What is Augur?
The Reputation token owns an oracle project which is running on Ethereum since 2014 and is known as Augur. It manages the wisdom of the crowd method to model predictions concerning the result of an event that is happening in the actual physical life. This method runs by creating the medium, most-realistic possibility and the most seeming result. The Augur system gives rewards to true predictors and penalizes the mistaken ones. The aim of the Augur is to take prediction markets to an increased level, changing the manner of verifying the truth. As it works with real cases every interested person may build an Augur market for each case he desires. For instance, someone may make a market like “Will people find life on Mars by 2025?”, so there are millions of things you can market on.