Review on Augur by Fanuel PORPORTY
What is Augur?
Augur aims to become a decentralized prediction market based on the Ethereum blockchain. The market is controlled by its users who bet on the probability of an event occurring or not (true / false, yes / no, winner / loser ...). Users will be able to create their own predictive market, i.e. their own bet, on the subjects of their choice.
Anyone can create a predictive market for an upcoming event, regardless of its nature. Who will be the next president of the republic? Will the Racing Club de Strasbourg overthrow PSG a second time? There are many examples. The creator of the bet (predictive market) must provide the initial financing and the liquidity of the shares. In exchange, the creator of the predictive market receive a percentage of the costs generated by the market, since users have the possibility to buy and sell stocks linked to this event.
Pros
- A good part of cryptocurrency investors are gamers. You have to be, a little, to invest in cryptos
- Serious and motivated team
- A long-standing project that has already proven its skills with the alpha and beta versions
Cons
- Quite complicated to understand
- The user must advance the predictive market pool at the time of its creation
