Source: Augur Blog

Augur Blog Crowdsale Update: $1.3 Million Raised in First 26 Hours

Since our crowdsale started at 12PM EST of August 17th 2015, Augur's Reputation Token Crowdsale has raised $1.3 million in BTC & Ether. To be more specific, at 2:20PM EST on Tuesday, August 18th we have raised a total of 2857.05533165 BTC & 453944.10038364 ETH which equates to roughly $1,294,285 at the moment this is being written.Additionally, there are 2257 accounts that were created for the crowds (this number is very important as a wider amount users with REP, the more decentralized Augur's referee system will be, which is one of the top priorities of the crowdsale).The very first thing we would like to say is a sincere thank you to everyone who has supported Augur. As a non-profit group that will rely on these funds to create a user-friendly platform that will appeal to a much wider audience than the crypto community, they will enable us to achieve this goal and provide essential security audits and testing for the platform. Additionally, the money raised will help us continue to get the best legal advice, another valuable benefit.The funds raised are important but the impressive number of participants is even more important and will enable the decentralized oracle system that Augur uses to be more distributed.Personally, I (Tony Sakich) would like to share how hard this team has worked on building the platform. What many aren't aware of is that Augur/The Forecast Foundation is a non-profit group with only seven people officially under its umbrella.I always believed in the strategy created for Augur to execute since I began, but the more impressive aspect of our team is the hard work our developers have put in to creating the crowdsale application at was being developed at the same time as the Read More

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Joey Krug's photo - Co-Founder of Augur, Net


Joey Krug

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Augur is an open-source prediction market platform for the bitcoin exchange companies. Read more