Co-founder and former technical Director (CTO) of the professional social network LinkedIn Eric Lee intends to raise $20 million through the distribution model simple agreements for future tokens (SAFT), writes Crowdfund Insider.

The relevant document in a Form D, on behalf of headed by Erik Lee of the Hub project, published June 1 on the website of the Commission on securities and exchange Commission (SEC).

As indicated, during the sales Hub Token from 20 different investors had already raised $13 588 722 of the planned $20 million.

Earlier this year Eric Lee launched the so-called Protocol of the human trust (Human Trust Protocol) called Hub.

As later told the publication VentureBeat, within the Hub begins the creation of ICOHub is still under proof-of-concept reputation system for the ICO. It allows investors and stakeholders to verify the commands that spending tons of ICO, which in turn, helps to determine what projects can offer the legitimacy and quality.

Ranking-websites. ICO, of course, already exist, but, as suggested by Eric Lee, not all of them are very transparent in the methodology of grading and receive data. His project was supposed to solve these problems not only through collecting data from reliable sources, but imposing liability for the validation of the projects on the participants in the market ICO.

As previously reported ForkLog, ICO $300 million is going to launch a well-known manufacturer of headphones and accessories from Monster Products.