As Augur’s use case continues to get more recognition in the prediction market, the blockchain technology is now being used to predict public figure’s death, among which the U.S President, Donald Trump’s death.
Known as “assassination markets”, the use of blockchain technology has popped up in the area in foretelling the possibility of someone dying at a particular period.
According to a report issued out by a New York City media outlet, Mashable on July 24, people have started predicting the death of public figures around the world with Augur’s tool.
Donald Trump and the octogenarian American business magnate, Warren Buffett’s death likelihood in 2018 was recently predicted.
The result of the prediction “Will Donald Trump (President of The USA) be killed at any point during 2018,” which took place on July 23 came out as 50.3% share positive.
Even though the assassination market, in the past has been escorted with a tool very much akin to this, Augur’s idea seems a bit different, as it stands out to give better results with high level of control against deceit and reward attached to predictions made, which finally comes to pass.
According to a report published by Forbes in 2013, the demise of the then American president, Barack Obama and Ben Bernanke was crowd-funded with bitcoin on an online market place.
About Augur (REP)
Augur is a free, open-source protocol exploiting blockchain technology to create a reliable prediction network for users.
Created by a non-profit group, Forecast Foundation, the open-source protocol was launched on Ethereum network.
On July 10, the prediction blockchain technology officially announced it MainNet launch after it token was successfully migrated.
Forecast Foundation declares itself as a group of people which includes developers and other technology professionals who are enthusiasts of decentralised applications.
With the use of “The Wisdom of the Crowd” mechanism, Augur provides users with a more accurate real-time predictive data.
Augur tries to make its system reliable by rewarding users who predict events accurately with REP and penalises a predictor who reports an incorrect outcome.
Augur (REP) in the market.
As at the press times, Augur is priced at $30.87, and it is a gainer in the market. The altcoin, according to Coinranking added 3.80% to its value in the last 24hrs, and there is hope that with the new development, it will add more to its value in coming days.