|Brief||Augur is a decentralized oracle and prediction market platform. Users feed real world information into Augur's contracts. Augur ensures the accuracy of this real world information by providing a financial incentive for REP token holders.|
|Last updated:||Tuesday, October 22, 2019 4:57:03PM UTC|
|Current price, USD:||8.134|
|Current price, BTC:||0.0009877|
|Market capitalization, USD:||89 477 401|
|Available supply:||11 000 000 REP|
|Volume 24 hours, USD:||5 993 552|
General REP facts, technical details and general information about Augur crypto currency
Augur is a decentralized oracle and prediction market platform. Users feed real world information into Augur's contracts. Augur ensures the accuracy of this real world information by providing a financial incentive for REP token holders to correct markets they believe have been reported on incorrectly. There are several ways users can participate in Augur: you can trade shares in markets, create prediction markets, or participate in the reporting system to keep the Augur oracle honest.
On Augur, market creators set the event start and end times, a designated reporter, resolution source, and settlement fee. Traders can purchase shares in Augur markets immediately after market creation. The Augur contracts maintain an order book for every market created, and offer shares at the current best price. Settlement fees are paid by traders when positions are settled within a market. After the event has occurred, the outcome is determined by the designed reporter, or ultimately, Augur’s decentralized oracle, if necessary.
REP (Reputation) token holders can participate in the Augur reporting system. REP token holders have the ability to dispute the tentative outcome of any Augur market within 7 days of resolution by staking a dispute bond. When doing so, the Augur market will go into a dispute round, where REP holders can stake REP tokens on one of the markets possible outcomes. If the tentative outcome is overturned, users who participated by staking on the new winning outcome will receive a 50% ROI. There is always a financial incentive to keep the Augur oracle reflecting reality.
We list daily Augur historical data for the past 10 days
|Date||Open, $||Min, $||Max, $||Market cap, $|
|Oct 13||8.239||8.047||8.483||91 974 298|
|Oct 14||8.238||8.045||8.288||91 171 373|
|Oct 15||8.232||8.145||8.459||91 180 590|
|Oct 16||8.170||7.945||8.338||89 751 977|
|Oct 17||8.125||7.996||8.21||89 468 995|
|Oct 18||8.316||8.07||8.316||91 034 937|
|Oct 19||8.254||8.091||8.338||90 013 225|
|Oct 20||8.152||7.993||8.249||90 734 019|
|Oct 21||8.163||8.076||8.306||90 816 196|
|Oct 22||8.251||8.134||8.276||89 477 401|
|REP price change 24 hours||-1.6%|
|REP price change 7 days||-2.19%|
Just like any nascent crypto trader, I wasn't paying much attention to the fundamentals of coins when I first started trading. I was just looking the price action, watching out for coins in the red that had the potential for growth. That's when I stumbled upon Augur, and it had given me one of the best trading experiences to date. I bought a huge dip in December 2018, when the price of Augur was around $6. A bit more than a month later, REP spiked to $18 per coin, thus tripling my investment.
For some reason REP has been pumping lately. Could it be because of insider trading? Is there about to be a large announcement, such as its platform is fully operational and we can start earning REP for making accurate predictions? It’s too early to know, but REP will become a unicorn again if it pulls of what so many have been waiting for so long. Augur made a great comeback after they were announced on Coinbase, but this might have only been a fad. The same was seen with other altcoins, such as BAT that grew during their listings from CB.
Augur still amazes me when I use their platform. They were the first ERC20 token to finally go live off of the Ethereum network. There were so many dApps that were speculating around that time, but REP pulled it off first. What's even more impressive is that the team has continued working away just as hard as though they haven't released their mainnet. This shows a ton of dedication from their humble team.
The one thing I've listened to Augur for was their call on the Super Bowl game between the Patriots and the Rams. It's amazing that Augur called a win for the Patriots. I bet a whole Bitcoin on that game and Brady pulled through.
When is the expected full addition to the exchange? The fact that they now trade in receipts on several exchanges, I know.
We publish the most accurate Augur Forecasts and News including crypto industry experts' opinion on a daily basis