Founded by Jack Peterson and Joey Krug in 2014, Augur is a decentralized and P2P (Peer-to-Peer) prediction market protocol built on Ethereum, allowing users to create markets around the outcomes of real-world events. The protocol in itself is a compilation of immutable contracts existing on the Ethereum blockchain. Its native token, Augur Reputation (REP), is an ERC20 token that helps to report the prediction market outcomes.