Augur (REP)

Augur (REP) is an ERC-20 token deployed on Ethereum, serving as the native asset of the Augur protocol, a decentralized prediction market network built on smart contracts. The project was developed by the Forecast Foundation and launched in 2018 following one of the earlier Ethereum-based crowdfunding events, which raised approximately 5,000 BTC in 2015. The token contract is located at 0x221657776846890989a759BA2973e427DfF5C9bB on Ethereum, and REP stands for Reputation, reflecting its original role in the protocol’s dispute resolution layer. Augur was designed to allow anyone to create and participate in prediction markets on real-world outcomes, covering topics from sports results to financial events, with market resolution enforced by on-chain dispute rounds.

The total and maximum supply of REP is fixed at 11,000,000 tokens, with all tokens in circulation. REP holders were required to report on the outcomes of markets within the Augur system; accurate reporters earned fees from market trading volume, while inaccurate reporters lost a portion of their stake. The protocol went through two major iterations: Augur v1 (2018) and Augur v2 (2020), with v2 introducing DAI-denominated markets and a revised dispute system. The GitHub repository is maintained under the AugurProject organisation, and the project’s historical codebase and protocol specifications remain publicly accessible on-chain and via GitHub.

The official website at augur.net has been offline since October 2024, indicating that active development and community support have ceased. The Ethereum contract remains deployed and can be inspected on Etherscan at the contract address above, where token holder counts, transfer history, and the verified contract source code are still visible. The project’s X account (@AugurProject) and Reddit community (r/Augur) were active during the operational period. Market data for REP is limited to decentralized exchange feeds and on-chain transfer records. Blockspot tracks REP using data sourced from the Ethereum network, with supply figures confirmed via the Etherscan token overview.