Augur (REP)

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Augur (REP)

What is Augur?

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.

Key Facts & Snapshot

Symbol: REP
CoinGecko id: augur
Market cap rank (CoinGecko): #1329
Categories: Decentralized Finance (DeFi), Prediction Markets, Ethereum Ecosystem, Pantera Capital Portfolio, Energi Ecosystem
Circulating supply (snapshot): 8,170,205
Total supply (snapshot): 8,170,205
All-time high (USD, CoinGecko): $341.85 (Feb 10, 2016)
All-time low (USD, CoinGecko): $0.000 (Jan 22, 2016)