Augur icon Augur (REP)
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add active $8.17  on  Oct 22, 2019 


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Augur icon Augur  at  $20.08  on  May 24, 2019

The creator of #Ethereum says #Augur is one of the cypher punk's original quest: twitter.com/...89408

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Overview of Augur

Augur is a decentralized application written on JavaScript and Solidity that uses the collective intelligence of the crowd in its market prediction platform and runs on Ethereum. It is distributed,robust, open source and aim to change the way the prediction market operates.

With Augur, users can create or even trade the prediction market by asking any questions they needanswered and pay using ETH. Augur in return incentivize reporters by rewarding them with Reputationtokens-REP, for every correct prediction and penalize those who make wrong guesses. The more the REPa user has, the more value and trust he is assigned. Each REP entitles the reporter 1/22,000,000 ofAugur’s fees and each REP is divisible by up to 1018

As it is based on Ethereum, Augur utilizes smart contracts. Its main aim is to revolutionize how theprediction markets while at the same time ensuring it remains useful and sustainable for users.

Developer(s): Forecast Foundation
Release Date: March 14, 2016

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