What is Augur?
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