Re:Introduction to Augur, an open-source, decentralized bett...
by toine_toine on Monday August 20, 2018 @11:21AM
(#17800685)
> Who got the $5 million?
The foundation to fund development (which they kept in Ether so is much more valuable than $5million when the sale happened).
He's right, it's a protocol. There is no method for them to take a cut. The protocol gives the fees to the REP holders who report the outcome by staking their REP tokens.
The foundation to fund development (which they kept in Ether so is much more valuable than $5million when the sale happened).
He's right, it's a protocol. There is no method for them to take a cut. The protocol gives the fees to the REP holders who report the outcome by staking their REP tokens.