PNK

Kleros price 
PNK

$0.02446  

1.77% (1d)

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Kleros statistics
Market cap
 

1.77%

$18,998,049
#810
Volume (24h)
 

9.65%

$492,321
#1495
Volume/Market cap (24h)
 
2.59%
Circulating supply
 
776,626,703 PNK
Total supply
 
776,626,704 PNK
Max. supply
 
--
Fully diluted market cap
 
$18,998,049
PNK to USD converter
PNK
USD
Price performance
24h 
Low
$0.02437
High
$0.02493
All-time high
Nov 22, 2020 (4 years ago)
$0.4849
-94.95%
All-time low
Feb 08, 2019 (5 years ago)
$0.003805
+542.89%
See historical data
Popularity
In watchlists10,408x
2356th / 10.0K
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About Kleros

What Is Kleros (PNK)?

Kleros (PNK) is a decentralized dispute resolution project that launched in July 2018. It 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.

Who Are the Founders of Kleros?

What Makes Kleros Unique?

How Many Kleros (PNK) Coins Are There in Circulation?

How Is the Kleros Network Secured?

Where Can You Buy Kleros (PNK)?

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