Informations

10.07

USD

Rank #339


WebSite : Augur.net
Whitepaper : Docs.augur.net
Domain Age : Registered over 20 years ago

  • 24 hours

    53.84%

  • 30 days

    130.57%

  • ATH

    -97.04%

Augur Ratings Score

Last score update : 13 hours ago

Augur Price live today

Augur (REP) is currently trading at 10.07 USD and with a circulating supply of 7,814,651 REP.
Its market capitalization is 79,154,482 USD.
REP price has moved 53.84% in the last 24 hours, with 32,818,880 USD worth of REP traded on various exchanges.
Augur currently ranks #339 in cryptocurrency rankings based on market capitalization.

About Augur (REP)

Augur is a trustless, decentralized platform for prediction markets. 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 own token, REP. Augur allows users to create their markets for specific questions they may have and to profit from the trading buys while allowing users to buy positive or negative shares regarding the outcome of a future event.

Prediction markets are markets created to trade the probability of an event happening. The market prices indicate what the crowd thinks the probability of an event happening. Predictive markets have shown to have been effective in accurately forecasting many results however it is still not widely used due to the many regulatory hurdles involved in setting up such a market. Augur aims to set up such a market in a decentralized manner.

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 own token, REP. Augur allows users to create their markets for specific questions they may have and to profit from the trading buys while allowing users to buy positive or negative shares regarding the outcome of a future event. Augur REP is the gambling cryptocurrency. It’s the crypto token you can use to bet on sporting events, political outcomes, economies and just about everything else in the prediction markets. Online gambling is a $52 billion a year industry.

At its founding the project included Intrade founder Ron Bernstein, Robin Hanson, and Ethereum founder Vitalik Buterin among its advisers. In April 2015, Augur's first contract was uploaded to the Ethereum network.The first beta version was released in March 2016. In October 2016, all the reputation tokens that were for sale during the 2015 crowdfunding campaign were distributed to their owners on the live Ethereum network and the two largest cryptocurrency exchanges, Poloniex and Kraken, added support for these tokens on their trading platforms. The project was delayed until it was launched in July 2018.