Augur is a decentralized Oracle and a prediction market platform built on the Ethereum blockchain. Its native token is Reputation (REP).
Augur markets have four stages: creation, trading, reporting, and settlement. A market is created based on any real-world event. Trading begins immediately after the market is created and all users are free to trade on any market. Augur’s Oracle determines the outcome of the event after the trading. Traders can close out their positions and collect their payouts.
Users make predictions and receive rewards for correct predictions through smart contracts. The market price for a prediction is used as an indicator of the probability of an event occurring, dependent on the accuracy of the crowd prediction.
Timeline
People
Jack Peterson
Joey Krug
Further reading
Augur Has Surged by 83% Over the Past Month -- Can the Bulls Push REP Towards $14?
Yaz Sheikh
Web
Augur: a Decentralized Oracle and Prediction Market Platform
Jack Peterson, Joseph Krug, Micah Zoltu, Austin K. Williams, Stephanie Alexander
Academic
Crypto Prediction Market Augur Is Gearing Up for Its First Major Upgrade
David Floyd
Web
Forget Bitcoin. The Blockchain Could Reveal What's True Today And Tomorrow
Cade Metz
What Is Augur (REP)? | A Guide to the Decentralized Prediction Market
Steven Buchko
Web
What is Augur (REP)? Future of Augur Cryptocurrency and know how to buy Augur
CoinSwitch
Web
Documentaries, videos and podcasts
Augur - How A Decentralized Prediction Market Works (Narrated by Shooter Jennings)
May 20, 2015
Augur: An Introduction To A Decentralized Prediction Market
June 23, 2015
Augur: Beta Chat With Lead Developers Joey Krug & Jack Peterson
March 14, 2016
Companies