Augur REP
Report IssueAugur is a decentralized prediction market platform built on Blockchain technology. Prediction markets allow users to buy and sell shares in the outcome of an event.
Details
ByBit 
Gate 
Score
Sentiment
Bullish 
Fundraising Statistics
$0.57 -1.40%
$0.602
1confirmation Tier 1
Multicoin Capital Tier 1
Pantera Capital Tier 2 REPAugur
USDCUSD Coin
Short Review Augur
Crypto project Augur (REP) is classified as a Protocol. Augur is a Utility token that is hosted on the Ethereum Network. The current total supply is 7.82 M REP (Circulating Supply + Tokens yet to be released - Burned Tokens). (80.04% of total tokens) have been allocated for the public sale.
Augur ICO Overview
Estimated date for the public token sale: 14 August 2015. Augur (REP) price during the token sale: 0.602 USD.
REP Price Chart
The launch of REP token trading took place on 27 October 2015.
Fundraising Rounds
Total sold 8.80 M REP tokens (80.04% of total tokens). Total amount of funds raised by the Augur project is $5.30 M.
| Investment Round | Date | Price | Funds Raised |
| Public Sale | September 16, 2015 | $0.602 | $5.30 M |
Augur Investors
1confirmation Tier 1 Multicoin Capital Tier 1 Pantera Capital Tier 2Augur cryptocurrency (REP)
Augur is a decentralized platform based on the Ethereum blockchain. Vitalik Buterin himself volunteered to advise the project at the stage of its foundation. With Augur, every network participant can try to predict the outcome of any event in the world. It looks like the platform will make a lot of noise in the online gaming world in the future, especially among bookmakers and online casinos.
The main idea of the platform is to place bets within the Augur system without any control levers. This is possible for the following main reasons: the margin is lower than the bookmaker's office and control over the network is impossible due to decentralization. The platform has its own cryptocurrency REP and there is no option to use fiat money. As a result, it becomes possible to eliminate the influence of the state or other entities that may want to stop or prohibit these activities. The number of REP tokens is limited to 11,000,000 and new ones cannot be issued.
History of the Augur project
The founders of the project are Jack Peterson and Joseph Krug. One of the developers of Augur was Zach Hess, a fairly well-known figure among crypto enthusiasts and programmers. These people launched the project in April 2014. Their idea was to make the world of betting on various events decentralized. The main impetus for this idea was the closure of the InTrade forecast market in the United States. She was sued for non-compliance with financial requirements. A year later, Augur launched its first smart contract and began working in test mode in March 2016. The system was launched on the 17th floor of the hotel, in a room with a panoramic view of the Las Vegas Strip, so everything happened in the heart of the gambling world! A group of programmers immediately uploaded the code to the Ethereum blockchain.
Advantages of Augur (REP)
- Decentralization. The developers staged a revolution in the world of gambling and event forecasts, since with the help of a decentralized system they made it impossible for government authorities to prohibit this activity.
- No additional issue. What will contribute to the growth of the price of this cryptocurrency when new participants join the Augur platform.
- Intuitive and user-friendly interface. On the left side of the platform screen there are event categories. You can bet on an existing event or create your own. Everything is clear and simple.
- Don’t just place bets, create your own events. All bookmakers create their own events, set odds and payouts, but do not provide this opportunity to their users. With Augur, any user can not only place, but also accept bets. A feature like this is hard to find anywhere else.
Disadvantages of Augur (REP)
- The ability to bet on unproven events that cannot be verified b>.
