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Project Overview
Legend is a mobile-first decentralized finance protocol. Users can trade, earn, and borrow digital assets, instantly and seamlessly, without centralized parties.
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Legend: Will Gradually Shut Down the Company, App to Be Taken Offline on July 12
Legend posted on Platform X, stating that after two years of development, the company has decided to gradually shut down. The team pointed out that the product failed to reach the scale required for long-term sustainable development. The Legend app will remain operational for the next 60 days and will go offline on July 12. New user registration has been suspended as of today, and existing users are advised to withdraw their funds before the app shuts down. Relevant documentation will be retained for 60 days after the app goes offline.
Legend Completes $3.5M Seed Funding Round Led by Electric Capital
According to official announcements, Legend, a decentralized exchange protocol, has completed a $3.5 million seed funding round led by Electric Capital, with participation from Amber Group and GSR. Its total funding has now exceeded $5 million.