Augur is a decentralized prediction market platform based on Ethereum blockchain technology. Users can use digital currency for forecasting and betting, relying on the wisdom of the masses to predict the development results of events, effectively eliminating counterparty risks and server centralization risks, while creating a global market using cryptocurrencies such as Bitcoin.August is a decentralized prediction market platform built on the Ethereum platform. Using August, anyone can create a predictive market and provide initial liquidity for any topic they are interested in (such as who will win the US election), which is a decentralized process.In return, the creators of the market will receive half of the transaction costs from the market. Ordinary users can predict and buy or sell stocks on August based on their own information and judgment, such as the US presidential election. After an event occurs, if you predict correctly and hold stocks with the correct results, you will receive $1 per share, resulting in a return of $1 minus the original purchase cost. If you make incorrect predictions and hold stocks with incorrect results, you will not receive rewards, and your loss will be the original purchase cost.Many factors make August different from traditional forecasting markets, but the most important difference is that August is globalized and decentralized. Anyone from around the world can use Auger, which will bring unprecedented liquidity, trading volume, and a variety of perspectives and topics that traditional exchanges have never had before.