Augur is a decentralized forecasting market platform based on Ethereum blockchain technology. Users can use digital currency to predict and bet, rely on the wisdom of the masses to predict the development of the event results, can effectively eliminate the risk of counterparties and server centralization, at the same time, use cryptocurrency (such as Bitcoin) to create a global market.
Augur is a decentralized forecasting market platform based on Ethereum platform. With Augur, anyone can create a forecast market for any topic of interest (such as who will win the US election), and provide initial liquidity, which is a decentralized process.
In return, the creators of the market will receive half of the transaction costs from the market. Ordinary users can predict and trade stocks of events on Augur according to their own information and judgment, such as the US presidential election. When the event happens, if you predict the right stock and hold the right result, you will get $1 per share, so your return is $1 less the original purchase cost. If you predict the wrong stock and hold the wrong result, you won't get the reward, so your loss is the original purchase cost.
Many factors make Augur different from the traditional forecast market, but the most important difference is that it is global and decentralized. Augur can be used by anyone around the world, which will bring unprecedented liquidity, trading volume and a variety of perspectives and topics that traditional exchanges have never had.
Full Name in English：Augur
Full Name in Chinese：/
Investor/Institution：1confirmation、KR1、Wave Financial、Block Ventures、LuneX Ventures、Starchain Capital
Issue date: October 4, 2016
White Paper Link：https://www.augur.net/whitepaper.pdf
Disclaimer: this introduction derives from the white paper and other official information released by the official project team so that investors can better understand the token and the corresponding project. The content of this paper is obtained through legal channels to ensure the reliability, accuracy and completeness of the information as far as possible, but the accuracy and completeness of the information mentioned in the report are not completely guaranteed. The content of this paper cannot be used as the basis for investment research decisions, moral, responsibility and legal basis or evidence, whether explicitly or implicitly.
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