Difference between revisions of "Augur"

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| company_name = Augur
 
| company_name = Augur

Revision as of 17:47, 5 July 2018


Augur
Augur.png
Founded 2015
Headquarters San Francisco, California
Key People Jack Peterson, Joey Krug
Twitter @AugurProject
Facebook augurproject
Website https://www.augur.net/
Blog https://medium.com/@AugurProject

Augur is a decentralized prediction market (betting) platform based on Ethereum.

It is a platform where third parties can organize markets to bet on outcomes of events. Users can download a software client from Augur to specify a prediction market including start time and end time, as well as event definition. ("Will the Dow Jones close above 30,000?" is an example of such an event.) The general public participates in the events using cryptocurrencies like bitcoin and Ethereum. The Augur management believed that they would elude regulatory concerns from the CFTC about prediction markets because Augur only provides software and a platform and does not run any prediction events itself.[1]

Background

Augur was one of the first organizations to raise funds by issuing tokens through its 2015 ICO. Raising about $5.2 million Augur issued 8.8 million tokens of a total 11 million supply. The tokens are called REPs.[2]

On May 18, 2018 Augur announced on Twitter that it would launch on ethereum mainnet on July 17, 2018.[3]

John Lothian News

Augur was highlighted in a recap of Consensus 2018 by contributing editor Chuck Mackie. You can read the article here.

References