Augur is a decentralised prediction market which can forecast the outcome of an event based on the ‘wisdom of the crowd’ principle. With this method, information collected from the crowd is averaged into the most realistic possibility and therefore the most probable outcome. Correct predictions are rewarded by the network, while incorrect reporting is penalised – this incentivises truthful reporting.
The Augur aims to revolutionize prediction markets, and, in doing so, changing the way people receive and verify ‘truth’. The main idea is to make more accurate predictions by large groups of people, rather than a small team of experts.
Coin: Augur (REP)_x000D_
Algorithm: N/A_x000D_
Proof Type: N/A_x000D_
Fully Premined: 1_x000D_
Total Coin Supply: 11000000
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