetaMask’s mobile app is a topic of concern to us. We cannot insist but we strongly suggest that you use the desktop version of the wallet.

All interactions with the contract incur network commissions (for approval, token staking, registration, etc.). BSC’s commissions are quite low but please make sure you have enough BNB tokens in your wallet.

We also remind you that interactions with the smart contracts may be subject to functional peculiarities of the network itself — i.e. high congestion or temporary problems with the network. SpaceSwap does not bear any responsibility for this.

Note! Do not try to interact directly with the contract and bypass the front-end. You will not be able to participate in the sale by violating the process algorithm.

Make sure you have enough BUSD for the sale — find out what the average costs are. Please do not try to approve BUSD tokens by avoiding the front-end — you will not be able to purchase tokens in this way.

Website: https://spaceswap.app 
Telegram: t.me/SpaceSwap 
Twitter: https://twitter.com/spaceswapdefi 
Blog: https://blog.spaceswap.app 
Discord: https://discord.com/invite/4hvxZNWGHP