Key metricsKey metrics
PricePrice$10.82
Asset TypeAsset TypeFuture
StructureStructureDecentralized
Project StatusProject StatusWorking Product
OwnershipOwnershipFree
SectorSectorPrediction Market
IndustryIndustryBlockchain
FoundedFounded6-Jul-1905
Funds raisedFunds raised5M
CountryCountryUnited States
Key personKey personJoey Krug

Augur (REP) Information{coin_name} ({symbol}) Information

A prediction market protocol owned and operated by the people that use it.

Augur was founded in 2014 by Jack Peterson and Joey Krug to develop a decentralized oracle and prediction market platform on the blockchain that could be deployed by anyone as open-source software. Krug has since left the project to join a crypto hedge fund Pantera Capital. The alpha version of Augur was released on the Ethereum testnet on June 16, 2015. The first beta version was released in March 2016. A main network release of the first official Augur trading market (the bounty market) is currently planned for early 2018 (with the full Augur platform released for deployment in stages following the successful resolution of this inaugural market). The Augur team announced the completion of the security audit of Augur Core by Open Zeppelin, suggesting the completion of the smart contracts for the Augur network.

Team OverviewTeam Overview

John Danz
Front-End Developer
Joey Krug
Co-founder & Senior Back-End Developer
Stephen Sprinkle
Senior Front-End Developer
Paul Gebheim
Code Monkey
Aaron Drake
Senior Back-End Developer
Jack Peterson, PhD
Co-founder & Lead Developer
Alex Chapman
Senior Back-End Developer
Scott Bigelow
Back-End Developer
Serena Randolph
Front-End Developer
Ivan Petric
Marketeer
Austin Williams
Researcher
Peronet Despeignes
SpecialOps
Tom Kysar
Operations
Tom Haile
Code Mercenary
Stephanie Alexander
Technical Writer
Vitalik Buterin
Advisor
Ron Bernstein
Advisor
Dr. Robin Hanson
Advisor
Joe Costello
Advisor
Dr. Abe Othman
Advisor
Houman Shadab
Advisor
Elizabeth Stark
Advisor

OrganizationsOrganizations

Forecast Foundation OU

Company NumberCompany Number Company Code : 12894333
Denver

Questions and AnswersQuestions and Answers

What is Augur Protocol?
Augur is a decentralized oracle and peer to peer protocol for prediction markets. Augur is free, public, open source software, portions of which are licensed under the General Public License (GPL) and portions of which are licensed under the Massachusetts Institute of Technology (MIT) license. Augur is a set of smart contracts written in Solidity that can be deployed to the Ethereum blockchain. Augur is a protocol, freely available for anyone to use however they please. Augur is accessible through a desktop client app, similar to interacting with an Ethereum or Bitcoin node. Users of the Augur protocol must themselves ensure that the actions they are performing are compliant with the laws in all applicable jurisdictions and must acknowledge that others’ use of the Augur protocol may not be compliant. Users of the Augur protocol do so at their own risk.
What’s different between Augur and other prediction market platforms?
The Augur protocol is the only prediction market protocol that the Forecast Foundation is aware of where the development team doesn’t do anything beyond writing the free open source code. The Forecast Foundation and the people who’ve written the Augur protocol code don’t create markets on the Augur protocol itself, they do not perform trades, or have the ability to monitor, control, censor, or modify any actions performed on the Augur protocol. Instead, the Forecast Foundation encourages users to perform these actions from jurisdictions where they have proper licensing and guidance, and where they can follow the appropriate regulations governing the actions they perform on the Augur protocol.
Who has the ability to access the Augur protocol and perform actions?
Augur is a set of smart contracts that can be deployed to the Ethereum blockchain. Any user who downloads and runs the Augur software has access to the Augur protocol on the Ethereum blockchain. There is currently no platform or deployment of Augur built or catered for specific users, locales or countries, and the Forecast Foundation does not host any deployment of Augur or the client used to interface with the Augur protocol. The Forecast Foundation has no control over what people choose to do with the Augur protocol. The Forecast Foundation does not and will never host or operate any platform or version of Augur. The Forecast Foundation cannot monitor, control or restrict access to such software from certain users. The Forecast Foundation does encourage users to follow their respective local jurisdictional laws, rules and regulations, even though it can’t and doesn’t control their use of the Augur protocol. In short, anyone who can access the Ethereum blockchain can access Augur, because Augur is a set of smart contracts that exist on the Ethereum blockchain.
What is Reputation (REP)?
Reputation (REP) is a cryptocurrency, used by reporters during market dispute phases of Augur. REP holders must perform work, in the form of staking their REP on correct outcomes, to receive a portion of the markets settlement fees. If you do not report correctly, you do not get the fees. If you report incorrectly, you lose your REP. If you don’t participate in a fork (when the network has a very large dispute over an outcome), you lose 5% of your REP. Passive holders of Reputation (REP) that are not using their Reputation (REP) within the Augur protocol to stake on disputes and forks are penalized. The treatment of REP within the Augur protocol is governed not by the Forecast Foundation but by the protocols smart contracts as described in the Augur white paper and documentation.
Does the Forecast Foundation offer any products or services?
The Forecast Foundation does not offer any products or services. The Forecast Foundation develops free open source software, the Augur protocol. Augur is free software, which acts as a decentralized oracle and peer to peer prediction market protocol.
Is Augur itself a prediction market?
Augur is not a prediction market, it is a protocol for cryptocurrency users to create their own prediction markets. Augur is a set of open source smart contracts that can be deployed to the Ethereum blockchain. The Augur protocol is nothing more than open source software, and individual users of the Augur protocol are the ones that create prediction markets using the Augur protocol. The Forecast Foundation has zero involvement in the creation of individual prediction markets on the Augur protocol, and the Forecast Foundation is not "Augur".
Are markets on the Augur protocol binary options, derivatives, CFDs, futures, or options?
Markets on Augur are created by individual users of the Augur protocol. The Forecast Foundation does not operate or control, nor can it control, what markets and actions people perform and create on the Augur protocol. People who do create markets using the Augur protocol must ensure they’re in compliance with all their local jurisdictional laws, rules and regulations. Markets on the Augur protocol are settled in Ether [ETH].
What does the Forecast Foundation do and what does it not do?
The Forecast Foundation writes and publishes open source software on Github. There is a test website for developers at dev.augur.net running on the test network of Ethereum (play money), however the Forecast Foundation does not run or operate any website hosting a deployment of the Augur protocol on the main network of Ethereum (real money). The Augur protocol is a set of Solidity smart contracts that exist on the Ethereum blockchain.
Does the Forecast Foundation have any control, influence or power over markets created on the Augur protocol?
Augur is not a prediction market, it is a protocol for cryptocurrency users to create their own prediction markets. The Augur protocol is nothing more than open source software, and individual users of the Augur protocol are the ones that create prediction markets using the Augur protocol. The Forecast Foundation has zero involvement in the creation of individual prediction markets on the Augur protocol, and the Forecast Foundation is not "Augur". The Forecast Foundation is a group of developers and technology professionals who are passionate about the potential of decentralized applications. The Forecast Foundation does not own or lead Augur, and receives no fees from the use of the protocol, but rather supports and develops the free, open-source protocol that is Augur. The Forecast Foundation has no role in the operation of markets created on Augur, nor does it have the ability to censor, restrict, control, modify, change, revoke, terminate or make any changes to markets created on the Augur protocol. The Forecast Foundation has no more control over the Augur protocol than anyone else using Ethereum. Moderation or censorship could be performed by Ethereum miners, as they are the ones that process transactions and actions performed on the Augur protocol. Users of the Augur protocol must themselves ensure that the actions they are performing are compliant with the laws in all applicable jurisdictions and must acknowledge that others’ use of the Augur protocol may not be compliant. Users of the Augur protocol do so at their own risk. Users of the Augur protocol who decide to be market creators are the ones who are actually putting such market into existence. The Forecast Foundation does encourage users to follow their respective local jurisdictional laws, rules and regulations, even though it can’t and doesn’t control their use of the Augur protocol. In short, anyone who can access the Ethereum blockchain can access Augur, because Augur is a set of smart contracts that exist on the Ethereum blockchain.
How are shares in markets delivered and settled?
The delivery mechanism of outcome tokens purchased on the Augur protocol is performed by Solidity smart contracts deployed on the Ethereum blockchain, and these smart contracts programmatically match and settle users order. The Forecast Foundation does not match or deliver these orders, nor operate the Augur protocols contracts. Ethereum miners and node operators collectively perform these functions.

TechnicalTechnical

Key metricsKey metrics
PrivacyPrivacyPseudonymous
AlgorithmAlgorithmEthash
ProofProofProof of work
Token InformationToken Information
Augur is a token on the ETH platform using the ERC-20 standard. The address of the token contract is 0x1985365e9f78359a9B6AD760e32412f4a445E862.

Source Code Repositories

AugurProject/augur-core 552 Stars 34 Contributers 1 Open Issues

Augur back-end (Ethereum contracts)

AugurProject/augur-ui 412 Stars 62 Contributers 6 Open Issues

Augur UI

AugurProject/augur-app 212 Stars 19 Contributers 3 Open Issues

Augur Desktop Electron Application

EconomicsEconomics

Tradeable CoinsTradeable Coins
11,000,000 (100% of total) ({tradeable_of_total} of total)

Rich List Addresses holding the largest balances

AddressAddress AmountAmount NameName
0xece05c2767617c148b8ed1442019625567d02a0f 562,032.872444
0xa2a8f158aed54ce9a73d41eeec23bf3a51b5654d 539,544.092652 KrakenREP
0xfbb1b73c4f0bda4f67dca266ce6ef42f520fbb98 503,312.093076 Bittrex 1
0xb1ca214ea0d090c9f57f5df5d3176b0c7eeedd56 435,619.492974
0x7102538e358d02d80656264f95519041e78fe1fd 390,579.915718
0xd4e63d63a418140636155b41ccae365f95a15c52 373,881.670606
0xd1dc83b4d8e303e5a3ed440c448760b600dd4365 290,000
0xa910f92acdaf488fa6ef02174fb86208ad7722ba 289,141.860643 Poloniex 4
0xbfaa1a1ea534d35199e84859975648b59880f639 284,500.901456
0xf7e720caa620fe7083bb50c0fa8e2748e22a7bf2 283,040.935647
0x0887159799951fa038ecd71dd8335d2c19d14d29 208,546.602052
0x4ea8f8d86458340b6471c7db8e7e8bdb2cc8ddae 200,640.977861
0xbe0eb53f46cd790cd13851d5eff43d12404d33e8 200,000
0xaf54743051f61fda465609460f081c9aa426569e 200,000
0x89a0749181f73e9eae7ff084ad97c36a44d47563 197,137.023572
0x47be50d4128da987f30e0ec8bb59006083903655 183,165.224
0xf9706224f8b7275ee159866c35f26e1f43682e20 182,593.292592
0x982011ce5b9238916f2beccff342ca4c36cafe7f 112,948.080222
0xc3590c15cd253e93a70430f4c1e254ae9303748e 100,000.986527
0xf977814e90da44bfa03b6295a0616a897441acec 100,000.226434

Exchange Markets

ExchangeExchange MarketMarket PricePrice DiffDiff Volume 24hVolume 24h SpreadSpread Spread $1kSpread $1k
Coinbase Pro REP/USD $10.83 0.03% $385,004 0.19% 0.19%
Kraken REP/EUR $10.86 0.32% $175,709 0.29% 0.4%
Binance REP/BTC $10.82 -0.01% $161,314 0.22% 1.3%
Coinbase Pro REP/BTC $10.84 0.21% $123,971 0.44% 0.44%
Kraken REP/BTC $10.83 0.1% $60,223 0.54% 0.98%
Kraken REP/USD $10.81 -0.13% $52,408 0.41% 0.89%
Upbit REP/KRW $10.61 -2% $50,074 1.4% 1.5%
Bittrex REP/BTC $10.84 0.19% $49,863 0.68% 1.5%
Kraken REP/ETH $10.81 -0.1% $32,613 0.76% 1.1%
Binance REP/ETH $10.83 0.07% $25,437 0.41% 1.7%
Poloniex REP/BTC $10.84 0.17% $6,884.19 0.61% 1%
Poloniex REP/USDT $10.82 -0.04% $5,193.19 2.1% 2.1%
Bittrex REP/ETH $10.85 0.25% $4,864.39 0.89% 1.4%
Binance REP/BNB $10.84 0.19% $2,677.88 1% 6.4%
Bitfinex REP/BTC $10.85 0.24% $1,571.12 1.3% 1.4%
Poloniex REP/ETH $10.65 -1.6% $363.31 2% 8.9%
Bitfinex REP/BUSD $10.82 0% $213.05 5.9% 5.9%
Bitfinex REP/ETH $10.48 -3.1% $84.69 3% 3%
Gate.io REP/ETH $11.23 3.8% $0.0000 29%
Lykke REP/BTC $14.86 37% $0.0000 66%
Lykke REP/ETH $11.86 9.6% $0.0000 10%

Latest Augur NewsLatest Augur News

STLD on Twitter

Instant Settlement for @AugurProject Markets https://t.co/TcfP5yemdT

Augur on Twitter ReadRead 

Augur on Twitter

Augur Weekly Report - August 7th ?? The Augur Affiliate Blueprint ?? Augur Metrics ?? Around the Ecosystem https://t.co/dgkJoRJ1Y3

Augur on Twitter ReadRead 

Flux Market on Twitter

Over the past couple of months, we conducted an in-depth look into the @AugurProject ecosystem. This article covers the current state of adoption, liquidity, volume, REP distribution, REP/Market participation, and active resolution participants. https://t.co/cP9KHghWbI

Augur on Twitter ReadRead 

Ben Davidow on Twitter

Half year out from first Primary election and Predictit already has ~50mill usd trading volume on Dem Nominee. This is on a site that limits traders to 850 usd per market & takes 10% fees. Election markets on @AugurProject + @guesser will have NO limits & ~1% fees on big orders??

Augur on Twitter ReadRead 

Augur on Twitter

The Augur Affiliate Blueprint https://t.co/sFqua0FTh2

Augur on Twitter ReadRead 

Augur on Twitter

Augur Weekly Report - July 31st ?? Augur User Survey ?? v2 Affiliate Program ?? Augur Metrics ?? Around the Ecosystem https://t.co/akivJMBTDw

Augur on Twitter ReadRead 

Augur on Twitter

Important: 3 minute survey for Augur Users and people who have tried using Augur We’re running a survey to collect user input. This really helps, and would mean a lot to us if you can take a few minutes to complete! Thanks a bunch, Forecast Foundation https://t.co/ir4WZVWXay

Augur on Twitter ReadRead 

DeFi Pulse 🍇 on Twitter

Get a sneak peek of @AugurProject v2 on Kovan https://t.co/NtpcoC8uGE

Augur on Twitter ReadRead 

James Ryan Moreau on Twitter

Hey folks, just a heads up that @guesser has an open prediction market on the Max Holloway vs Frankie Edgar #UFC240 fight this weekend. Put your $ETH where your mouth is. #JUSTBLEED cc: @biserdimitrov @jonfitchdotnet @Benaskren

Augur on Twitter ReadRead 

Ben Davidow on Twitter

Starting in v2 @AugurProject will offer an unlimited bounty for user acquisition. Marketers, content creators + builders will get paid in direct proportion to how much new usage they bring in, earning theoretically limitless profit. This “bounty program” is called...affiliates ??

Augur on Twitter ReadRead 
This information is provided AS IS and is not adviceThis information is provided AS IS and is not advice. May contain errors or omissions. Please always do your own research before trading.May contain errors or omissions. Please always do your own research before trading.
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