Augur is a peer to peer decentralized prediction market and oracle for forecasting markets and future events. It is made up of a set of smart contracts using the solidity coding language.
N/B Augur is not a token but a protocol or software for predicting future events.
Augur is built on the Ethereum blockchain. The main purpose of this protocol is to predict market conditions and assist investors in making rewarding investment decisions. Users of this protocol use the protocol'sShow more [+] ation tokens to reward users who issue correct predictions.
Augur was developed by Forecast Foundation, but the group does not own the software neither does it get any rewards out Augur's transactions. Its role is to support it technically only. This protocol has licenses from the General Public License (GPL) as well as the Massachusetts Institute of Technology (MIT).
Augur has a variety of useful functions. The oracle can be used to predict crypto and other assets' markets, political and company forecasting, weather prediction and hedging of events such as natural disasters, market crashes and political upheavals to predict the direction of the markets.
Augur is an open source software. The users are the owners and have every right to access read and alter the network's code to suit their needs.