What is Augur?
Augur is a decentralized oracle and peer to peer protocol for prediction markets. Augur is free, public, open source software, portions of which are licensed under the General Public License (GPL) and portions of which are licensed under the Massachusetts Institute of Technology (MIT) license. Augur is a set of smart contracts written in Solidity that can be deployed to the Ethereum blockchain.
Augur is a VERY old Crypto project that has been here for more than 5 years ! It is one of the only predictive market crypto project left which shows a very strong resilience.
They have kept on BUIDLing all along and are still ranked close to 50th in the Top Crypto Market Capitalization.
I tried their v1 but let's face it, it was not consumer oriented. I still liked very much the concept
Below is a quick video presentation (Video from 2015)
Augur is a protocol, freely available for anyone to use however they please. Augur is accessible through a desktop client app, similar to interacting with an Ethereum or Bitcoin node.
Augur v2 Launch on July, 28th
The v2 platform is expected to be more user friendly and to give you much more ease to navigate/bet/forecast.
In addition, I believe they are looking into DeFi and bringing something different to the table. A true oracle platform with consumer focus.
It took them 5 years to build it and now is the time to show their work.
As stated by Jeremy Gardner:
"It incorporates @0xProject for liquidity, @MakerDAO for stablecoins, and @UniswapProtocol."
Alex from 0x protocol even wrote about their integration with Augur (REP). Quite interesting piece on Reddit.
If it is working out, it could bring a new wave of new users to Crypto and DeFi apps !
What does the v2 platform looks like?
I think it looks quite good and easy to use, I cannot wait to try it out and make my first "bet".
If you would like to cruise through the future Augur Platform, click here
Augur v2 Launch & REP Migration Post.
FYI: If you had some REP Tokens you will have to migrate them. You will need to do so in a 60 day forking period.
What is the investment thesis?
I believe this project is different as it showed it is not a short term pump and dump nor a scam as they developed a product for the past 5 years.
In addition, it is quite unique in its platform and what it tries to address. I believe the v2 could bring mass adoption and even if it is already in the top 50-60 Top Crypto Market Cap; it could still double or triple in value if it succeeds.
Of course you will not see the type of gains some of the new DeFi coins have seen (X10-20 in a few weeks) which reminded me of the ICO craziness.
This is my humble opinion and I might be totally wrong. So, DO Your Own Research before making any move. Cheers !
Below is a good analysis on the short term catalysts for Augur
I would like to remind all the readers, this is not financial advice !
Resources:
https://www.augur.net/blog/
Augur FAQ
Augur Whitepaper
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Hello @vlemon
One cannot help but be surprised at the number of projects that exist. I didn't know about this one either. If you are in the top 60 in Coin Market Cap, you must have material to be able to continue in the future. But as you say, you have to do research to see what it is.
Now is a good time to get into project exploration.
Thank you for sharing this project.
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Yup, you will probably have a lot of marketing/material post v2 launch.
At least, I hope so 😂
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@tipu curate
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Thank you @crypto.piotr 😃.
I know I can always count on you !
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Upvoted 👌 (Mana: 16/20) Trade Steem <-> BTC from your wallet :)
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Augur seem to be a quite good project as per the details you provided but I will check more information and will spend some time on this project. Thanks for sharing this @vlemon
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You are more than welcome @reeta0119 !
Indeed, it is quite exciting. Let's see if they deliver !
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I've always loved augur, missed out on it during the early days so I kinda took my eyes of it. But it keeps making the waves and i keep coming across it
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Well, I liked it too from the start but if I am honest, they did not deliver "enough". I truly hope, this v2 is the one that will go mass market and be easier to use.
Let's see 😄
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Thanks for sharing this, I will take out time to properly understand the process.
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You surely need time and you should take it.
Doing your own research is VERY important.
Cheers @futurekr !
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Knowing they take 5 good years to build.
Common, they must really have a great plan worth people considering them of
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I hope, otherwise we should avoid it hehe
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