ICO Analysis: KlerosPublished on May 17, 2018
By Joshua LarsonVerdictKleros is a very much needed protocol that connects users who need to solve disputes with jurors who have the skills to fairly settle them. There are many more technical details in this project that haven’t been touched on. Its clear from their explanations that they know what they are talking about, have clear goals, and a manageable roadmap. The team’s inexperience does not seem like a problem, because this project isn’t trying to do too much.
“As the ecosystem matures, Kleros will prove that it can deliver fast, affordable and transparent justice in a growing number of use cases. More customers bring more entrepreneurs, more jurors, more developers and an increasing number of use cases. The community will build the ecosystem on top of an open protocol. And this is how decentralized justice takes over the world” (Federico Ast CEO)
Risks It’s so early in the development of DApps that it makes it hard to visualize enough use cases to make this ecosystem run. -1
Lots of inflation – only 16% of the tokens will go to funders. The other tokens will be sold either in the future as the team achieves critical milestones or as an additional incentive for early jurors in the platform.-1
There is no hard cap, as IICO is a market-based method. This means that the revenue from the token sale will be determined by market forces. -1
Growth Potential The CEO spoke at Consensus, which is a big deal. +2
They have an MVP you can learn more about here. And here’s a video of it. +2
Early partnerships with top companies, including InkProtocol and Dether and Thomson Reuters Incubator.+2
Kleros could easily be integrated with existing platforms (decentralized or not) with users being taken to a dispute resolution screen where they may never know who was arbitrating their dispute. +2
One of the Telegram devs stated: “Actually, even Vitalik knows of Kleros quite well. He and our Cryptoeconomics researcher William had a very interesting discussion on
http://ethresear.ch/about Kleros and some of the functions of the protocol.” The link is private, so we cant confirm if this is true, but it seems true. +1
DispositionAlthough this isn’t the sexiest of projects, it is one of the most important. It provides a court system for DApp users when smart contracts are incapable of settling disputes, which will be often. No better solution has been presented.
6/10 is our rating.
Proof: https://hacked.com/ico-analysis-kleros/This is good result.