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About Kleros
Key Points
- Kleros (PNK) is a decentralized dispute resolution project launched in July 2018.
- It uses blockchain and crowdsourcing to adjudicate disputes fairly.
- Kleros offers a middleman service for decentralized applications (DApps) and their users.
- PNK is an Ethereum-based ERC-20 utility token with a fixed supply.
- The stated mission of Kleros is to offer easier access to justice and improve individual freedom.
Founders
- Federico Ast (CEO)
- Clément Lesaege (CTO)
- Nic
About Kleros: Empowering Decentralized Justice
Introducing Kleros (PNK): A Revolutionary Dispute Resolution Platform
Kleros (PNK) is a pioneering decentralized dispute resolution project, launched in July 2018, which leverages an open-source online protocol that harnesses the power of blockchain technology and crowdsourcing to facilitate impartial adjudication of disputes.
Kleros provides a neutral intermediary service for decentralized applications (DApps) and their users, ensuring seamless interactions. In the absence of disputes, Kleros serves as a trustless third-party facilitator for secure and efficient payment processing.
In the event of a dispute, each party may seek arbitration through the Kleros arbitrators, who are selected from among the owners of PNK tokens. Notably, PNK is an Ethereum-based ERC-20 utility token with a fixed supply, ensuring a stable and reliable framework for resolving conflicts.
At this juncture, the jurors are empowered to render a verdict that may favor either party. The arbitration fees are allocated to all arbitrators in the form of ETH; meanwhile, jurors who have issued a dissenting opinion incur a penalty, forfeiting a portion of their PNK tokens to the benefit of the majority of jurors. This decision is subject to appeal, albeit at a cost. The overarching mission of Kleros is to facilitate greater access to justice and promote individual liberty.
Kleros levies a fee, denominated in ETH, which is borne by the disputing parties or deducted from the escrowed funds.
The Visionaries Behind Kleros: Meet the Founders
Kleros (PNK), a pioneering project, was co-founded by the visionary trio of Federico Ast, Clément Lesaege, and Nicolas Wagner.
Federico Ast, a distinguished lecturer on Coursera, currently serves as the CEO of Kleros. His diverse professional background includes stints as a creator and evangelist at Crowdjury, as well as a journalist, speaker, and blogger at Clarín.
Clément Lesaege, a seasoned expert in the realm of blockchain technology, currently serves as the Chief Technology Officer at Kleros. Prior to joining Kleros, he leveraged his proficiency in smart contract security as a freelancer, and previously held a research internship in machine learning at Technicolor, further solidifying his technical prowess.
Nicolas Wagner, a seasoned developer, assumes the role of lead developer at Kleros, while also maintaining a thriving freelance career as a web and blockchain developer. His impressive professional trajectory includes stints as a blockchain developer at Dether.io and a back-end developer at Tradelab Programmatic Platform.
Unveiling the Unparalleled Excellence of Kleros
Kleros is primarily tailored to cater to the needs of DApps, but its decentralized and cost-effective arbitration system has the potential to transcend the blockchain ecosystem, garnering attention from a broader audience. As a multipurpose dispute resolution platform, it can effectively function as a legal adjudication service in a multitude of scenarios.
This encompasses escrow dispute resolution, social network policy infractions, and oracle resolutions. The PNK token assumes a pivotal role in all of these, given that the amount deposited by jurors is directly proportional to the likelihood of their selection for a case.
Furthermore, PNK serves as an economic motivator, encouraging jurors to remain impartial in their verdicts. Additionally, PNK grants token holders voting power, directly proportional to their token holdings. This mechanism incentivizes token owners to retain their tokens, as they also receive ETH-based arbitration fees on a case-by-case basis, thereby fostering a sense of governance and accountability.
What Is the Circulating Supply of Kleros (PNK) Coins?
As of February 2021, Kleros (PNK) boasts a circulating supply of 599,684,715 PNK, although no maximum supply data was available at the time of reporting.
The Kleros Network’s Security Framework: A Robust Ecosystem
Kleros leverages cryptography and blockchain technology to ensure the integrity of evidence, facilitate the random selection of jurors, and incentivize honest decision-making. The protocol’s token serves as a representation of users’ rights to be randomly selected as jurors. As an ERC20 token, PNK can be securely stored on a variety of offline or desktop cryptocurrency wallets that support Ethereum, thereby providing a high level of security.
Acquiring Kleros (PNK): A Comprehensive Guide to Exchanges and Marketplaces
If you’re interested in acquiring, trading, or divesting Kleros (PNK), you can facilitate these transactions on the following esteemed exchanges:
- The esteemed HBTC
- The renowned OKEx
- The innovative BiONE
- The prominent BKEX
- The prestigious Bitfinex
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