Kleros PNK Price

Launched in July 2018, Kleros emerged as a groundbreaking force in the realm of decentralized dispute resolution. Developed by a trio of visionaries—Federico Ast, Clément Lesaege, and Nicolas Wagner—Kleros stands as a testament to their collective expertise in blockchain technology and online arbitration. Ast, serving as CEO, brings a rich background as a Coursera lecturer and a proponent of digital arbitration with his work at Crowdjury. Lesaege, the CTO, leverages his experience in smart contract security, while Wagner, as the lead developer, combines his skills in web and blockchain development.

At its core, Kleros is an open-source online dispute resolution protocol that harnesses the power of blockchain and crowdsourcing. It's designed to serve primarily decentralized applications (DApps), offering a cost-effective and impartial arbitration service. The platform employs PNK, an Ethereum-based ERC-20 utility token, allowing token holders to participate as arbitrators. This innovative approach ensures that jurors are incentivized to make honest decisions, with arbitration fees distributed in ETH and a system that penalizes minority decisions to maintain the integrity of the majority ruling. Kleros's ability to handle a variety of disputes, from escrow disagreements to social network policy violations, makes it a versatile tool beyond the blockchain industry.

Kleros's mission, driven by Coopérative Kleros, a Société Coopérative d’Intérêt Collectif (SCIC) in France, focuses on providing accessible justice and enhancing individual freedom. The protocol secures evidence and jury selection through advanced cryptography, offering a high level of security for its users. The integration of the PNK token not only influences jury selection but also empowers users in governance, reflecting Kleros's commitment to democratizing legal adjudication and establishing a new standard in dispute resolution.

What is unique about Kleros (PNK)?

Kleros (PNK) uniquely combines blockchain technology and crowdsourcing to provide a decentralized online dispute resolution service. It's designed primarily for decentralized applications (DApps), employing an Ethereum-based ERC-20 token (PNK) that incentivizes token holders to participate as impartial arbitrators in various disputes.

Who are the founders of Kleros (PNK)?

Kleros was founded by Federico Ast, Clément Lesaege, and Nicolas Wagner. Federico Ast serves as the CEO, bringing his experience in digital arbitration and online education. Clément Lesaege is the CTO with expertise in smart contract security, and Nicolas Wagner is the lead developer, specializing in web and blockchain development.

Who are the backers/investors of Kleros (PNK)?

Kleros has many big investors, backers, and partners such as Andreessen Horowitz (a16z), Polychain Capital, Paradigm, Multicoin Capital, Fabric Ventures, Decentraland Foundation Filecoin Foundation, Ocean Protocol, and others.

Where can I buy Kleros (PNK)?

You can buy Kleros (PNK) on Bitfinex, CoinEx, Uniswap V3 (Arbitrum One), Uniswap V2 (Ethereum)Sushiswap cryptocurrency exchanges.