Augur co-founder Jack Peterson details the amount raised during the project's 2015 initial token sale to host Nathan Latka.
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“We raised 5.3 million dollars. In August and September of 2015. ... It was 5.3 million in crypto. 5.3 million dollars equivalent in crypto.”
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More from Jack Peterson
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Peterson: Augur operates as a peer-to-peer prediction market without centralized house
“The people in the market set the price. So you're actually, you're not trading like with Augur. You're trading with other participants in the market. Normally the person who initially creates the market will set up an order book, right? So they'll have initial…”
Jack PetersonAug 27, 2017▶ 8:17764: He Raised $5.3m in Token Offering on Etherum Blockchain to help you bet on future events
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Peterson: Augur does not handle money transmission or fiat conversion
“We don't, we're not actually involved in converting US dollars to anything else. We're, we don't get involved with money transmission or anything like that. We don't distribute ether either.”
Jack PetersonAug 27, 2017▶ 12:00764: He Raised $5.3m in Token Offering on Etherum Blockchain to help you bet on future events
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Peterson: REP tokens confer market resolution rights, not profit sharing
“Basically, there, it's, you, Pete, if you have REP, you have a stake in the system, not in the sense of having a stake in the profits from the system, but in helping to resolve markets on the system after you know, the market's complete.”
Jack PetersonAug 27, 2017▶ 17:11764: He Raised $5.3m in Token Offering on Etherum Blockchain to help you bet on future events
Disclosure
Peterson: Augur will embed ShapeShift and Coinbase plugins for onboarding
“Augur will have little plugins like that. There'll be one for shapeshifts and one for Coinbase.”
Jack PetersonAug 27, 2017▶ 14:04764: He Raised $5.3m in Token Offering on Etherum Blockchain to help you bet on future events
Disclosure
Peterson: Augur pays team in US dollars converted from crypto
“So we actually for the most part, our payroll is just in, in US dollars. ... But the well, we, so we raised money in cryptocurrency and have, you know, converted some of it to US dollars for payroll.”
Jack PetersonAug 27, 2017▶ 17:38764: He Raised $5.3m in Token Offering on Etherum Blockchain to help you bet on future events
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