Augur/REP
Built on Ethereum, a blockchain technology which allows for the execution of smart contracts, Augur is an open-source, decentralized, peer-to-peer prediction market platform built on Ethereum. However, unlike other already available coins, such as BitShares (BTS), Cardano (ADA), Dent (DENT), Decred (DCR) and etc, the platform provides powerful predictive data based on the wisdom of the crowd. The principle states that the average predictions made by a group are superior to those an individual within the group. This decentralized prediction market uses the "wisdom of the crowd" principle to forecast the outcome of specific events. Truthful reporting is incentivized by offering rewards for correct predictions and penalties for incorrect reports. Even in its infancy, Augur has grown from strength to strength in a relatively short amount of time, and some may use this as a measure of the platform's future success. After the alpha version was released in mid 2015, a global crowdfunding campaign was set up to raise funds for future development, with an impressive $500 000 USD being raised on the first day, and a total of $5.2 million USD collected by the end of the campaign. This result was one of the strongest coin offerings in 2015, and developers were able to release a beta version in early 2016 with the platform expected to be live in the latter half of 2017. According to Andrew Miller, a computer scientist at the University of Illinois Urbana-Champaign, believes that Augur could potentially feed legitimate real-world truths into any other online application at some point in the future. Thus people who could not trade in more traditional markets, could see themselves making very real cryptocurrency profits in the future.Augur/REP Casinos
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