Crypto exchange Kraken taps Legion to open token sales to over 15m users

Core Insights - Initial coin offerings (ICOs) are making a comeback with new features aimed at improving investor selection and reducing fraud [1][2] - Legion, a fundraising project, is partnering with the crypto exchange Kraken to facilitate token sales to a broader audience while implementing a scoring system to evaluate potential investors [1][3] Group 1: ICO Landscape - The previous ICO boom in 2017 and 2018 saw over 2,000 projects raise approximately $13 billion, but it was marred by scams resulting in losses of at least $1.3 billion [2] - Legion aims to address these issues with its Legion Scores, which will help filter out bots and dishonest token buyers [2] Group 2: Legion's Strategy - Legion Scores are designed to prioritize contributions to the industry over the size of an investor's wallet, promoting a fairer investment environment [3] - Tokens will be available on a first-come, first-served basis to Kraken's user base of over 15 million, with immediate listing on the exchange [3] Group 3: Future Outlook - Legion's co-founder expressed confidence in scaling their offerings, indicating a shift in focus from product development to distribution [4] - The first token sale in collaboration with Kraken is yet to be announced, but the partnership signifies a notable evolution in the ICO space [4][6]