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Augur is a decentralized platform built for predicting future events. This forecasting mechanism utilizes the principle of ‘Wisdom of the Crowd’, that bulk information surveyed from the public is more accurate than a single expertise. The immutable data collected is valuable because it eliminates the possibility of mistakes or tampering in collecting and producing results. Essentially, users will trade shares at values which reflect the estimation of the event’s likelihood. Augur operates on a fixed amount of 11 million Reputation Tokens which are earned by users who provide accurate information for an event’s occurrence. Individuals can write questions for the public’s prediction input by providing the capital to incentivize opinions. The individual is rewarded with trading fees from the input users.

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Average Blocktime		N/A
Median Transaction Fee		N/A
Block Size		N/A
Coin Circulation Limit		11 million
Beta Coefficient		0.9756
Category		Platform

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http://www.augur.net/

https://www.weusecoins.com/what-is-augur/