Kleros 

PNK Price

What is Kleros (PNK)?

Kleros is a decentralized arbitration protocol on Ethereum that settles disputes through randomly selected jurors instead of courts. The project functions as a dispute resolution layer for smart contracts: e-commerce disputes, insurance claims, token-list curation such as Uniswap token lists, and DAO governance disputes. Jurors stake the PNK token and vote on cases. Voters in the coherent majority earn arbitration fees, while minority voters forfeit part of their stake. Kleros operates under Coopérative Kleros, a French cooperative founded by Federico Ast.

How does Kleros decentralized arbitration work?

A party with a dispute submits a case to a Kleros court and pays an arbitration fee. The protocol randomly draws PNK-staked jurors for that case. Each juror reviews the evidence and votes on the outcome. The mechanism rests on a game-theoretic concept called a schelling point: jurors who vote with the majority share the fees, and jurors in the minority lose part of their staked PNK. This design pushes juror incentives toward honest, coordinated rulings.

What do Kleros jurors earn for coherent votes?

Jurors who vote with the majority earn arbitration fees plus a share of the PNK forfeited by incoherent voters. Jurors in the minority forfeit part of their stake. The amount of PNK a juror stakes determines both the probability of being drawn for a case and the size of the potential loss. Per the Kleros whitepaper, roughly 30% of the genesis supply — the Members cohort — releases over time to active jurors as proof-of-participation rewards.

Besides juror rewards, what is the PNK token used for?

PNK works as the governance token of Kleros. Holders vote on court parameters, policies and incentive settings. Staking PNK is also the entry requirement for serving as a juror — no stake means no case assignments. The token exists on both Ethereum and Arbitrum One with 18 decimals on each chain, so holders can move PNK between the two networks for staking or trading.

Does PNK have a max total supply?

PNK has no fixed maximum supply. The Kleros Cooperative planned 1,000,000,000 PNK, but actual supply changes only through community governance and has grown through additional minting such as cooperative and juror allocations. The result is structural dilution for holders unless token demand offsets new issuance. The current on-chain total is verifiable on Etherscan and in DropsTab's supply data.

Is Kleros (PNK) a coin or a token?

Kleros (PNK) is a token, not a coin: it runs on existing blockchain infrastructure rather than its own chain. The token lives on Ethereum and on Arbitrum One, with 18 decimals on both networks. DropsTab classifies PNK under the Predictions category. Because PNK is an ERC-20 asset, holders use standard Ethereum wallets — no native Kleros chain or gas asset exists.

Who backed Kleros and how much did the project raise?

Kleros raised about $4.8 million across three token sales with no venture capital investors — per DropsTab funding data, all three rounds list an empty investor base. The Public Presale on May 14, 2018 raised $2,607,300 for 160,000,000 PNK. The Public Sale in January 2020 raised $2,002,030 for 150,000,000 PNK. An OTC Sale the same month added $194,750 for about 45.6M PNK. Bpifrance later awarded €718,017 in non-dilutive funding.

What does Kleros' no-lockup sale structure mean for token unlocks?

Kleros has no dated vesting schedule and no scheduled unlocks. All three fundraising rounds carried a "No Lock Up" distribution type, so sold tokens were delivered immediately between 2018 and 2020 — the sell pressure from those sales is historical, not forward-looking. The Members cohort reserved for jurors releases through participation rather than a cliff calendar. Remaining dilution risk comes from governance-driven supply expansion, not unlock dates.

Where can I buy Kleros (PNK)?

PNK trades on decentralized exchanges only — no centralized exchange lists spot or derivative markets for the token. Liquidity sits in Uniswap V2, Uniswap V4 and Sushiswap pools across Ethereum and Arbitrum One, quoted against WETH and WSTETH. Because no CEX provides a fiat on-ramp, buyers route through an on-chain swap. Depth depends on a handful of AMM pools, so large orders move the price.

What is the Kleros 2.0 roadmap?

Kleros 2.0 targets multi-chain arbitration: a court on the home chain issues a ruling, and arbitrable contracts on other chains execute that ruling. The design lets one Kleros verdict settle disputes across multiple networks instead of one court per chain. PNK already trades natively on Ethereum and Arbitrum One, which aligns with the multi-chain direction.