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Welcome to the
Kleros Token Sale!

Announcement
Token sale starts on May 15:
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Pinakion Token (PNK)

PNK provides jurors an incentive to vote honestly. Users trying to game the system will lose money.

Pinakion Feature

Pinakion protects the system from sybil attacks, while also providing jurors an incentive to vote honestly.

How? Read the white paper Right Arrow
Contract

Interactive Coin Offering

Kleros token sale will use the new method recommended by Vitalik Buterin to distribute tokens in a fair way.
Read Vitalik’s Interactive Coin Offering paper here. Right Arrow

Dispute

Distribution

1 billion PNK will be created and distributed in a fair manner using the IICO.

Selection

KYC

We’ve partnered with Consensys to provide a secure, stable and efficient KYC process.

Click below to watch a working demo of our arbitration protocol.

We’re well on our way to a working system which will be scalable, secure and fair for all.

Total token supply: 1,000,000,000 PNK

15%-20%
Team Members
16%
First Round of Token Sale
50%
Subsequent Rounds and Juror Incentive Programs
10%-15%
Kleros Cooperative Development Reserve
Founders and early team members are unable to sell all of their token allocation until a three year period of working with Kleros has passed.

In the first token distribution event, 16% of tokens will be sold to the public. The other 50% will be sold in the future as the team reaches milestones in project development and for juror incentive programs.
Token Distribution Pie
              Chart

Token Sale Mechanics

What's an IICO?
The Interactive Coin Offering (IICO) is a new protocol advocated by Vitalik Buterin, Jason Teutsch and Christopher Brown to make token sales more egalitarian. It lets each contributor choose an amount to bid and a “personal cap” on the total valuation.

The value of the token will be determined by the market, following a number of rounds where participants will make bids and adjust their caps. This provides certainty of participation and valuation to all parties, no matter their size.
How can I get a bonus?
Kleros has not done a token pre-sale nor sold tokens at discounted rate. However, as a way to incentivize price formation, the Interactive Coin Offering rewards participants who make their contribution early in the sale. Buyers who purchase tokens early will receive a 20% bonus. The bonus decreases smoothly down to 10% at the beginning of the withdrawal lock, and then goes to 0% by the end of the crowdsale.

Roadmap

TokenSaleRoadmap
              Image

Legal

Kleros will be incorporated as a French type of social enterprise, called a "cooperative company of public interest" or SCIC (sociétés coopératives d’intérêt collectif). This cooperative and community-oriented company operates under French jurisdiction and makes it possible to share the governance of the project and avoid commercial buyout by another company or a competitor.

This legal entity makes sure that the totality of funds produced in the token sale will be used for the development of the project. Founders are not legally allowed to distribute funds under the form of dividends.
Legal structure

Expected Expenses

45%
Product Development
25%
Research
10%
Ecosystem Development
10%
Communication
10%
Operations & Legal
Expenses Pie Chart

Kleros — The Blockchain Dispute Resolution Layer

Get to know our team.
Ask questions and contribute to the development of Kleros.
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