Kraken will conduct token sale via Legion on its new Launch platform

Kraken partnered with ICO platform Legion to sell tokens on its new Kraken Launch platform, aiming to broaden user channels. Legion will share a select list of popular token sales with Kraken and will be available soon after the sale is over. The first joint sales are expected to be completed within a week. Legion uses a performance-based scoring system for allocation and is MiCA compliant in Europe and plans to expand to U.S. participants in the fourth quarter. Kraken Launch will initially adopt a first come first served principle, reserved up to 20% of the share for Legion Score holders. Both companies will conduct independent compliance reviews, with revenues coming from sales and transaction fees.