Augur 2018-02-07T19:58:58+00:00

what is augur what is a future market prediction

What is Augur?

Augur is a decentralized open source prediction market, which is built on the Ethereum blockchain. On the Augur platform users will be able to make a prediction on anything and users will be able to buy or sell shares in that prediction based on whether they think it will happen or not.

No matter the market, users will be able to buy shares on the specific outcome they feel is the most likely. This could be anything from the weather, to the winner of an election. It is effectively betting however the price of each contract will add up to a total of $1. If the chance of an outcome happening was even money (50%) the contract would cost 50 cents each and you could buy or sell as many as you wanted. The price of a contract will also automatically adjust based on the number of contracts being bought or sold. users will also be able to report on outcomes this will earn them reputation (REP), dependant on how much reputation an individual has will depend on how accurate their outcome reports are. Augur is built on the Ethereum blockchain as it will allow for smart contract technologies to be implemented.

The Augur actually means “(of an event or circumstance) portend a good or bad outcome.” Making for a very fitting name for the project.

Where to buy Augur(REP)

More information and resources

Augur (REP) Live Price:

Recent cryptocurrency news

  • Switch v NEX: NEP5 DEX review

Switcheo v NEX – NEP5 DEX Review

April 19th, 2018|0 Comments

This year has seen the rise of NEP5 tokens, with a number of exciting projects launching on the NEO blockchain. It is exciting times for NEO and NEP5 investors given the hype behind a number of [...]

Are Amazon Set To Follow Pornhub and Accept Cryptocurrency?

April 19th, 2018|0 Comments

As the popularity of cryptocurrency increases, we're slowly seeing mass adoption take hold. Most recently, Pornhub partnered with Verge (XVG), as well as several other major players in the online porn industry. Pornhub is by [...]

  • verge pornhub partnership insider trading

Verge Pornhub Partnership… Insider Trading?

April 18th, 2018|0 Comments

You may be familiar with the Verge Pornhub partnership in which Pornhub announced they now accept Verge as a payment method. This has been trending across the cryptocurrency world over the last 24 hours. [...]

  • NEP5 token what is an NEP5 token

Next NEO ATH Price 2018 Prediction

April 18th, 2018|0 Comments

One things for certain in the crypto world, nobody knows what the price will be tomorrow. Predictions are pretty much impossible to make accurately, a fact proved true last year when the Bitcoin price smashed [...]