PNK
No. 679Price
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1. Project introduction
Kleros (PNK) is a decentralized dispute resolution project.
Kleros is an open-source online dispute resolution protocol that uses blockchain and crowdsourcing to adjudicate disputes fairly. Kleros offers a middleman service for decentralized applications (DApps) and their users. If the service provided by the application does not create a dispute, Kleros acts as a trustless third-party service for payment.
When a dispute does occur, however, each party can apply for arbitration through the Kleros arbitrators that are selected from the owners of PNK tokens. PNK is an Ethereum-based ERC-20 utility token with a fixed supply.At this point, the jurors can make a decision that will favor either party. The arbitration fees are distributed to all arbitrators in the form of ETH; jurors who have issued a minority decision lose part of their PNK tokens for the benefit of the majority of jurors. This decision can be appealed, at a cost. The stated mission of Kleros is to offer easier access to justice and improve individual freedom.Kleros charges a cost that is payable in ETH and is provided by the parties to the dispute or drawn from the funds previously locked in escrow.
2. Team introduction
Founder & CEO: Federico Ast
Linkedin: https://www.linkedin.com/in/federicoast/
Operation Director: Stuart James
Linkedin: https://www.linkedin.com/in/stuart-james-588086158/
3. Application
Total supply: 764,626,704
PNK is used as voting rights and staking rewards.
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