Dispute Resolution Layer that provides fast, secure and affordable arbitration for virtually everything. They use blockchain technology to provide contracts verification and arbitration for services. For example, at the start of a project, customers funds are help in a smart contract. If the buyer is happy with service, funds are sent to the contractor. If not, a dispute is made and Kleros use crowd source jurors to settle the dispute.
Low - Medium
Kleros are trying to solve a real issue when it comes to disputes within an exchange of services for funds. It was many ways in which their system can be used from Freelancing, Crowd Funding, Curated Lists, Gaming, E-Commerse, Insurance, Oracles, Escrow etc. So they have a huge market that they could tap into. They seem to be a fairly young team, but despite this they have a huge amount of knowledge in blockchain. However we would have like to have seen some proof of business acumen and success in tech start-ups. The useable version of the platform won’t be released until Q2 2019 which is a while away. They decided to use a new method for token distribution proposed by Vitalik Buterin called Interactive Coin Offering (IICO). Instead of making one large sale in one round as most projects, the sale will be done through multiple rounds as they reach critical product milestones. They are selling 16% of token supply in the first round and have 50% remaining. Token Sale begins 15th May 2018.
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