Ethereum blockchain prediction platform Augur raises $4.7 million

Ethereum blockchain prediction platform Augur has raised $4.7 million so far. The sale website remains “sale.Augur.net.”

Ethereum is a decentralized blockchain network similar to the Bitcoin network.

Speaking about the sale, Ethereum founder Vitalik Buterin said, “I consider Augur to be one of the most promising applications of blockchain technology.”

Max Keiser, editor-in-chief of the Keiser Report, also praised it, saying, "Augur solves traditional prediction market problems, and the decentralization and overall design of the blockchain are world-class."

Ethereum blockchain platform Augur claims to be centered around collective intelligence that can predict outcomes and trends more accurately than so-called experts. Its applicable principle is to predict the market in a decentralized environment, which will help eliminate fraud and corruption.

So, in summary, we can basically conclude that Augur allows users to predict any event, whether it is an election, world events, opportunities or anything almost unimaginable, such as when the solar system will end.