Augur, a cryptocurrency project on the Ethereum network, has just announced that it be launching its long-awaited prediction platform.
Augur Prediction Platform: Three Years In The Making
For the uninitiated, Augur is a decentralized predictions platform based on the Ethereum network, that allows for users to create and place bets on any event. Whether it be the next American president or the winner of this year’s World Cup, Augur users will be able to place their hard-earned cryptocurrency funds on an outcome.
Vitalik Buterin, well-known co-founder of Ethereum and advisor to Forecast Foundation, the organization behind the prediction platform, expressed his excitement for a prediction platform, stating:
“I have been excited about the possibility of prediction markets on Ethereum for a long time.”
While this sounds all well and good, for over two years, this platform was just a concept with no official product. Augur was one of the first successful ICOs in the cryptocurrency space, raising upwards of $5.5 million in 2015. However, since then, the collective value of Augur’s REP ERC-20 tokens has ballooned to become the 38th largest cryptocurrency, at $375 million.
Due to the project garnering immense interest from all corners of the cryptocurrency community, the Augur platform become one of the most anticipated releases in the industry. With today’s announcement, the final deployment plan has been put into effect, with the platform’s team expecting a full launch within the next