[tonysakich]

Hey thanks for sharing our project on this post! Just wanted to clear something up from what you said.

Augur's native token is not what is used to create markets, Augur's token is Called REP (short for Reputation) and holders of the token actually serve as reporters that serve as the basis of our decentralized oracle system.

We created a few resources to explain how REP works including how REP holders are rewarded for reporting the truth/punished for reporting lies. We created a short two minute animated video to explain this process you can check out here: https://www.youtube.com/watch?v=sCms-snzHk4.

Additionally there is a great resource going into much further detail about Reputation as well as an infographic to visually illustrate the process here: http://www.augur.net/blog/what-is-reputation

Finally feel free to reach out if you have any other questions. The Augur Alpha is out at http://demo.augur.net and our code is on github at http://github.com/augurproject