The Augur price includes a prediction market platform, open to everyone, where users can buy and sell outcomes of events and help determine the market's probability of an events happening. The underlying technology makes this possible in a decentralized and trustless manner.
Augur uses a token called reputation (REP) to allow users to report and dispute the outcomes of events. Ethereum is the currency used to pay out winners of outcomes, according to the REP price.
Although prediction markets have proven valuable tools for forecasting the results of many real-world events, regulatory restrictions often prevent markets from being set up. Augur aims to remove these hurdles and leverage the power of these markets.
Source: NEWSBTC - 5 days ago
While the bears continue to pound the markets into the ground the builders and innovators of crypto and blockchain soldier on. Binance is one of those industry leaders and it has recently announced a week long blockchain conference in Singapore to showcase the technology. A Week Of Blockchain and Crypto Goodness The first Binance Blockchain...
Source: The Merkle - 2 weeks ago
It has become rather apparent today may not be the best day for cryptocurrency trading. Although all currencies can be scooped at up very appealing discounts, there is seemingly little room for upward momentum. One interesting exception is Augur, as the REP price is going up in spectacular fashion. This completely bucks the overall market […]
Source: AltCoin Today - 1 month ago
US Elections Push Augur’s Total Ether Bets Over $2 Million U.S. elections drama may be dragging Augur out of the doldrums. The decentralized betting platform built on ethereum enjoyed a promising launch in July but then stagnated due to its clunky user experience and a general decline in the use of decentralized applications. As Tuesday’s mid-term elections…
Source: The Merkle - 1 month ago
It would appear this week is shaping up rather nicely for Augur price speculators. More specifically, there has been a pretty interesting gain for this token over the past few hours, although nothing major has materialized just yet. If this trend keeps up, the value per REP should surpass $15 in rather quick succession. Augur […]
Source: NEWSBTC - 1 month ago
In April, a blockchain entrepreneur has surprised the space by launching a savage legal attack on his four associates, alleging that all of them committed acts of fraud, breach of contract and trade theft. The allegation resulted in a $152 million lawsuit, the most expensive claim the cryptocurrency space had seen, even until this very...