Augur

What is Augur?

Augur is a cryptocurrency used by a betting platform that predicts the future by incorporating blockchain technology. Augur coin developers created a prediction market platform called GNOSIS founded on the Ethereum blockchain network, which was designed with consideration of the difficulty of predicting the future as a sole individual. With predictive data generated by people of various personalities and experiences, new information with the advantages of collective intelligence can be generated.

Augur Coin’s platform is used to then predict future events in real world application such as sporting events, such as baseball, basketball, soccer, and political and economic issues. Anyone can open a forecast market and participate in the transaction. The outcome of the forecast market is determined by users with Augur Coins. It consists of a system in which users who correctly predict a higher number of future events are rewarded.

Augur Coin Outlook

The Augur Coin outlook can be evaluated based on the success of the new development project. Augur became known to the public in 2015 when Ethereum’s developer Vitalik Buterin invested in the project as an angel. In 2020, Augur version 2.0 includes a variety of Defi tools, enabling users to participate in Augur’s forecasting market by applying Defi technology. However, it has been confirmed that there has been no special project development or partnership activities since the development of version 2.0 in 2020. The August Pro launch, which was expected in collaboration with ChainLink and Polygon, has not yet been able to find any meaningful progress even after 2021 has passed – the year in which the launch was promised.

Who Invented Augur Coin?

Augur coin was jointly developed by Jack Peterson and Joey Krug, who run the team with 13 members. Prior to the creation of Augur Coin, the team had experience in creating a cryptocurrency called Side Coin. With very much experience in cryptocurrency, it was very helpful in developing Augur. In 2017, the team collaborated with the world’s design company, IDEO CoLab, to secure the intuitive design of the decentralized dApp. Subsequently, the team has collaborated with Jaxx, a multi-currency wallet platform with 50,000 users, and has continued to develop additional technology.

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Augur Basics

Here are some factors that investors should consider before investing in Augur.

Reliability Score of Augur in 2024

These are indexes mesuring the investment reliability of Augur conducted by Coin-Labs.com.

The table above shows the result of investment suitability evaluation for Augur.
Check out how we evaluate cryptocurrencies on the crypto rating description page.

Augur Price

Here are the price and recent trading volume of Augur. (Data of 2024-10-03 00:15:00)

Cryptocurrency Metadata

You can check the development status and social media information of Augur through the links in the table below.

Where to Buy Augur

Here are the top ten world crypto exchanges where traders can buy Augur in 2024.

Frequently Asked Questions