The reputation system targets retail investors in Europe and projects worldwide seeking regulatory clarity for crypto fundraising.
Crypto fundraising platform Legion has launched a new reputation system targeting retail investors and startups interested in initial coin offerings (ICOs) under European Union regulations.
According to Legion, the reputation system “simplifies things for teams” as it allows them to pitch retail investors based on selected attributes with early-stage offerings or token sale allocations.
The system analyzes investor behavior based on factors such as onchain history, social clout, and developer activity. It leverages the open-source reputation algorithm for peer-to-peer networks EigenTrust — developed by Standford’s academics Sep Kamvar, Mario Schlosser, and Hector Garcia-Molina.
