Primary features
Augur is a decentralized prediction‑market protocol built on the Ethereum blockchain that lets users create, trade and resolve markets on real‑world events.
- Market creation: Users can launch prediction markets about any event with defined outcomes.
- Outcome trading: Participants buy and sell shares representing possible outcomes and profit if they predict correctly.
- Reporting & resolution: Token‑holders report event outcomes and stake reputation to ensure honest settlement.
- Smart‑contract governance: Fully open‑source, permissionless protocol with no central authority.
Augur enables a global, censorship‑resistant marketplace for forecasting future events.
Reputation staking
The native token (REP) to validate
Oracle mechanism
Real‑world data via stakers
Permissionless access
Anyone can deploy a market
Open‑source
Code is publicly auditable
User benefits
Augur helps users and businesses harness collective forecasting power for decision‑making, hedging and speculation.
- Predictive insight: Gain edge by trading on public sentiment and event likelihood.
- Hedging tool: Manage exposure to real‑world risks (political, financial, weather) via markets.
- Permissionless access: No gatekeepers — anyone worldwide can participate or create markets.
- Transparent settlement: Trust minimised through open smart‑contract logic and staking alignment.
In essence, Augur exists to democratise prediction markets by shifting control to the crowd and eliminating intermediaries.
