Topic: [ANN/ICO] KLEROS -Blockchain Dispute Resolution for virtually everything. - page 6. (Read 16209 times)

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ICO Analysis: Kleros
Published on May 17, 2018
By Joshua Larson

Verdict
Kleros 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

Disposition
Although 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.

The Kleros gamedrop is a way to both test the Schelling Point, educate users and have some fun.

Users are also able to win PNK by voting coherently!


Basically, the Schelling Point allows a consensus to be reached between people who do not know each other and have no means of communication with each other. This concept was described by Thomas Schelling in “The Strategy Of Conflict”. He received the Nobel Prize for Economics for this work. A famous American television program “Family Feud” is based on this idea. It’s about finding the most popular answers for a given question.



Learn more and try ' The Schelling Game' below.

https://game.kleros.io/

Kleros was added to TokensRecord . https://tokensrecord.com/project/kleros

The token is an ERC20 token on the Ethereum network.


Feel free to ask any further questions about the token sale too.

Thanks

Good luck with your project! Also, can you give the specification of the coin? Like Algorithm?

the excellence that exists in the project, could definitely be the attraction of being able to attract the attention of many potential investors.
Hopefully this project can run smoothly until success could be achieved with ease.

It's a great idea, good luck with the project
Egretia

an interesting and promising projects, hoping the team would be more passion in developing this project in the future, so that this project can run smoothly and achieve maximum success with, zeal and success for this project.

First off we want to thank everyone for their support, questions, ideas, feedback, participation, and engagement. Hearing all the positive feedback, and love from everyone has made all the cups of coffee and sleepless nights worth it! Today marks a monumental day for the history books of Blockchain, the world first Interactive ICO is now open.

CHECKLIST:

1) Make sure you have submitted your KYC application at https://www.kleros.io/kyc

2) Have a web3 browser (like Metamask ) installed, setup, and ETH available in the same wallet address you submitted in the KYC form. It is important that the addresses match.

3) Starting on May 15th, 2018 at 15:30 UTC, while using a Web3 enabled browser go to https://sale.kleros.io

 → Don’t get phished! The official and only Kleros URL is at https://sale.kleros.io bookmark the page to stay secure.

4) Share to the world that you’re officially part of blockchain history!



KEY DATES


Kleros’ Interactive ICO Round 1 opens on May 15th, 2018

Kleros’ Interactive ICO Round 1 closes on July 15th, 2018

Interactive ICO phases details:

Phase 1 — Full Bonus Phase — May 15th through June 15th, 2018

Phase 2 — Partial Withdrawal Phase — June 15th through July 1st, 2018

Phase 3 — Withdrawal Lockup Phase — July 1st through July 15th, 2018



TOKEN INFORMATION


Token name: Pinakion

Token symbol: PNK

Total tokens available: 1000000000 (1 Billion)

Tokens available in Round 1: 160000000


For more information on the mechanics of the Interactive Coin Offering please read this post:
https://medium.com/kleros/how-interactive-coin-offerings-iicos-work-beed401ce526

The full bonus phase is available until the 15th of June. Full bonus is 20% and will then start decreasing linearly down to 0 after the 15th of June.

Hey! What bonus i will get if i buy tokens now?

Glad you found us! Thanks for the comment also. 

Your MVP video is really good. Great project!

I know of a good project when I am seeing one and I think Kleros has been receiving good reviews lately and in fact I read a list of good ICOs and you are mentioned as one of the top 7. Maybe the thing is that the project is not generating enough buzz and let's admit it there must be a little hype to push it to more audience. Now...there is a great chance for more buzz if the planned AIRDROP can be implemented or better have a good bounty program involving the social media. Just my idea, anyway.

Thanks for the kind words.

We are looking forward to our IICO opening on the 15th of May.

Register for they KYC here.

project with a very good concept, I think a project like this will be very useful and very helpful for people who have a dispute, need to monitor further developments

would like to reserve german translation

Vulnerability bounties (up to 50 ETH)

For more details on Github: Click Here



The bounty program includes contracts developed by the Kleros team and third-party ones we will rely upon:

IICO.sol
LevelWhitelistedIICO.sol
The token will be a MiniMeToken (with a slight modification of the approve function to follow ERC20 recommendations) as deployed here.

The beneficiary will be a Gnosis MultiSigWallet that you can find here at commit e1b25e8.

This contract has up to 50 ETH of bug and vulnerabilities bounties attached.

Only vulnerabilities which can lead to real issues are covered by the bug bounty program. As an example, finding an addition which can overflow leading to someone else losing money is a vulnerability, but simply stating "Not using SafeMath is bad" isn't (in our case, we chose not to use SafeMath, as blocking the finalization would be a more critical failure mode than an overflow).



The vulnerability payout ranges from 1 ETH (display issue which is unlikely to lead to any significant loss of funds) to 50 ETH (vulnerabilities which would make someone likely to steal ETH from the bidders or the beneficiary).

The OWASP matrix is used to determine payouts: OWASP



Critical: Up to 50 ETH.

High: Up to 30 ETH.

Medium: Up to 20 ETH.

Low: Up to 4 ETH.

Note: Up to 1 ETH.

The final vulnerability classification belongs to the Kleros team, but we are obviously committed to ensure a fair remuneration for bounty hunters in order to improve the security of the Ethereum ecosystem.

Vulnerabilities should be disclosed to [email protected], please includes [BUG BOUNTY] in the subject. Note that only the first party to report a vulnerability is eligible to bounties. The last submissions are due for May 14 in order for us not to start the sale would a vulnerability be discovered. Later submission would still be eligible but at a reduce payout.

Huge news! Kleros joins the Thomson Reuters Incubator program.

We're extremely happy to be collaborating with such a huge and important company. Read more about it in the link below.

https://medium.com/kleros/kleros-joins-thomson-reuters-incubator-to-build-a-justice-protocol-for-the-internet-a36c232b8af0