Augur has been built to predict the future, making a service that utilizes the knowledge of a big group of people and rewards the right ones.
Our Joke Name
Augur = Time Machine
Link to the main website
Link to price/market cap
Exchange Ticker (REP)
Coin or Token
Circulating Supply (11,000,000)
Block time (under 60 seconds)
Market Cap Ranking
Groups of people wager money on future events, the more you get right the bigger the influence you will have on the prediction outcome.
This is a interesting idea as it is decentralized and results will be available for anyone to view.
I can see a few problems, sometimes groups of people are not smarter than a few experts. People that have a huge influence might be bribed to sway the odds of something or guess wrong to profit from the outcome.
No matter how much we want it, we don’t know the future and augur will not change that. It will slightly sway the odds on some things.
Augur is a decentralized prediction market built on the Ethereum blockchain. It allows you to forecast events and be rewarded for predicting them correctly.
- Interesting Idea
- Top 50
- Could sway markets
- Could be corrupted