How much was raised by the Augur Initial Coin Offering about how were the funds and REP tokens distributed?
The Forecast Foundation was responsible for running the Augur Initial Coin Offering (ICO), including the distribution or raised funds and the supply of Reputation (REP) ERC20 tokens. 80% of REP was sold to the public, with 16% of REP going to Augur founders and 4% going to the Forecast Foundation.
Approximately $5.3 million worth of BTC and ETH was raised in the crowdsale leading to the initial distribution of the 11 million REP supply.
80% of the 11 million REP created, or 8,800,000 REP went directly to the purchasers of of Initial Coin Offering
16% of 11 million REP equals 1,760,000 REP was allocated to the Augur founders
4% of 11 million REP equals 440,000 REP in seed funding for the Forecast Foundation