The Legion platform has launched a new reputation system focused on retail investors and startups interested in conducting Initial Coin Offerings (ICOs) under the European Union legislation.
The system analyzes investor behavior based on transaction history, social authority, and developer activity, using Stanford's EigenTrust reputation algorithm. Legion co-founder Matthew O'Connor noted that the platform provides startups with an alternative crowdfunding method. He emphasized the importance of investor reputation, as without this mechanism, top projects avoid selling tokens to anonymous users.
Legion positions itself as the "Airbnb for crypto crowdfunding," connecting high-reputation investors with promising Web3 projects.
The platform complies with EU MiCA rules and will sell tokens only to EU citizens, restricting access for retail investors from the United States.
