Augur is built on Ethereum using smart contracts and decentralized oracle technology. It enables users to create prediction markets on any topic, such as elections or stock prices. Traders buy shares representing outcomes, and the platform settles payouts based on consensus reporting.

Is Augur a secure platform?

Security is ensured through Ethereum’s blockchain immutability and decentralized oracle consensus with REP token incentives. The project undergoes audits and uses reputation staking to punish false reporting, protecting user funds. Augur has demonstrated resilience with successful dispute resolution and no loss of user funds.

First, create or browse prediction markets on the platform using your Ethereum wallet. Next, purchase shares in outcome options you predict will happen. Finally, report outcomes and claim winnings once markets resolve through on-chain consensus.

What services does Augur offer?

Augur provides decentralized creation, trading, and settlement of prediction markets on a wide range of real-world events. Users can speculate on events or earn fees by reporting and disputing outcomes using the REP token. It offers censorship-resistant, transparent, and permissionless market access globally.

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FAQ

How does Augur work?
Augur is built on Ethereum using smart contracts and decentralized oracle technology. It enables users to create prediction markets on any topic, such as elections or stock prices. Traders buy shares representing outcomes, and the platform settles payouts based on consensus reporting.
Is Augur a secure platform?
Security is ensured through Ethereum’s blockchain immutability and decentralized oracle consensus with REP token incentives. The project undergoes audits and uses reputation staking to punish false reporting, protecting user funds. Augur has demonstrated resilience with successful dispute resolution and no loss of user funds.
How to use Augur?
First, create or browse prediction markets on the platform using your Ethereum wallet. Next, purchase shares in outcome options you predict will happen. Finally, report outcomes and claim winnings once markets resolve through on-chain consensus.
What services does Augur offer?
Augur provides decentralized creation, trading, and settlement of prediction markets on a wide range of real-world events. Users can speculate on events or earn fees by reporting and disputing outcomes using the REP token. It offers censorship-resistant, transparent, and permissionless market access globally.

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