Kleros ICO Review

Kleros

Blockchain Dispute Resolution Layer that provides fast & secure arbitration.

Kleros Score



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.

LINKS

WEBSITE WHITEPAPERS

SOCIAL MEDIA

REVIEW VIDEO

TOKEN SALES

METRICS

Green lights

– Good at keeping community up to date with blogs and posts on Medium & Twitter. – Good Crypto partners onboard including: Ink Protocol & Dether.io – More than 50% of tokens will ‘eventually’ be sold at ICO. 16% firstly. – 3 year lock-up for team. – Kleros has not done a token pre-sale nor sold tokens at discounted rate.

red flags

– IICO token sale is unproven to be a successful way of raising capital, bit of a risk. – Young team, despite their blockchain experience. – Only 3 visible Advisors. – Token economics not 100% known. – MVP not until April 2019.

Kleros
DETAILED ANALYSIS

ICOs Found

ADVISOR SCORE

Medium

– No All Stars but some strong marketing experience from Mitchell Loureiro who was Vice President of Marketing at Steemit.

TEAM SCORE

Medium

– A fairly young team with minimal experience in running a business. They do however have a lot of blockchain experience, with a good background in tech.

HYPE SCORE

Low - Medium

– Not really know in the Crypto community, still growing on Telegram. Despite this they are ery good at keeping community up to date with blogs and posts on Medium & Twitter.

TOKEN SCORE

Medium

– 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 they have a remaining 50% which will be sold in the future as the team reaches milestones.

CONCLUSION

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.

5.2

ADVISOR

6.2

TEAM

3.2

HYPE

5.4

TOKEN

security

CATEGORY

All information including our "Grading system" rating, is provided merely for informational purposes. ICO DOG does not provide investment advice (read more).

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