We would like to emphasize why we are using a crowdsale to distribute the Reputation Tokens necessary for Augur to work. Ideally we would have used a different distribution method besides a crowdsale but a crowdsale is needed for the decentralized oracle system used by Augur to ensure proper event reporting.
We also want to reassure those who are interested in creating markets and placing wagers in Augur that it will be open to absolutely anyone, Reputation tokens are only used by those who are responsible to report event outcomes. Anyone (with or without REP tokens) can create markets and trade in all markets.
It's important to us that the community is crystal clear with what we are doing and why we are doing it, so please contact us with any questions you might have and also consult our FAQ section.
In the spirit of full disclosure, the people who bought in early to the sale as noted in our previous post were Vitalik Buterin, Bo Shen, and Erik Voorhees.
You can enter an Ethereum address to receive your rep anytime between now and the final launch of Augur. You can change it anytime before then as well if you get a new address you want to use instead.
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