Augur incentive structure is designed to ensure that honest, accurate reporting of outcomes is always the most profitable option for Reputation token holders. Token holders can post progressively-larger Reputation bonds to dispute proposed market outcomes. If the size of these bonds reaches a certain threshold, Reputation splits into multiple versions, one for each possible
Augur outcome of the disputed market; token holders must then exchange their Reputation tokens for one of these versions. Versions of Reputation which do not correspond to the real-world outcome will become worthless, as no one will participate in prediction markets unless they are confident that the markets will resolve correctly. Therefore, token holders will select the only version of Reputation which they know will continue to have value: the version that corresponds to reality.
Augur Storage Key Points
|Circulating Supply||11,000,000.00 REP|
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Twitter Page||Click Here To Visit Twitter Group|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
How Augur Work
Augur markets follow a four-stage progression: creation, trading, reporting, and settlement. Anyone can create a market based on any real-world event. Trading begins immediately after market creation, and all users are free to trade on any market. After the event on which the market is based has occurred, the outcome of the event is determined by Augur’s oracle. Once the outcome is determined, traders can close out their positions and collect their payouts.
Augur allows anyone to create a market about any upcoming event. The market creator sets the event end time and chooses a designated reporter to report the outcome of the event. The designated reporter does not unilaterally decide the outcome of the market; the community
always has an opportunity to dispute and correct the designated reporter’s report.
Augur Market participants forecast the outcomes of events by trading shares of those market outcomes. A complete set of shares is a collection of shares that consists of one share of each possible valid outcome of the event Complete sets are created by Augur’s on-contract matching engine as needed to complete trades6
Market State Progression
Augur markets can be in seven different states after creation. The potential states, or “phases”, of an Augur market are as follows:
• Designated Reporting
• Open Reporting
• Dispute Round
• Waiting for Window
Betting Today is Broken & Exploitative
Today’s betting Industry trades on promises of getting rich quick, using every trick in the book to extract the maximum value from customers. And at the same time, their best bettors are penalised by lowering their limits and closing their accounts.
The Best Odds & the Lowest Fes
Augur Users keep more of their winnings than any other exchange through low fees and the best odds. Augur doesn’t take a cut.
Augur is a peer-to-peer, decentralized exchange, enabling universal and transparent access to its markets.
Augur is powered by Ethereum, which enables payouts to run as an automated process that no person or organisation, including Augur, can interfere with.
Build on Augur
Join the growing number of developers, projects and companies building on the Augur protocol.
Augur Client Disclaimer
Augur is a decentralized oracle and peer to peer protocol for user-created prediction markets. Augur is free, public, open source software and a set of smart contracts written in Solidity that can be deployed to the Ethereum Blockchain, collectively known as (the “Augur Protocol”). Before using the Augur Protocol, please review the FAQs and documentation (the “Documentation”) for a detailed explanation on how the Augur Protocol works.