|Since they originally appeared almost 11 years ago, cryptocurrencies have been promising a change that would make the world a better place for everyone. They offer a number of benefits over traditional finances, including lower transaction fees, decentralization, as well as the ability to reach everyone, whether or not they have access to the bank.|
|Start||January 11, 2020|
|End||February 11, 2020|
|Minimum investment||0.1 ETH|
|Tokens for sale||16000000|
ICO description, Technical Details and Documents
The blockchain technology in its current form is far from being immaculate and capable of resolving any given challenge that faces the contemporary society. Clement Lesaege, and other compilers of the Kleros whitepaper, have rightfully emphasized the fact that the emergence of different disputes is inevitable, even after the blockchain technology will have been adopted on a global scale.
The all-encompassing and proper arbitration of such disputes would be impossible if carried out by human conciliators, simply because of the enormity of cases that would flow on a daily basis. Whereas the smart contracts, in their current form, don’t possess the capability to render even a simple arbitrary decision because they are being programmed to execute only a specific set of functions.
Kleros claim to have come up with the concept of a unique decision-making protocol suitable for settling various kinds of disputes within the framework of a decentralized multi-purpose court system. In order to bring this idea to fruition, Kleros will try and raise funds by means of Interactive Coin Offering (ICO), which stipulates for the fragmentation of the traditional token sale, organized as a single event, into an offering implemented on a phased basis.
Kleros has set itself an objective to create a judicial system predicated on the full utilization of blockchain and the accompanying smart contracts. The said system is going to be of an opt-in kind, which means that all participants are to choose to use this arbitration method willingly, thus indicate Kleros as their chief conciliator in disputes. That is achieved through the generation of a smart contract in which the creator can specify how many jurors should review his case as well as the type of court, where the dispute is to be reviewed. The system is also comprised of a large number of dApps, such as an escrow, an oracle, curated lists, etc., all of which will facilitate the work of Kleros Court and Kleros Governance.
PNK is the ERC-20 compliant token that exercises several functions. First of all, it is used for the purposes of staking, where the potential juror deposits a sum in PNK with one of the courts that cooperate with Kleros. Basically, it mirrors the PoS concept: the more tokens one stakes with the system, the higher the chance of being chosen as a juror by the random number generator.
The token also acts as a protective mechanism against cyber attacks since the perpetrator would have to obtain an enormous amount of tokens to have even a theoretical chance of changing the outcome of jurors’ vote. Therefore, any kind of attack on the Kleros system should be economically insurmountable. Also, the holders of PNK tokens are eligible for voting rewards and arbitration fees for serving the juror duty.
The sale of PNK tokens is scheduled to begin on January 11. The project has already raised $2.44 million during pre-sale. The tokens will be sold only for ETH at a price equivalent to $0.0173 per PNK. The minimum investment is 0.1 ETH. Investors from the United States are the only ones who won’t be admitted to the ICO event.
* Crypto Rating accepts no liability for any errors in the Kleros ICO information and Rating. For the most up-to-date information please visit the ICO's official website.
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|#||Crypto||Prediction||Accuracy||CVIX||Price||24h||7d||Market Cap||7d price change|
|1||BTC||Bitcoin predictions||87.6%||9||$37 728.33||-0.28%||1.52%||$737 856 932 993|
|2||ETH||Ethereum predictions||77.6%||36||$2 038.68||0.16%||-0.93%||$245 131 600 170|
|3||USDT||Tether predictions||96%||1||$1.000220||0%||0.01%||$89 301 326 887|
|4||BNB||Binance Coin predictions||85.6%||28||$227.46||-0.15%||-1.99%||$34 505 061 094|
|5||XRP||XRP predictions||82.4%||34||$0.602825||-0.99%||-2.49%||$32 485 422 695|
|6||SOL||Solana predictions||57.2%||85||$59.29||-1.23%||4.44%||$25 137 174 902|
|7||USDC||USD Coin predictions||94%||1||$0.999963||0%||-0.01%||$24 401 486 928|
|8||ADA||Cardano predictions||75.2%||52||$0.375998||-2.65%||-1.88%||$13 274 525 826|
|9||DOGE||Dogecoin predictions||76%||43||$0.083756||3.15%||10.53%||$11 897 079 788|
|10||STETH||Lido stETH predictions||91.2%||1||$2 941.39||-0.40%||-3.32%||$10 258 752 564|
|11||TRX||TRON predictions||83.2%||23||$0.103586||-0.21%||1.87%||$9 171 440 677|
|12||WTRX||Wrapped TRON predictions||82%||26||$0.102132||-0.99%||0.74%||$9 042 876 827|
|13||TON||Toncoin predictions||79.6%||29||$2.41||-0.17%||0.51%||$8 280 016 543|
|14||LINK||Chainlink predictions||72%||61||$14.43||-1.45%||-0.43%||$8 036 201 443|
|15||AVAX||Avalanche predictions||58%||89||$21.02||-0.56%||1.31%||$7 673 673 520|
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