 Ancient Greek legend refers to a legendary king Bizas as the leader of the Megarean colonists and eponymous founder of the city.Cape Moda in Chalcedon was the first location which the Greek settlers from Megara chose to colonize in 685 BC, prior to colonizing Byzantion on the European side of the Bosphorus under the command of King Byzas in 667 BC.Byzantion was established on the site of an ancient port settlement named "Lygos" During the period of Byzantion, the Acropolis used to stand where the Topkapı Palace stands today.