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What is Augur?

  • Augur is a decentralized prediction market where the wager can speculate the future outcomes.
  • However, To win some tokens wager has to forecast correctly while the wrong outcome will result in the loss.

    Where these predictions of forecasts will be performed?

  • These predictions will be performed on Augur platforms. Wagers with correct speculation will be rewarded by REP tokens.
  • You can use Augur Cycle to Choose an Event
  • Also, Create a Market
  • To Buy and Sell Shares
  • Report the outcome
  • Claim your winnings
  • Currencies used by AUGUR are REP and ETH

    Which kind of forecasts can be done with Augur?

  • Political Forecasts – It will help to predict upcoming elections, potential policy decisions, and other political events.
  • Weather Prediction – Predictions such as daily temperature averages, heat and landfalls will be forecasted efficiently.
  • Company Forecasting – Companies will like to use Augur to forecast information such as total product sales and project completion.
  • Event Hedging-  This is one of the most important forecastings which will be aware us from natural calamities, market crashes, and other geopolitical events.

    Benefits of using Augur

  • Low trading fees.
  • Also, User-created Markets.
  • Also, Automated Payouts.
  • Open to all.
    For Further information visit – Augur.net
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