Rank 36



Avg. Price

$15.22 USD

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What is Augur?

  • Token
  • Prediction Market

Augur is a decentralized prediction market built on the Ethereum blockchain. It allows you to forecast events and be rewarded for predicting them correctly. Augur’s purpose is to democratize and decentralize finance. We’ll do this by enabling anyone, anywhere, at anytime in the world to create and speculate on derivatives at a low cost for the first time. If Bitcoin gave us decentralized currency and Ethereum brought decentralized computation, Augur will enable a decentralized financial system. We have cryptocurrency, now we need something to use it with. As a side bonus, prediction markets give us better forecasts for the future, more direct hedging and speculation mechanisms, and finally fulfill the vision set out by Hayek and Arrow & Debreu long ago.

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