what's Augur?
Augur is a decentralized prediction market platform built on the Ethereum blockchain, enabling users to create and participate in markets on any topic without intermediaries. Launched in 2018 after a 2015 ICO, it uses smart contracts to facilitate betting on event outcomes, with reporters staking REP tokens to resolve disputes and ensure accurate results. Markets can be categorical (e.g., yes/no or multi-option) or scalar (numerical ranges), allowing for diverse predictions like elections, sports, or financial metrics. The platform operates via a peer-to-peer protocol where participants buy shares in outcomes using ETH, with winners receiving payouts upon resolution. Augur v2 introduced improvements like designated reporters and sub-courts for faster dispute handling, while recent reboots focus on enhanced oracle technology for better scalability and user experience. REP tokens serve as the native utility for reporting and governance, incentivizing honest participation through staking and slashing mechanisms.
Augur ranks 6th in 7-day social mindshare among oracle tokens.
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Ranked 6th among oracle tokens by 7-day mindshare in a social attention tracking analysis.
The project intentionally triggers its algorithmic token fork, and all REP holders and custodians must take action.
REP token is up 50% on the week, and the algorithmic fork aims to filter out inactive REP holders.
Current market capitalization is below $20 million.
Design is nearing release after 6 months of development, and an experiment to trigger crypto's first algorithmic fork is currently underway according to the Q2 update.
The prediction market sector is gaining significant traction as a hot narrative, highlighting the project's early mover position in the space before Polymarket's success.
Secured funding from Kraken exchange for protocol development and comeback plans.
Oracle development has resumed after a period of inactivity, indicating renewed progress on the previously announced oracle system.
Protocol expansion proposal introduces fee-based cross-chain oracle system for broader use cases.
Official roadmap confirms upcoming CEX relistings and development initiatives through 2025.
Revival announced by Lituus Foundation with two development teams: Lituus Labs exploring L2 deployment and Dark Florists building on Ethereum mainnet with AMM-like trading experience.