Kleros, a dispute resolution layer for the internet, has announced that it will be using the model of an Interactive Token Sale for its crowd sale which is set for the 15th of May, 2018. Kleros has not accepted private funding and will not perform a pre-sale for private parties.
Kleros works by arbitrating disputes over transactions, services or potentially anything on the internet, by randomly selecting jurors who are experts and also hold the projects native token, named the Pinakion (PNK). Holders of PNK tokens are eligible to become jurors in disputes that have been initiated by two parties that elected to use Kleros for their dispute resolution. Based upon how jurors vote, holders of PNK can earn additional tokens if they judge the dispute correctly, according to their peers.