Review on Augur by Mr Benji

Name: Augur
Item: Augur
Rating: 4

June 14, 2019

Not a blockchain?

1. Team - Large group of advisers, including Vitalik Buterin - creator of Ethereum.
﻿
2. Not a blockchain? - 
You should definitely point out, Augur is not a cryptocurrency.
 Augur is an open source, decentralized forecasting market based on Ethereum, written in Serpent and JavaScript. Users will be able to create their own markets with selected questions. The rest then buy positive or negative shares by betting on the result to be rewarded for a successful forecast of events in the real world. Augur points out that the markets will not be limited to the "yes or no" answer, meaning that it offers us more than just binary options. We will be able to create markets with multiple-choice questions as well as those in which the answer is in a given numerical range.
﻿
3. Rep token use case - For participating in the transmission of information about the outcome of events to the network, you will be entitled to a portion of transaction fees. Each REP gives 1 / 22.000.000 of all Auguru transaction fees. The more Reputation you have and the more accurately you inform the more you can collect. Replicator is a calculator made by the Augur community, which will calculate the estimated amount of income. Thus, in the future, people with a lot of REP will be able to earn a living by doing reports to the network.
﻿
﻿
4. Distribution - 
ICO - 8 800 000 tokens (80%) were distributed to investors who supported the project. The remaining 2,200,000 (16%) went to developers and advisers, and 4% to the Forecast Foundation - a non-profit organization formally responsible for the development and promotion of the platform
﻿
5. Idea -  
Augur is mainly different in that it is not only cryptocurrency software. This is the first large decentralized application project (Dapp) on the Ethereum platform. It will not be used to transfer cash and as a forecast market based on user predictions. So you can say that everything differs from Bitcoin.
﻿

Updated 6 years ago

Rating changed from 3 to 4

Augur is working hard on The v2 Trading UI updates. Redesign and new options for mobile users as well as the integration of Multi-Collateral DAI as the denominated currency. 
They gave us also a sneak peek of the new look on their twitter. 
﻿

Pros