- 1 What is Augur (REP)?
- 2 Augur (REP): History
- 3 How Does Augur (REP) Work?
- 4 How to Buy Augur (REP)?
What is Augur (REP)?
Augur is an Ethereum-based decentralized prediction market that leverages the wisdom of the crowds to create a search engine for the future that runs on its token, REP. Augur enables users to create their markets for specific questions they may have and to profit from the trading buys while permitting users to buy positive or negative shares regarding the outcome of a future event. The Augur aims to revolutionize prediction markets, and by doing this changing the way people received and verify ‘truth.’
Augur (REP): History
Augur is a trustless, open-source, decentralized oracle and prediction market platform built on the Ethereum blockchain. Augur was launched in 2014 by Jack Peterson and Joey Krug. It aims to develop a decentralized oracle and prediction market platform on the blockchain that could be deployed by anyone as open-source software. During the fall of 2015, it sold out 11 million reputation tokens to more than 4,000 participants.
How Does Augur (REP) Work?
The value of each share adds up to one dollar, so if a negative share is worth 50 cents and if a real share is worth 50 cents, there is a 50/50 probability of said event becoming true or false according to the platform. If that happens, then the positive shareholders will get a full dollar for each share bought. The current market price of a share is an estimate of the probability of an event occurring. Users no need to hold on to a share until the event takes place, as shares can be freely traded in the Augur exchange until the event takes place.
How to Buy Augur (REP)?
First of all, you need to create an Augur wallet; then you have to name the wallet like ‘my new wallet.’ Then create a password for it and make sure you won’t forget the password. If its so, then you will not be able to access your coins. You can choose MyEtherWallet for storing your Augur coins as it is the easiest and most convenient wallet option for you. Now you can purchase Ethereum by using Coinbase so that we can exchange it for Augur. Finally, you can trade Ethereum for Augur.
Augur (REP) Price Prediction 2018
REP can be a profitable investment option. Augur price equal to 67.000 USD at 2018-01-19. If you buy Augur for 100 dollars today, you will get a total of 1.493 REP. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-01-13 is 232.977 US Dollars. With a 5-year investment, the revenue is expected to be around +247.73%. Your current $100 investment may be up to $347.73 in 2022. The price today of Augur (REP) is $67.06, and the market cap value is $737,693,000. It has a current supply of 11,000,000 REP and the volume $21,419,400. Augur (REP) price today, Augur (REP) where to buy, Augur (REP) price chart, Augur (REP) history, Augur (REP) market cap, Augur (REP) exchanges, Augur (REP) mining, Augur (REP) mining software.