Augur combines the magic of prediction markets with the power of a decentralized network to create a beautifully accurate forecasting contraption – and the chance for real money trading profits
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Get rewarded for your skill and insight
Augur is a prediction market verhoging that prizes you for correctly predicting future real-world events.
Predict the outcome of real-world events
You make your predictions by trading virtual shares ter the outcome of events happening ter the real-world. If you think Hillary Clinton will be elected Voorzitter, the Yankees will win the World Series, or Leonardo DiCaprio will win another Oscar, then you’ll buy shares ter those outcomes. If you buy shares ter the onberispelijk outcomes, you’ll win real money profits.
Earn real-money trading profits
The prices of the shares you trade te any event adds up to one dollar – so if you buy a share at even odds it will cost you 50 cents. If you end up being right, you’ll get back one dollar for every share you bought. If you’re wrong then you’ve lost the money used to buy your shares. Spil with any market, the price of shares fluctuates overheen time. Spil more people buy shares te an outcome, the price of that outcome will rise while the price of other outcomes will fall. This gives you further opportunities for profit – by buying low and selling high, before the final result of the market is known.
Gorgeously accurate forecasts on any topic
Augur’s prediction markets provide powerful predictive gegevens – you can think of the current market price of any share te any market spil an estimate of the probability of that outcome actually occurring ter the real world. For example, a share priced at 64 cents has a 64% probability of happening.
The accuracy of prediction markets rests te the idea of the “The Wisdom of the Crowd”. This states that the average prediction made by a group is superior to that made by any of the individuals te that group. Markets are the flawless way to aggregate this collective wisdom – which is made up of all the information, analysis and opinion held by members of the group. With thesis individuals buying and selling shares ter the outcome of real-world events, based on their private skill and opinion, the market prices reach an equilibrium that reflect the opinion of the entire group.
Prediction markets have proven to be more accurate at forecasting the future than individual experts, surveys or traditional opinion polling. They provide real-time predictive gegevens and are traded using real money – which incentivises market participants to expose what they think will toebijten, rather than what they hope will toebijten. Traders are putting their money where their throats are.
Decentralization: Augur’s secret weapon
Existing on a decentralized network gives Augur a unique edge overheen other prediction markets.
No central servers
Augur is a decentralized toneel built on the Ethereum blockchain – which means no central servers that can be switched off.
Create your own markets
Using Augur, anyone, anywhere ter the world can quickly and lightly create a prediction market asking a question about anything. Spil a market creator you’ll provide some initial funding for the market and ter terugwedstrijd receive half of all trading fees collected during the lifetime of that market.
Augur’s fees are set by users, and are vastly lower compared to traditional trading and betting platforms.
Te centralized markets, one person determines the final market outcomes – which means there can be mistakes or outright manipulation. With Augur, wij’ll have thousands reporting on market outcomes using a one-of-a zuigeling overeenstemming based system and a unique token called REPutation. Spil a reporter, you’ll report on events every two months and, te come back, receive half of all fees te the system multiplied by the procent of REP you own. The total scoop on REP
Safe, automated payments
All funds are stored ter clever contracts – eliminating counterparty risk and permitting swift, automated payments to winning traders. Depositing and withdrawing funds are also downright automated using the blockchain. With no human intervention required, there’s no human error.
Attempt Augur now. for free!
After months of development wij are pleased to release the beta version of Augur. This early version showcases the core features of our prediction market podium. Wij’re still actively developing the software and working on vormgeving, but wij’d love to hear your fair and unfiltered terugkoppeling about our work so far.
No cost and no deposit required – it’s all just play money during beta testing.