Augur project wants to create an ultimate prediction and forecasting tool. They believe that if enough people make a prediction on a particular topic, let it be the political event, sport game results or even the weather, we should be able to gather a reliable data and most likely guess the outcome.
This startup managed to come up with an idea to collect this analytical data in a fun, competitive and potentially profitable for the participants' way. Small markets are created for these events, so users can buy shares of the prediction they believe will be the right one.
The platform not only appeals to the data scientists by creating a huge database of predictions on various topics but could also be a much better alternative to betting games or binary options. Therefore, they successfully tackle multiple different fields and markets, making Augur investment much more extensive.
Tokens used within the platform are called REPs. They have been on the market for some time already, therefore it is not hard to find and buy Augur, as it is listed on most of the biggest exchanges. The daily trade volume is also on a satisfactory level, which means it won't be hard to find sellers and buyers for these coins.
REP is an ERC-20 based token, which means it can be stored in most of the Ethereum wallets, like for example MyEtherWallet, MetaMask, Parity or even Jaxx. The smart contract is secure enough not to worry about the funds.