Augur is a decentralized market used for making predictions for different future events. People have possibility to express their opinions by buying appropriate shares. Those who think contrary, also by shares which confirm their position. Finally, users who made correct predictions are rewarded with shares of those who were wrong. This process creates a forecasting tool, which is based on "Wisdom of the Crowd". Augur platform makes a change in prediction market by backing personal opinions with real value – its own token, called REPutation (REP). Running on blockchain
and smart contract technologies, it automatizes the payment process and eliminates human mistakes.