X

Feedback + Support

Need Assistance? Notice something missing or broken? Let us know!

Press esc to dismiss

project icon for augur

Augur

REP
$16.22
14.62%
Positive delta icon

Augur is a decentralized oracle and prediction market platform that acts as a framework for the creation, trading, reporting, and settlement of individual, user-generated prediction markets.

Overview

Project Stage

Live status icon

Amount Raised

$5,253,265.00

Market Cap

$178MM

Sector

Prediction Markets

Blockchain

Ethereum token icon

Ethereum

Funding Source

Token Sale

Project Profile

Augur is a decentralized oracle and prediction market platform that acts as a framework for the creation, trading, reporting, and settlement of individual, user-generated prediction markets. Notably, Augur itself is not a prediction market; rather, it exists as a set of smart contract platforms on the Ethereum blockchain defining oracle processes to arbitrate markets based on the outcomes of real world events. By serving merely as a protocol for the creation and facilitation of prediction markets, Augur intends to remain unbound by laws governing both gambling and traditional binary trading service platforms. Believing predictions markets to be the optimal way to accurately forecast events, Joey Krug and Jack Peterson founded Augur in 2014 with assistance from the Forecast Foundation and launched the project’s mainnet in July, 2018.

Protocol Details

Augur is an open-source, decentralized protocol for the creation and implementation of prediction markets. In many regards, Augur functions similarly to centralized prediction market and binary trading platforms such as Nadex: it is a marketplace in which users may purchase shares whose intermediate and ultimate value depends on the likelihood and eventual outcome of real-world events, respectively. In contrast with such platforms, markets' outcomes on Augur are determined by an oracle system that incentivizes accuracy and consensus among 'reporter' submitted reports, rather than relying on a single entity to report outcomes. Users can also generate their own prediction markets for specified events, with the onus on the user to create an unambiguous market. Augur’s series of smart contracts, written in Solidity and operating on the Ethereum blockchain, define processes through which the protocol’s four main functions are conducted. At a high level, these functions are:

  • Creation: Any user holding REP tokens may create a prediction market in Augur’s ecosystem and charge traders a ‘creator fee’ for investing in the market. To do so, a market creator must clearly define an event along with its possible outcomes and end date (i.e. “Will the price of gold be over or under $1,500/oz by November 1st?”). This individual must also specify a designated reporter, whose reporting is based on a specified source of information and whom determines the accepted outcome of the event, subject to checks by the Augur community as outlined in the “Reporting” section below. Further, they must post two bonds, a ‘validity bond’ and a ‘no-show bond,’ to be held in one of Augur’s smart contracts until their market’s successful resolution. Market parameters and bonds are submitted to Augur’s smart contracts via a single transaction on the Ethereum blockchain, at which point a market is created and becomes live.

  • Trading: To participate in a prediction market, users may use ETH to purchase ‘shares’ corresponding to specific outcomes of a given event whose ultimate value is determined by the occurrence, or lack thereof, of its specified outcome. Shares issued directly by the Augur smart contract itself are sold in ‘complete sets’ of two reciprocal outcome shares, the required sum of whose prices is specified by the market creator. For example, given the specified cost of a complete set in a market is 1 ETH, if Alice wishes to purchase a “yes” share for 0.6 ETH, the smart contract will ‘match’ her with Bob, who wishes to purchase a “no” share for 0.4 ETH, and mint these two new shares. Augur also maintains an order book, through which existing shares are freely-tradable and ‘matches’ are made between buyers and sellers rather than two buyers of reciprocal shares. In either case, a share’s price is determined by the likelihood of its specified outcome occurring, as shares for probable—and thus, profitable—outcomes will generate greater demand and command higher prices.

  • Reporting: Following a market’s specified end date, its outcome must be determined before settlement can occur. The ‘oracle’ employed by Augur for this purpose is more accurately described as a set of incentive-based procedures by which an event’s outcome is initially reported by a designated entity and verified by the greater Augur community. Immediately following a market’s end date is the ‘designated reporting period,’ during which the designated reporter has three days to report and stake REP against a ‘tentative outcome.’ Then begins the ‘dispute round,’ a seven-day period during which REP holders may dispute a tentative outcome by staking REP on an alternative outcome. A dispute is considered successful if the amount of REP staked on the alternative outcome suprasses a dynamic, mathematically-determined ‘dispute bond size.’ Unsuccessful disputes result in the tentative outcome becoming the ‘final outcome’ and the market moving to the settlement phase. Once an outcome is finalized, all staked REP, including that bonded by the designated reporter, is distributed to users who staked REP on the final outcome on a pro rata basis.

  • Settlement: Upon an outcome’s finalization, the market moves into its settlement phase. At this point, shares representing the finalized outcome become worth the original specified price of a complete set, and those representing the rejected outcome become worthless. Users may send the former to an Augur smart contract, which will immediately return the predetermined amount of ETH, less fees; this includes the ‘creator fee’ specified by the market maker during the creation period, which can be between 1% and 50% of the share’s final value. Alternatively, bearers of winning shares may continue to trade them during the settlement phase, though there is little, if any, economic incentive to do so.

Asset Details

The Augur ecosystem uses a variety of cryptoassets. The native platform-wide token REP is used to pay fees, such as those paid to reporters and market creators, and to participate in markets through bonding and staking against certain outcomes. Accurately staking REP against a given outcome entitles the holder to a proportionate amount of the entire pool of staked REP in a market.

In addition, Augur allows users to purchase non-tradable ‘participation tokens’ for one attoREP—the smallest tradable fraction of REP— each. Participation tokens entitle holders to a portion of the fees collected in a given market, incentivizing otherwise idle users to monitor the market in the event additional user participation is required.

Finally, Augur uses ETH, the Ethereum blockchain’s native asset, as the currency in which Augur prediction market shares are purchased and settled, though the use of stablecoins, such as DAI, to do so will reportedly be possible in the future.

For an in-depth look at Augur and its potential applications, please read Smith + Crown’s research analysis piece.

For additional insight and commentary on Augur, read Introduction to Augur
project icon for augur

Augur

REP
$16.22
14.62%
Positive delta icon

Augur is a decentralized oracle and prediction market platform that acts as a framework for the creation, trading, reporting, and settlement of individual, user-generated prediction markets.

Overview

STATUS

MARKET CAP

BLOCKCHAIN

TOKEN TYPE

Live status icon
Live
$178MM
Ethereum token icon

Ethereum

ERC-20

FUNDING SOURCE

AMOUNT RAISED

SECTOR

Token Sale

$5MM

Prediction Markets

Project Profile

Augur is a decentralized oracle and prediction market platform that acts as a framework for the creation, trading, reporting, and settlement of individual, user-generated prediction markets. Notably, Augur itself is not a prediction market; rather, it exists as a set of smart contract platforms on the Ethereum blockchain defining oracle processes to arbitrate markets based on the outcomes of real world events. By serving merely as a protocol for the creation and facilitation of prediction markets, Augur intends to remain unbound by laws governing both gambling and traditional binary trading service platforms. Believing predictions markets to be the optimal way to accurately forecast events, Joey Krug and Jack Peterson founded Augur in 2014 with assistance from the Forecast Foundation and launched the project’s mainnet in July, 2018.

Protocol Details

Augur is an open-source, decentralized protocol for the creation and implementation of prediction markets. In many regards, Augur functions similarly to centralized prediction market and binary trading platforms such as Nadex: it is a marketplace in which users may purchase shares whose intermediate and ultimate value depends on the likelihood and eventual outcome of real-world events, respectively. In contrast with such platforms, markets' outcomes on Augur are determined by an oracle system that incentivizes accuracy and consensus among 'reporter' submitted reports, rather than relying on a single entity to report outcomes. Users can also generate their own prediction markets for specified events, with the onus on the user to create an unambiguous market. Augur’s series of smart contracts, written in Solidity and operating on the Ethereum blockchain, define processes through which the protocol’s four main functions are conducted. At a high level, these functions are:

  • Creation: Any user holding REP tokens may create a prediction market in Augur’s ecosystem and charge traders a ‘creator fee’ for investing in the market. To do so, a market creator must clearly define an event along with its possible outcomes and end date (i.e. “Will the price of gold be over or under $1,500/oz by November 1st?”). This individual must also specify a designated reporter, whose reporting is based on a specified source of information and whom determines the accepted outcome of the event, subject to checks by the Augur community as outlined in the “Reporting” section below. Further, they must post two bonds, a ‘validity bond’ and a ‘no-show bond,’ to be held in one of Augur’s smart contracts until their market’s successful resolution. Market parameters and bonds are submitted to Augur’s smart contracts via a single transaction on the Ethereum blockchain, at which point a market is created and becomes live.

  • Trading: To participate in a prediction market, users may use ETH to purchase ‘shares’ corresponding to specific outcomes of a given event whose ultimate value is determined by the occurrence, or lack thereof, of its specified outcome. Shares issued directly by the Augur smart contract itself are sold in ‘complete sets’ of two reciprocal outcome shares, the required sum of whose prices is specified by the market creator. For example, given the specified cost of a complete set in a market is 1 ETH, if Alice wishes to purchase a “yes” share for 0.6 ETH, the smart contract will ‘match’ her with Bob, who wishes to purchase a “no” share for 0.4 ETH, and mint these two new shares. Augur also maintains an order book, through which existing shares are freely-tradable and ‘matches’ are made between buyers and sellers rather than two buyers of reciprocal shares. In either case, a share’s price is determined by the likelihood of its specified outcome occurring, as shares for probable—and thus, profitable—outcomes will generate greater demand and command higher prices.

  • Reporting: Following a market’s specified end date, its outcome must be determined before settlement can occur. The ‘oracle’ employed by Augur for this purpose is more accurately described as a set of incentive-based procedures by which an event’s outcome is initially reported by a designated entity and verified by the greater Augur community. Immediately following a market’s end date is the ‘designated reporting period,’ during which the designated reporter has three days to report and stake REP against a ‘tentative outcome.’ Then begins the ‘dispute round,’ a seven-day period during which REP holders may dispute a tentative outcome by staking REP on an alternative outcome. A dispute is considered successful if the amount of REP staked on the alternative outcome suprasses a dynamic, mathematically-determined ‘dispute bond size.’ Unsuccessful disputes result in the tentative outcome becoming the ‘final outcome’ and the market moving to the settlement phase. Once an outcome is finalized, all staked REP, including that bonded by the designated reporter, is distributed to users who staked REP on the final outcome on a pro rata basis.

  • Settlement: Upon an outcome’s finalization, the market moves into its settlement phase. At this point, shares representing the finalized outcome become worth the original specified price of a complete set, and those representing the rejected outcome become worthless. Users may send the former to an Augur smart contract, which will immediately return the predetermined amount of ETH, less fees; this includes the ‘creator fee’ specified by the market maker during the creation period, which can be between 1% and 50% of the share’s final value. Alternatively, bearers of winning shares may continue to trade them during the settlement phase, though there is little, if any, economic incentive to do so.

Asset Details

The Augur ecosystem uses a variety of cryptoassets. The native platform-wide token REP is used to pay fees, such as those paid to reporters and market creators, and to participate in markets through bonding and staking against certain outcomes. Accurately staking REP against a given outcome entitles the holder to a proportionate amount of the entire pool of staked REP in a market.

In addition, Augur allows users to purchase non-tradable ‘participation tokens’ for one attoREP—the smallest tradable fraction of REP— each. Participation tokens entitle holders to a portion of the fees collected in a given market, incentivizing otherwise idle users to monitor the market in the event additional user participation is required.

Finally, Augur uses ETH, the Ethereum blockchain’s native asset, as the currency in which Augur prediction market shares are purchased and settled, though the use of stablecoins, such as DAI, to do so will reportedly be possible in the future.

For an in-depth look at Augur and its potential applications, please read Smith + Crown’s research analysis piece.

For additional insight and commentary on Augur, read Introduction to Augur

Recent News

Blockchain startup Alchemy raises $15M in Series A led by Pantera Capital.

Alchemy, which develops tools and infrastructure for blockchain projects, completed the round with funding from Stanford University, Charles Schwab and John Hennessy, Chairman of Google. The firm plans to use the capital to fund international expansion efforts. Current Alchemy clients include 0x, Augur, CryptoKitties and Binance Wallet.

December 17, 2019

Sources:

more

Nasdaq lists an index of DeFi project tokens.

The Defix index includes MakerDAO, Augur, Gnosis, Numerai, 0x, and Amoveo. Exante, a London-based brokerage, plans to launch a fund based on this index. Nasdaq also supports BTC, ETH, and XRP reference indices.

September 10, 2019

Sources:

CoinDesk

Veil, a centrally controlled prediction market utilizing Augur smart contracts, shuts down citing a difficult user onboarding experience and regulatory uncertainty

July 11, 2019

Sources:

more
Load More
Show projects Article List
Sort icon: direction descending
Project Added as Signal
10d
FTX is a cryptoasset derivatives exchange, powered by a proprietary liquidation engine and clawback prevention protocol, offering futures, leveraged tokens and an over-the-counter trading portal.
Project Added as Signal
14d
ThunderCore is a permissionless, Turing-complete smart contract platform offering full EVM-compatibility and PaLa, a new variant of Proof-of-Stake consensus, as its distinguishing features.
Project Added as Signal
17d
Santiment is a blockchain data and analytics provider offering content streams, data feeds and analysis, APIs and its own ERC-20 token, SAN.
Project Added as Signal
31d
Nexus Mutual is a blockchain-based, protocol-enabled mutual insurance fund operating on Ethereum and owned entirely by its members, who buy into the fund by purchasing NXM tokens.
Project Added as Signal
59d
Gods Unchained is a decentralized trading card game that uses the ERC-721 non-fungible token standard to establish on-chain ownership of cards to be used in off-chain gameplay.
Project Added as Signal
69d
Synthetix is a decentralized synthetic asset issuance protocol consisting of an Ethereum-based smart contract, an exchange, and a dApp to facilitate smart contract interaction.
project icon for zrx
ZRX
Profile Updated
75d
Update on 0x v3, including protocol fees, staking incentives, and liquidity pooling with Uniswap, Kyber, and Oasis.
No icon fallback
LUNA
Project Added as Signal
83d
Terra is an algorithmically-governed, seigniorage share style stablecoin blockchain platform to which a collection of fiat-pegged tokens and a stabilizing cryptoasset, Luna, are native.
Profile Updated
100d
Stellar Development Foundation burns 55 billion XLM from its reserves, over half of the total supply, and removes the ongoing inflation to current token holders. The SDF had previously earmarked these tokens for community airdrops and ongoing organization funding.
Project Added as Signal
115d
Nervos is a public, PoW-based smart contract platform that utilizes off-chain computation in service of transaction scalability and implements a unique token emissions mechanic that imposes a perpetual cost for on-chain data storage.
Profile Updated
126d
Supply Information added.
project icon for beam
BEAM
Profile Updated
129d
Supply Information added.
project icon for grin
GRIN
Profile Updated
129d
Supply Information added.
Profile Updated
132d
Supply Information added.
Profile Updated
132d
Supply Information added.
project icon for siacoin
SC
Profile Updated
132d
Mining Information added.
project icon for dash
DASH
Profile Updated
133d
Mining and Supply Information added.
Profile Updated
133d
Mining and Supply Information added.
Profile Updated
136d
Mining and Supply information added.
Profile Updated
137d
Mining and Supply Information added.
project icon for kin
KIN
Project Removed as Signal
144d
Kin removed as Signal.
project icon for simple
OST
Project Added as Signal
144d
OST added as Signal.
Profile Updated
158d
Signal profile updated.
Project Added as Signal
172d
Edgeware added as Signal.
Profile Updated
174d
Ethereum Classic profile added.
project icon for steem
STEEM
Profile Updated
186d
Signal profile updated.
Profile Updated
186d
Signal profile updated.
project icon for neo
NEO
Profile Updated
186d
Signal profile updated.
No icon fallback
KLAY
Project Added as Signal
186d
Klaytn added as Signal.
No icon fallback
ALTG
Project Added as Signal
192d
Althea added as Signal.
Profile Updated
199d
Signal profile updated.
No icon fallback
UMA
Project Added as Signal
206d
UMA added as Signal.
No icon fallback
LIBRA
Project Added as Signal
206d
Libra added as Signal.
Project Added as Signal
212d
Chainlink added as Signal.
Profile Updated
218d
Signal profile updated.
Profile Updated
225d
Signal profile updated.
project icon for chia
CHIA
Profile Updated
230d
Signal profile updated.
project icon for bitfinex-leo
LEOTOKEN
Project Added as Signal
236d
Bitfinex LEO added as Signal.
project icon for coda
CODA
Profile Updated
242d
Signal profile updated.
Project Added as Signal
248d
Paxos added as Signal.
project icon for celo
CELO
Project Added as Signal
254d
Celo added as Signal.

You've reached the end of the list

project icon for augur

Augur

REP
$16.22
14.62%
Positive delta icon

Augur is a decentralized oracle and prediction market platform that acts as a framework for the creation, trading, reporting, and settlement of individual, user-generated prediction markets.

Overview

STATUS

MARKET CAP

BLOCKCHAIN

TOKEN TYPE

Live status icon
Live
$178MM
Ethereum token icon

Ethereum

ERC-20

FUNDING SOURCE

AMOUNT RAISED

SECTOR

Token Sale

$5MM

Prediction Markets

Project Profile

Augur is a decentralized oracle and prediction market platform that acts as a framework for the creation, trading, reporting, and settlement of individual, user-generated prediction markets. Notably, Augur itself is not a prediction market; rather, it exists as a set of smart contract platforms on the Ethereum blockchain defining oracle processes to arbitrate markets based on the outcomes of real world events. By serving merely as a protocol for the creation and facilitation of prediction markets, Augur intends to remain unbound by laws governing both gambling and traditional binary trading service platforms. Believing predictions markets to be the optimal way to accurately forecast events, Joey Krug and Jack Peterson founded Augur in 2014 with assistance from the Forecast Foundation and launched the project’s mainnet in July, 2018.

Protocol Details

Augur is an open-source, decentralized protocol for the creation and implementation of prediction markets. In many regards, Augur functions similarly to centralized prediction market and binary trading platforms such as Nadex: it is a marketplace in which users may purchase shares whose intermediate and ultimate value depends on the likelihood and eventual outcome of real-world events, respectively. In contrast with such platforms, markets' outcomes on Augur are determined by an oracle system that incentivizes accuracy and consensus among 'reporter' submitted reports, rather than relying on a single entity to report outcomes. Users can also generate their own prediction markets for specified events, with the onus on the user to create an unambiguous market. Augur’s series of smart contracts, written in Solidity and operating on the Ethereum blockchain, define processes through which the protocol’s four main functions are conducted. At a high level, these functions are:

  • Creation: Any user holding REP tokens may create a prediction market in Augur’s ecosystem and charge traders a ‘creator fee’ for investing in the market. To do so, a market creator must clearly define an event along with its possible outcomes and end date (i.e. “Will the price of gold be over or under $1,500/oz by November 1st?”). This individual must also specify a designated reporter, whose reporting is based on a specified source of information and whom determines the accepted outcome of the event, subject to checks by the Augur community as outlined in the “Reporting” section below. Further, they must post two bonds, a ‘validity bond’ and a ‘no-show bond,’ to be held in one of Augur’s smart contracts until their market’s successful resolution. Market parameters and bonds are submitted to Augur’s smart contracts via a single transaction on the Ethereum blockchain, at which point a market is created and becomes live.

  • Trading: To participate in a prediction market, users may use ETH to purchase ‘shares’ corresponding to specific outcomes of a given event whose ultimate value is determined by the occurrence, or lack thereof, of its specified outcome. Shares issued directly by the Augur smart contract itself are sold in ‘complete sets’ of two reciprocal outcome shares, the required sum of whose prices is specified by the market creator. For example, given the specified cost of a complete set in a market is 1 ETH, if Alice wishes to purchase a “yes” share for 0.6 ETH, the smart contract will ‘match’ her with Bob, who wishes to purchase a “no” share for 0.4 ETH, and mint these two new shares. Augur also maintains an order book, through which existing shares are freely-tradable and ‘matches’ are made between buyers and sellers rather than two buyers of reciprocal shares. In either case, a share’s price is determined by the likelihood of its specified outcome occurring, as shares for probable—and thus, profitable—outcomes will generate greater demand and command higher prices.

  • Reporting: Following a market’s specified end date, its outcome must be determined before settlement can occur. The ‘oracle’ employed by Augur for this purpose is more accurately described as a set of incentive-based procedures by which an event’s outcome is initially reported by a designated entity and verified by the greater Augur community. Immediately following a market’s end date is the ‘designated reporting period,’ during which the designated reporter has three days to report and stake REP against a ‘tentative outcome.’ Then begins the ‘dispute round,’ a seven-day period during which REP holders may dispute a tentative outcome by staking REP on an alternative outcome. A dispute is considered successful if the amount of REP staked on the alternative outcome suprasses a dynamic, mathematically-determined ‘dispute bond size.’ Unsuccessful disputes result in the tentative outcome becoming the ‘final outcome’ and the market moving to the settlement phase. Once an outcome is finalized, all staked REP, including that bonded by the designated reporter, is distributed to users who staked REP on the final outcome on a pro rata basis.

  • Settlement: Upon an outcome’s finalization, the market moves into its settlement phase. At this point, shares representing the finalized outcome become worth the original specified price of a complete set, and those representing the rejected outcome become worthless. Users may send the former to an Augur smart contract, which will immediately return the predetermined amount of ETH, less fees; this includes the ‘creator fee’ specified by the market maker during the creation period, which can be between 1% and 50% of the share’s final value. Alternatively, bearers of winning shares may continue to trade them during the settlement phase, though there is little, if any, economic incentive to do so.

Asset Details

The Augur ecosystem uses a variety of cryptoassets. The native platform-wide token REP is used to pay fees, such as those paid to reporters and market creators, and to participate in markets through bonding and staking against certain outcomes. Accurately staking REP against a given outcome entitles the holder to a proportionate amount of the entire pool of staked REP in a market.

In addition, Augur allows users to purchase non-tradable ‘participation tokens’ for one attoREP—the smallest tradable fraction of REP— each. Participation tokens entitle holders to a portion of the fees collected in a given market, incentivizing otherwise idle users to monitor the market in the event additional user participation is required.

Finally, Augur uses ETH, the Ethereum blockchain’s native asset, as the currency in which Augur prediction market shares are purchased and settled, though the use of stablecoins, such as DAI, to do so will reportedly be possible in the future.

For an in-depth look at Augur and its potential applications, please read Smith + Crown’s research analysis piece.

For additional insight and commentary on Augur, read Introduction to Augur

Recent News

Blockchain startup Alchemy raises $15M in Series A led by Pantera Capital.

Alchemy, which develops tools and infrastructure for blockchain projects, completed the round with funding from Stanford University, Charles Schwab and John Hennessy, Chairman of Google. The firm plans to use the capital to fund international expansion efforts. Current Alchemy clients include 0x, Augur, CryptoKitties and Binance Wallet.

December 17, 2019

Sources:

more

Nasdaq lists an index of DeFi project tokens.

The Defix index includes MakerDAO, Augur, Gnosis, Numerai, 0x, and Amoveo. Exante, a London-based brokerage, plans to launch a fund based on this index. Nasdaq also supports BTC, ETH, and XRP reference indices.

September 10, 2019

Sources:

CoinDesk

Veil, a centrally controlled prediction market utilizing Augur smart contracts, shuts down citing a difficult user onboarding experience and regulatory uncertainty

July 11, 2019

Sources:

more
Load More