Kleros (PNK) is a decentralized dispute resolution project that was launched in July 2018. It is an open-source online dispute resolution protocol that utilizes blockchain and crowdsourcing to fairly adjudicate disputes.

Kleros provides a middleman service for decentralized applications (DApps) and their users. In cases where the application's service does not create a dispute, Kleros acts as a trustless third-party service for payment.

However, when a dispute arises, each party can apply for arbitration through Kleros arbitrators, who are selected from the owners of PNK tokens. PNK is an Ethereum-based ERC-20 utility token with a fixed supply.

At this stage, the jurors can make a decision that favors one party over the other. The arbitration fees are distributed to all arbitrators in the form of ETH. Jurors who issue a minority decision lose a portion of their PNK tokens for the benefit of the majority of jurors. This decision can be appealed at a cost. Kleros' mission is to provide easier access to justice and enhance individual freedom.

Kleros charges a fee payable in ETH, which is provided by the parties involved in the dispute or drawn from previously locked funds in escrow.

Kleros (PNK) was founded by Federico Ast, Clément Lesaege, and Nicolas Wagner.

Federico Ast is the CEO of Kleros and a lecturer on Coursera. Prior to that, he worked as a creator and evangelist at Crowdjury, and was a journalist, speaker, and blogger at Clarín.

Clément Lesaege is the CTO at Kleros. Before Kleros, he worked as a smart contract security freelancer and was a research intern in machine learning at Technicolor.

Nicolas Wagner is the lead developer at Kleros. He also works as a freelance web and blockchain developer. In the past, Wagner worked as a blockchain developer at Dether.io and a back-end developer at Tradelab Programmatic Platform.

Kleros is primarily designed for DApps, but it is a decentralized and cost-effective arbitration system that could attract attention from outside the blockchain industry. It is intended to be a multipurpose dispute resolution platform that can serve as a legal adjudication service in various cases.

This includes escrow dispute resolution, social network policy violations, and oracle resolutions. The PNK token plays a crucial role in all of these cases, as the amount deposited by jurors is directly linked to their probability of being selected for a case.

The token also serves as an economic incentive for jurors to act honestly. PNK provides voting power based on the number of tokens held, incentivizing token owners to hold them for governance purposes. Jurors are also paid in ETH on a case-by-case basis in the form of arbitration fees.

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Kleros (PNK) has a circulating supply of 599,684,715 PNK as of February 2021, with no maximum supply data available at the time.

Kleros relies on cryptography and blockchain technology to secure the evidence, select jurors, and incentivize honest decisions. The protocol token represents the right of users to be randomly chosen as jurors. Since PNK is an ERC20 token, it can be stored in many offline or desktop crypto wallets that support Ethereum, providing a high level of security.

If you want to buy, trade, or sell Kleros (PNK), you can do so on the following exchanges:

• HBTC
• OKEx
• BiONE
• BKEX
• Bitfinex

If you are unfamiliar with how to buy cryptocurrencies, you can learn more by reading our guide here.

Kleros (PNK) is a decentralized dispute resolution project that launched in July 2018. It is an open-source online dispute resolution protocol that utilizes blockchain and crowdsourcing to ensure fair adjudication of disputes.

Kleros provides a middleman service for decentralized applications (DApps) and their users. When the application's service does not result in a dispute, Kleros acts as a trustless third-party service for payment.

However, in the event of a dispute, each party can apply for arbitration through Kleros arbitrators, who are selected from the owners of PNK tokens. PNK is an Ethereum-based ERC-20 utility token with a fixed supply.

At this stage, the jurors make a decision that favors one party over the other. The arbitration fees are distributed to all arbitrators in the form of ETH. Jurors who issue a minority decision lose a portion of their PNK tokens for the benefit of the majority of jurors. This decision can be appealed at a cost. Kleros' mission is to provide easier access to justice and enhance individual freedom.

Kleros charges a fee payable in ETH, which is provided by the parties involved in the dispute or drawn from previously locked funds in escrow.

Kleros (PNK) was founded by Federico Ast, Clément Lesaege, and Nicolas Wagner.

Federico Ast is the CEO of Kleros and a lecturer on Coursera. Prior to Kleros, he worked as a creator and evangelist at Crowdjury, and was a journalist, speaker, and blogger at Clarín.

Clément Lesaege is the CTO at Kleros. Before joining Kleros, he worked as a smart contract security freelancer and was a research intern in machine learning at Technicolor.

Nicolas Wagner is the lead developer at Kleros. He also works as a freelance web and blockchain developer. Previously, Wagner worked as a blockchain developer at Dether.io and a back-end developer at Tradelab Programmatic Platform.

Kleros is primarily designed for DApps but it is a decentralized and cost-effective arbitration system that may attract attention beyond the blockchain industry. It is intended to be a versatile dispute resolution platform that can function as a legal adjudication service in various cases.

This includes escrow dispute resolution, social network policy violations, and oracle resolutions. The PNK token plays a crucial role in all of these cases, as the amount deposited by jurors directly affects their probability of being selected for a case.

Additionally, it serves as an economic incentive for jurors to make honest decisions. PNK also grants voting power to token holders, incentivizing them to hold tokens for governance purposes. Jurors are paid in ETH on a case-by-case basis as arbitration fees.

Kleros (PNK) has a circulating supply of 599,684,715 PNK as of February 2021, with no maximum supply data available at the time.

Kleros ensures security through cryptography and blockchain technology, which secure the evidence, select jurors, and incentivize honest decisions. The protocol token represents the users' right to be randomly drawn as jurors. As PNK is an ERC20 token, it can be stored in various offline or desktop crypto wallets that support Ethereum, providing a high level of security.

If you want to buy, trade, or sell Kleros (PNK), you can do so on the following exchanges:

• HBTC
• OKEx
• BiONE
• BKEX
• Bitfinex

If you are unfamiliar with how to buy cryptocurrencies, you can learn more by reading our guide here.