$5.25
24H %
-6.44%
24H Low
$5.22
24H High
$5.70
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TO

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About Augur

Sector

Culture & Entertaiment


Industry Group

Metaverse


Industry

Gaming



The Augur price is $5.25, a change of -6.44% over the past 24 hours as of 7:53 a.m. The recent price action in Augur left the tokens market capitalization at $57,739,044.02. So far this year, Augur has a change of -71.31%. Augur is classified as a Culture & Entertaiment under CoinDesks Digital Asset Classification Standard (DACS).


REP is the native cryptocurrency of Augur, which is software that gives users incentives to maintain and enhance a prediction market running on the Ethereum blockchain.

Unlike exchanges where assets are traded, prediction markets let users bet on the outcome of future events. Users can create and exchange “shares” of an outcome and its value without relying on intermediaries.

REP Price

The Forecast Foundation developed Augur in 2014, and sold its native tokens to the public in an initial coin offering (ICO) in 2015. During the ICO, 8.8 million REP tokens were sold for $5.5 million, but Augur didn’t go live on the Ethereum blockchain until 2018.

The total supply of Augur tokens is 6.9 million REP, and unlike with most other cryptocurrencies, new REP won’t be issued in the future.

REP price hit its all-time high of $341.85 in February 2016, but has never come close to that level since. In January 2018, REP prices briefly returned above $100 but crashed again as the entire market turned bearish. Despite a few slight uptrends since that time, REP has mostly traded in the $20-$25 range.

How Does Augur Work?

Augur runs on the Ethereum network and uses Ethereum’s consensus mechanism and blockchain features. The project runs on smart contracts issued on the Ethereum blockchain and will benefit from the upcoming ETH 2.0 sharding support.

Sharding is a blockchain scaling solution that involves using multiple smaller blockchains to process transactions and smart contracts, as opposed to a single blockchain. This solution will enable Ethereum to handle significantly more transactions per second, reducing transaction time and costs. This mean faster and cheaper transactions for Augur users too.

All purchases of shares in Augur’s prediction market are made with eth, the native token of Ethereum, or with the stablecoin dai.

Augur has a four-layer execution process:

  • Market creation: anyone can introduce a new betting market for real-world events.
  • Market trading: users buy shares in an event’s outcome
  • Reporting: Augur’s oracle determines the outcomes of events by bringing real-world information to the blockchain.
  • Settlement: traders close positions and collect payouts.

Key Events and Management

Augur was founded by Forecast Foundation, a venture founded by biophysicist Jack Peterson and investor Joey Krug, among others, in 2014. After the ICO in 2015, the project raised undisclosed amounts in two funding rounds in 2016 and 2017. All of the project’s founders are still on board, except for Matt Liston, who left in 2014. The network had a major upgrade in September 2021.


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$57.74M

N/A


Augur Price

24H Open
$5.61
24H Change
$-0.36102097
52 Week Low
$4.47
52 Week High
$24.54
All Time High
$59.78
Returns (YTD)
-71.31%

Augur Market Stats

Total Supply
11.00M
Max Supply
N/A
24H Value Transacted
$4,007.55
30D Volatility
1.44
24H Transaction Count
13
24H Average Transaction Fee
N/A

About Augur

Sector

Culture & Entertaiment


Industry Group

Metaverse


Industry

Gaming



The Augur price is $5.25, a change of -6.44% over the past 24 hours as of 7:53 a.m. The recent price action in Augur left the tokens market capitalization at $57,739,044.02. So far this year, Augur has a change of -71.31%. Augur is classified as a Culture & Entertaiment under CoinDesks Digital Asset Classification Standard (DACS).


REP is the native cryptocurrency of Augur, which is software that gives users incentives to maintain and enhance a prediction market running on the Ethereum blockchain.

Unlike exchanges where assets are traded, prediction markets let users bet on the outcome of future events. Users can create and exchange “shares” of an outcome and its value without relying on intermediaries.

REP Price

The Forecast Foundation developed Augur in 2014, and sold its native tokens to the public in an initial coin offering (ICO) in 2015. During the ICO, 8.8 million REP tokens were sold for $5.5 million, but Augur didn’t go live on the Ethereum blockchain until 2018.

The total supply of Augur tokens is 6.9 million REP, and unlike with most other cryptocurrencies, new REP won’t be issued in the future.

REP price hit its all-time high of $341.85 in February 2016, but has never come close to that level since. In January 2018, REP prices briefly returned above $100 but crashed again as the entire market turned bearish. Despite a few slight uptrends since that time, REP has mostly traded in the $20-$25 range.

How Does Augur Work?

Augur runs on the Ethereum network and uses Ethereum’s consensus mechanism and blockchain features. The project runs on smart contracts issued on the Ethereum blockchain and will benefit from the upcoming ETH 2.0 sharding support.

Sharding is a blockchain scaling solution that involves using multiple smaller blockchains to process transactions and smart contracts, as opposed to a single blockchain. This solution will enable Ethereum to handle significantly more transactions per second, reducing transaction time and costs. This mean faster and cheaper transactions for Augur users too.

All purchases of shares in Augur’s prediction market are made with eth, the native token of Ethereum, or with the stablecoin dai.

Augur has a four-layer execution process:

  • Market creation: anyone can introduce a new betting market for real-world events.
  • Market trading: users buy shares in an event’s outcome
  • Reporting: Augur’s oracle determines the outcomes of events by bringing real-world information to the blockchain.
  • Settlement: traders close positions and collect payouts.

Key Events and Management

Augur was founded by Forecast Foundation, a venture founded by biophysicist Jack Peterson and investor Joey Krug, among others, in 2014. After the ICO in 2015, the project raised undisclosed amounts in two funding rounds in 2016 and 2017. All of the project’s founders are still on board, except for Matt Liston, who left in 2014. The network had a major upgrade in September 2021.


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Latest About Augur

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Augur's Revamped Predictions Platform Launches Next Month With a New Token

The blockchain predictions platform is upgrading to version 2 in July, but users will have to migrate to a new token if they want to use it.

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Nasdaq Lists New Decentralized Finance Index Including MakerDao, 0x, Augur

Nasdaq has added a new index that aims to offer the markets information on blockchain projects working in the decentralized finance space.

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Startup Veil Forks Augur to Create Prediction Markets for 2020 Election

Veil says no one has been able to support long-running markets on Augur, so they're creating AugurLite for early bets on the presidential election.

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Disclaimer
Any data, text or other content on this page is provided as general market information and not as investment advice. Past performance is not necessarily an indicator of future results. CoinDesk is an independently managed media company, wholly owned by the Digital Currency Group, which invests in cryptocurrencies and blockchain startups. DCG has no operational input into the selection or duration of CoinDesk content in all its forms.