Augur tweets itself as, “The world's most accessible, no-limit betting protocol. The Internet augur.net.”
The funds invested in Augur are notunder the control of anybody. Nobody hasthe custody of funds invested with Augur. The token is owned and entirely operated by the people who use it. The fees paid to the company are low becauseno other third party is making money from the bets made by the investor. The fees are directly vested with reportersand the creators of the market.
Liquidity is dependent on thecounterparty and the number of shares applicable in an outcome. Investors can sell and buy positions at anytime. The protocol is open to all, andit is a permission-less system. Investors from anywhere in the world can createmarkets and participate in the market happening.
Investors can create markets onpolitics, sports, cryptocurrency, culture, and a lot of other parameters. Augur works on a 3 step model. In terms of Augur, anything is a fair game,whether elections or crypto prices. Itis possible to create a market in just a few clicks. Investors can buy and sell shares in anymarket, and they can choose to go long or short in their positions.
Investors who bet and make their winnings get their shares directly sent to the Ethereum Wallet. Augur is about creating a market for prediction, whether for weather prediction, political forecasting, event hedging, or cryptocurrency speculation.
The bets made on the Augur Protocolhappen with Ethereum. ETH makes bettingon Augur protocol accessible to all. REPis used to dispute and report the outcome of events. Those investors who report the correctwinning result of a particular event get rewarded, and those who are not inagreement with the event can dispute it. The bet is on whether investors support it or opposes it, and therewards get distributed accordingly.
The Discord channel is the first step to joining Augur.
The ecosystem grows endlessly with contributions from developers, projects, and companies build on the Protocol. The investors make use of the leaderboard, Dispute, Tools, PdotIndex, and LogFile.Info to set the Augur Protocol into motion triggering a real-world use case.
The design and development process isdiscussed in the Augur Community every day. Clarifications offered for both technical and general questions aboutAugur strengthen the ecosystem.
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