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Announcing Kleros Token Sale
We are delighted to announce Kleros token sale will start on the 15th of May 2018.We decided to use a new method
for token distribution proposed by Vitalik Buterin called Interactive Coin Offering (IICO). IICOs are designed to be more egalitarian than
conventional public sales, which aligns with the principles guiding the Kleros project.
Token Sale MechanicsWe believe that the mechanisms generally used for public distribution of tokens are broken.
The reasons were explained in this post.Vitalik, Jason Teutsch, CEO of Truebit, and Christopher Brown, CEO of Modular, have proposed a new model for token sales called
Interactive Initial Coin Offering (IICO), which gives participants certainty about valuation and participation in the sale.
Kleros will be one of the first projects to conduct a token crowdsale with this method.
One of the guiding principles of the IICO model is that it eliminates favoritism and
deep discounting. We have declined private sale offers, electing to proceed directly
to a public sale in which everyone has an equal opportunity to acquire tokens at the same rate.
Instead of making one large sale in one round as most projects, the sale will be done through multiple rounds as we reach critical product milestones. TOKEN ALLOCATION
Team Members: 15-20%
Airdrop: 4%
Kleros Cooperative Development Reserve: 10-15%
First Round of Token Sale: 16%
Subsequent Rounds and Juror Incentive Programs: 50%
The Road Forward
Kleros is based on the fundamental principles of justice and democracy in ancient Greece, improved upon by
the invention of blockchain, and applied to the modern global age of the internet.
Our core values of justice and fairness will be reflected in the methodology we have chosen for the token sale.
We aim at setting a new standard of quality.
In demonstrating a working MVP(Try for yourself here), a clear roadmap and a fair token sale, our hope is to
bring back some sort of sanity to a somewhat crazy ICO market and instill confidence in those that believe in what were doing.
Were extremely proud of the work we have done in the past year, with a great team of nine people from all around the world.
Kleros was entirely self funded from the outset and we have not created any FOMO incentives to drive engagement.
Ultimately, our goal is to bring justice and arbitration to millions of people who have otherwise been marginalized and priced
out of doing so by the current systems.
Satoshis original vision was for the majority to be able to interact and take control over certain aspects of their lives which
were hitherto inaccessible. As Bitcoin came with the promise of banking the unbanked, Kleros comes with the promise
of bringing justice to the unjusticed.
Fast, transparent and inexpensive justice for all. Join the community discussion and keep up-to-date
with any announcements in our Telegram channel.
