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Augur

Augur (REP)

$ 1.17
-6.85 %
Main info
News
Comments
Markets
Analytics
Market cap
$13.51M
-6.85 %
Volume (24h)
$492.57
-6.85 %
Circulating supply
11,000,000 REP
Total supply
11,000,000 REP

About Augur

Overview

Augur is a decentralized oracle and peer to peer protocol for prediction markets. Augur is free, public, open source software, portions of which are licensed under the General Public License (GPL) and portions of which are licensed under the Massachusetts Institute of Technology (MIT) license.

Technology

Augur is a set of smart contracts written in Solidity that can be deployed to the Ethereum blockchain. Augur is a protocol, freely available for anyone to use however they please.

Accessibility and Risks

Augur is accessible through a desktop client app, similar to interacting with an Ethereum or Bitcoin node. Users of the Augur protocol must themselves ensure that the actions they are performing are compliant with the laws in all applicable jurisdictions and must acknowledge that others’ use of the Augur protocol may not be compliant. Users of the Augur protocol do so at their own risk.

Key data

updated $0
Market cap$13.51M
Volume 24h$492.57
Circulating supply11M
All-time high$123.24-99% from peak · 2018-01-11

Augur (REP) is a decentralized prediction market platform built on Ethereum. It allows users to create and participate in prediction markets on virtually any topic. REP is the native token used for reporting and disputing outcomes.

Frequently asked questions

What is Augur and how is it different?

Augur is a decentralized prediction market platform that leverages blockchain technology for transparency and trust. Unlike traditional prediction markets, it operates without a central authority, relying on crowd-sourced reporting.

How does Augur's consensus mechanism work?

Augur uses a Proof of Work (PoW) consensus mechanism for its Ethereum-based smart contracts. REP token holders report and dispute event outcomes, ensuring decentralized and accurate market resolutions.

How is REP token emission structured?

REP tokens were initially distributed through a crowdfunding campaign. There is no ongoing mining or minting; the total supply is fixed, and tokens are used for reporting and disputing market outcomes.

How can I store and use REP tokens?

REP tokens can be stored in any Ethereum-compatible wallet. They are used within the Augur platform to report on market outcomes and resolve disputes, incentivizing honest reporting.