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No they do not. REP token holders get a "house take" in some contexts. Augur isn't a company, so a business model doesn't really make sense. Augur is a protocol
by gibsons77 8y ago
No they do not. REP token holders get a "house take" in some contexts. Augur isn't a company, so a business model doesn't really make sense. Augur is a protocol, and the Forecast Foundation is a non-profit that supports some development.
- wyldfire 8y ago> Augur is a protocol, and the Forecast Foundation is a non-profit that supports some development. Who got the $5 million?
- toine_toine 8y ago> 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.
- gibsons77 8y agohttp://allcoinsnews.com/2015/08/27/augur-raises-over-usd-4-million-worth-of-btc-ether-in-10-days-of-token-crowdsale/ http://allcoinsnews.com/2015/08/27/augur-raises-over-usd-4-m... Tl;dr is that 80% went to public, 16% to founders and 4% to foundation.