Augur
REP Price
Augur (REP) is a decentralized prediction market platform on Ethereum. More
| Fully Diluted Valuation | $5.53M |
|---|---|
| 24H Trading Volume | $97,412 |
| 24H Low / High | $0.66 / $ 0.69 |
| Circulating Supply | 8.05 M |
| Total Supply | 8.05 M |
| Max Supply | 8.05 M |
| Categories | Decentralized Finance (DeFi) 4 more |
|---|---|
| Founder | Jack Peterson 1 more |
| Website | augur.net Whitepaper |
| Socials | 5 more |
| Chains | Ethereum Ecosystem 1 more |
| Explorer | Etherscan 4 more |
| Contracts |
0x221....5c9bb
1 more
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| Name | Pair | OG Score |
|---|
Augur is a platform where people can bet on the results of future events. By trading shares on these outcomes, users can make predictions about things like elections, weather, or company performance. The platform uses blockchain technology to operate without relying on central authorities, which helps reduce risks and increase transparency.
Political Forecasting
Users can use Augur to predict political events such as elections and policy changes. This allows people with insights into politics to make informed bets on what might happen next.
Event Hedging
Augur can also be used to hedge against potential risks like natural disasters or economic downturns. By betting on whether these events will occur, users can protect themselves against potential losses.
Weather Prediction
Augur’s prediction markets can be used for forecasting weather events like hurricanes or extreme temperatures. The platform gathers predictions from many users to provide more accurate weather forecasts.
Company Forecasting
Businesses can use Augur to predict important information such as sales figures or project completion dates. This helps companies make better decisions based on market expectations.
The Reputation Token (REP)
Augur uses a token called REP to manage reporting and disputes. Users who correctly report event outcomes earn rewards from the market fees, while incorrect reports can result in losing REP tokens. This system encourages accurate reporting and helps keep the platform trustworthy.
Decentralized and Transparent
Augur is a decentralized platform, meaning it operates without a central authority. This ensures fair and transparent access to markets. Users can also create their own prediction markets on Augur.
Development and Evolution
Launched in July 2018 by the Forecast Foundation, Augur has seen updates like the REPv2 token to add new features. The Forecast Foundation supports the platform but does not control it, focusing on improving the open-source protocol.
In essence, Augur (REP) is a blockchain-based platform where users can trade on the outcomes of various events. It offers a decentralized, transparent way to make predictions and manage risks.
Augur (REP) is unique for its decentralized prediction market platform built on Ethereum, allowing users to trade shares on event outcomes with reduced counterparty risk and increased transparency. It uses the Reputation token (REP) to incentivize accurate reporting and maintain market integrity.
Augur (REP) was launched by the Forecast Foundation, a group of developers and technology professionals passionate about decentralized applications. The Forecast Foundation supports but does not lead the project. Jack Peterson and Joey Krug are the founders of the project.
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There may be different staking options available such as to participating in DAOs, decentralized governance and revenue sharing. Please watch out for scams. Only consider staking options promoted on the official website of the project and advised partners. Please click here to see the official links and make sure to follow the latest instructions.
This data is dynamic and varies depending on the number of tokens that are being vested/vesting, removed from circulation because of network transactions or burned permanently and staking reward distribution mechanism. According to self-declared data the circulating supply of Augur (REP) is ($8,047,327), max supply of Augur REP is ($8,047,327) and the market cap of Augur REP is ($5,532,729).
What is the Augur (REP) price prediction?
Predicting prices in the crypto market is highly speculative and can't be definitively stated. Various factors drive price movements such as macroeconomics, Bitcoin ($btc) and crypto market overall behavior, on-chain activity, whale positionings, growth potential of the project etc. We cannot give any price predictions nor financial advice, but you can look at our comprehensive data, expert user reviews and decide if the product suits your needs! Please do your own research DYOR!
The current market price of Augur (REP) is $0. As the OGAudit community we mainly focus on features such as use cases, product development, and sustainable growth. However, we also provide real-time market data and coin/token statistics, analytics, price history for popular altcoins. see here.
It is important to do comprehensive research before deciding whether Augur (REP) or any other cryptocurrency is a good investment. We believe you should ask each of these questions before deciding to invest or make partnerships with any crypto project:
Is this type of digital asset considered legal in your country?
Does Coin (Augur REP) solve a good problem or offer the best solution?
Do products and services work effectively, and solutions are scalable?
Does the team have a realistic roadmap and can catch up with it?
Does Augur (REP) have reasonable and sustainable revenue income models?
Can the team market their products and services well?
How decentralized is the governance and how strong is the community?
Has it reached its fair market value yet?
Does the coin/token have enough trading pairs and liquidity?
As the OGAudit community crypto experts, we evaluate crypto projects by asking each of these questions and more, to provide objective and reliable comments and ratings for the end-user, investors, and institutions. By carefully considering these reviews, ratings, and price action, you can decide whether Augur (REP) is a good crypto to invest in or not. To access these evaluations and ratings please click here . The OGAudit experts are the largest, most experienced, and elite users in the crypto space. However, keep in mind that the scores, expert reviews and comments on our platform are OGAudit users’ personal views and meant for educational purposes only. None of the information we publish on our website contains any investment advice and should not be perceived as such. Always -DYOR- do your own research well.
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