THELOGICALINDIAN - Ethereum and acute affairs accept a lot of affiance and Augur is one of those applications Cryptocurrency and the basal technologies that appear forth with it havethe abeyant to agitate absolute markets banishment them to either achromatize abroad or change badly in adjustment to abide relevant
Also read: Latin American Virtual Currency Forum: Financial and Regulatory Environment
Prediction markets are one affair that decentralization could massively overhaul, eliminating credibility of abortion as able-bodied as the achievability of cheating or corruption, while application the advantages anticipation markets accept in forecasting outcomes. The blockchain additionally secures customers’ funds, acceptable they are alone attainable by them.
This is area the Ethereum-based belvedere Augur comes in. Augur takes the abstraction that anticipation markets can accomplish comparably, if not better, than acclamation or pundits by utilizing the ample accord of bodies (known as the “Wisdom of the Crowd”) against a baby accumulation of experts; agnate to how accord in the Bitcoin arrangement works:
Starting today, Diviner has launched a 45-day continued crowdsale of 11 actor Reputation (REP) tokens. The auction is amid at sale.augur.net with a 15% benefit for purchases fabricated through Aug. 17-22, a 10% benefit from Aug. 22- 27, and a 5% benefit from Aug. 27- Sept. 5. After September 5, buyers will alone accept the bulk of REP they paid for until the crowdsale closes on October 1st.
Why is Augur Having a Crowdsale?
The crowdsale was called as the administration adjustment of best due to a brace of reasons. First and foremost, the crowdsale will financially allay some of the costs that appear with added development, maintenance, and any added costs the Augur belvedere may have:
The additional reason, which is capital to authoritative the Augur belvedere assignment effectively, is that by inputting a amount to acquirement REP tokens and to adumbrate outcomes, Augur is ensuring alone bodies that amount the belvedere will get to use it. This discourages abetment of predictions, as it would be economically absurd to amplitude outcomes one way or the other.
For added information: http://www.augur.net.
Will Augur change the way bodies do anticipation markets? Will you be accommodating in the crowdsale? Let us apperceive in the comments below!
Images address of Augur
