We’re happy to announce that Kleros will be running an Automated Price Reserve for the Pinakion (PNK) token on Kyber Network!
The PNK token will be accessible through KyberSwap and other DApps and platforms that are powered by Kyber’s on-chain liquidity protocol — the most popular #DeFi protocol in terms of number of users and integrations.
To date, Kyber Network collectively supports over 70 ERC20 tokens. Learn how to buy/sell ERC20 tokens on KyberSwap with our basic guide.
- Listing date: Thur, 23rd April, 2020
- Listing time: 9 PM (GMT+8)
Kleros is an open source online dispute resolution protocol which uses blockchain and crowdsourcing to fairly adjudicate disputes. Kleros is built on top of Ethereum and works as a decentralized third party to arbitrate disputes in every kind of contract, from very simple to highly complex ones. It relies on game theoretic incentives to have jurors rule cases correctly. The result is a dispute resolution system that renders ultimate judgments in a fast, inexpensive, reliable and decentralized way.
Kleros is used by businesses for arbitration in their contracts. When a dispute is created, Kleros selects a panel of jurors and sends back a decision. Backed by blockchain, the whole process is secured and transparent. Kleros is currently also used for solving disputes in exchange listing procedures and has a suite of in house dapps in full production.
Development efforts for the protocol are coordinated by Coopérative Kleros, a Société Coopérative d’Intérêt Collectif (SCIC) incorporated in France. All their research and code development are open source and free for anyone to use.
The Kleros Vision
Democratize access to justice in the digital world. A decentralized court system for the Internet Age.
Join the Justice Revolution
As our lives move to global online platforms, disputes arise in areas that cannot be solved by traditional court systems. Collaboration makes Kleros. Kleros can integrate with your platform securely and at no cost. Anyone can participate and make money as a juror.
Join as a Juror: Become a juror, earn and bring justice to the decentralized world.
Join as a Partner: Integrate Kleros’ powerful dispute resolution technology in your platform, for free.
Over $400k passed through the Kleros token curated registry, more than 50 Jurors have ruled on cases, over 100 cases have been ruled on, and over $15k paid in fees to Jurors.
Users need the PNK token to be drawn as jurors and collect arbitration fees.
Serve as a Juror: PNK holders can stake their token in a Kleros court to indicate their availability to serve as jurors. The more they stake, the more chances they have of selection. Jurors stake their PNK in courts they have relevant skills for with a random number generator (RNG) selecting the final spots based on size of stake.
Sybil attack protection: PNK is also a protection against Sybil attacks. In order for an attacker to flood the juror pool, they need to buy enough PNK so that they are selected enough times to be a juror for the same case in order to change the outcome. Using a native token like PNK offers several key advantages for minimizing the risk of 51% attacks versus using an external cryptocurrency like ETH.
Governance: Users have an interest in holding PNK tokens in order to gain voting rewards when taking part as jurors. They also have the opportunity to vote with their PNK on all Kleros Governance related proposals and votes creating an open and unbiased platform for all.
The supply of pinakion is fixed at one billion units.
For more information on Kleros
Token information: PNK
Coinmarketcap information: https://coinmarketcap.com/currencies/kleros/