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The outcomes of Augur’s prediction markets are chosen by users that hold Augur’s native Reputation (REP) token, who stake their tokens on the actual observed outcome and, in return, receive settlement fees from the markets. Augur’s incentive structure is designed to ensure that honest, accurate reporting of outcomes is always the most profitable option for REP token holders. Token holders can post progressively-larger REP bonds to dispute proposed market outcomes. If the size of these bonds reaches a certain threshold, REP splits into multiple versions, one for each possible outcome of the disputed market; token holders must then exchange their REP tokens for one of these versions. While the Augur app and its protocol run on the Ethereum platform, the native ERC20 token REP is used for payments or payouts on Augur.
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Augur is a prediction market platform for any kind of event: politics, sports, weather forecasts and more
Augur’s code is Open-source, which means anyone can read it and create new versions of it
REP is a token based on the ERC20 standard, running on the Ethereum blockchain
Easy and convenient trading platform for new and experienced users
Secure, safe and free wallet service included
Fast and reliable, available 24 hours a day, 7 days a week
Over 30 digital assets, including Bitcoin, Ethereum, Ripple and more
European company, founded in 2014 in Vienna, Austria
Multiple fiat currencies, including euro, Swiss franc, British pound and US dollar