Legion Network, the first super app to create one accessible blockchain ecosystem, today announced its partnership with SHIELD, the global risk intelligence company, to bolster its defenses against fraudsters as part of its commitment to providing users with a fair and trustworthy trading environment.
Legion Network offers an easily accessible platform for crypto enthusiasts to trade, learn and collaborate with like-minded community members. Users can buy over 80 cryptocurrencies in over 160+ countries, trade NFTs, and earn tokens. The partnership will see Legion Network tapping on SHIELD’s Device Intelligence solution to strengthen its fraud prevention capabilities and ensure a trusted and more equitable platform for its users.
One unique aspect of Legion Network’s ecosystem is Legion Arcadia, a play-to-earn gaming platform where players can participate in daily challenges to win crypto and NFT prizes. Platform users can also hold and enter competitions for prizes, as well as be awarded trophies for high levels of engagement. This meant that fraudsters could potentially speed up their winning process by using jailbroken devices, cloning apps, and installing auto clickers. They could also create multiple accounts to increase their chances of obtaining prizes from user-organized contests. This creates an unfair playing field for other participants, which adversely affects user trust and the integrity of the platform.
Legion Network uses the SHIELD Risk Indicators to identify when and which malicious tools and techniques are in use, pinpointing the fraudsters attempting to generate unfair advantages for themselves in winning daily raffles or contests. The platform also utilizes the SHIELD ID to accurately detect devices linked to multiple accounts. These solutions therefore empower Legion Network to build safer user communities.
Operating in the blockchain industry comes with expectations for the highest standards of privacy, so it is key that SHIELD’s Device Intelligence can identify real users without the need for Personal Identifiable Information (PII) and other traditional KYC measures. Supercharged with SHIELD’s technology, Legion Network can provide its users with the most trusted platform for their crypto needs and continue its global growth.
Athar Ahmed, CEO of Legion Network, said “At Legion Network, we believe that crypto is for everybody, and our mission is to enable our users to connect, collaborate and engage with like-minded crypto enthusiasts on a massive scale. SHIELD’s risk intelligence has become an indispensable part of our fraud prevention strategy, and helped us ensure that we focus our efforts on building the best ecosystem we can for genuine users.”
Justin Lie, Founder and CEO of SHIELD, commented, “Crypto is an extraordinarily fast-moving industry where trust is of paramount importance. We’re honored to be working with Legion Network to protect its platform and its users from fraud and abuse. In prioritizing the security of its systems, Legion Network is positioned to take the crypto world by storm and drive continued growth globally.”
Read the full case study here.
About Legion Network
Legion Network, the first super app to integrate the industry’s best services into one accessible blockchain ecosystem, has announced its official launch. Being the first of its kind, the super app aims to revolutionize the crypto space by offering a variety of services ranging from Crypto Wallets, NFTs, Play to Earn, Watch To Earn, Launchpads, Rewards and more. Legion Network aims to empower users, regardless of their experience, to become well acquainted with the new benefits of blockchain technology.
SHIELD is the world’s leading risk intelligence company that helps global organizations such as inDrive, Alibaba, Mobile Premier League (MPL), TrueMoney, and Maya stop fraud, build trust, and drive growth. We combine AI and explainable machine-learning algorithms to help all online businesses stay ahead of new and unknown fraud.
With offices in San Francisco, Miami, London, Berlin, Jakarta, Bengaluru, Beijing, Singapore, we are rapidly achieving our mission to enable trust for the world.
For more information, visit shield.com. Follow us on LinkedIn and Twitter.