Augur

Halal Rating :
Uncomfortable
Last Price $0.6 Last updated:
Rank 1374
1D Change 6.47 %
Market Cap $6.63m
Circulating supply 11,000,000
Maximum supply None
Crypto Overview Crypto Impact

Crypto Overview

Categories
  • Platform
  • DeFi
  • Oracles
  • Prediction Markets
  • Reputation
  • Ethereum Ecosystem
  • Storage
  • 1Confirmation Portfolio
  • Pantera Capital Portfolio
  • Multicoin Capital Portfolio
  • Polygon Ecosystem

Purpose and Utility

Augur is a decentralized prediction market protocol built on the Ethereum blockchain. REP (Reputation) tokens are used to report and dispute outcomes in these prediction markets. Token holders who accurately report outcomes are rewarded with fees from market creation and trading.

Business Model Analysis

Augur's core functionality revolves around creating and participating in prediction markets, which essentially operate as betting platforms. Users can create markets about future events, and others can buy positions on different outcomes. While the platform has legitimate use cases like hedging and information discovery, its primary use case aligns closely with gambling mechanics.

Real-World Adoption

The platform has seen limited adoption, with relatively low trading volumes and market participation. Most markets created on the platform relate to sports events, political outcomes, and cryptocurrency price predictions.

Development Activity

The project maintains active development, with regular updates and improvements to the protocol. The team continues to work on scaling solutions and user experience improvements.

Token Distribution

REP tokens were distributed through an ICO in 2015, with a significant portion allocated to the founding team and early investors. The project has maintained transparent tokenomics and clear vesting schedules.

Crypto Impact

To assign a comfort level investing in Augur from a halal perspective we need to determine whether it has a net positive or negative impact.

Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Augur.

If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.

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Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.

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