Augur (REP) Ranked 44 in Coin Market Daddy Currencies Index. Augur (REP) price is $20.96. It has a current circulating supply of 11,000,000 REP and a Marketcap of $144.21M. $29.84M worth of Augur (REP) has been traded in the past 24 hours. Augur (REP) currency type is token (Ethereum). REP trading is available in number of exchanges. Exchanges information is updated automatically. Stay tuned to check updated information. If you find any error on this page, please Contact Us to update Augur (REP) and contribute to CMD Cryptocurrency Encyclopedia.
Prediction markets are widely considered the best forecasting tool. Augur is an open, global platform where anyone anywhere can create, monitor or trade in prediction markets about any topic. Think of it as an "Early Warning System'' with the most accurate event forecasts, a potential "Google Search", "Bloomberg Terminal" or "Reuters Terminal" for crowdsourced event forecasts.
The system plans to use the "Wisdom of Crowds'' ("collective intelligence'') via market incentives, "Long Tail'' dynamics and blockchain technology to securely generate a more accurate, robust and unfiltered array of dynamic event forecasts than any alternative can match.
Augur is decentralized, self-regulating, pseudonymous and autonomous. It offers the promise of markets without exposure to counterparty risk, principal-agent problems or central points of control, failure or censorship. No person is ever in direct control of someone else’s funds or in a position to single-handedly threaten the system’s integrity.
The software is comprised of smart contracts perpetually deployed on a blockchain network, which enables applications deployed to be immune to local outages while benefiting from the entire community's security. All interactions with markets are communicated as database transactions between unique accounts powered by immutable software instructions.
Augur is an interesting project, and while it isn’t new it is worth looking into for its unique use of blockchain technology.Essentially, it is a decentralized market platform for making predictions. As an ERC20 token it uses the Ethereum network to harness the “Wisdom of the Crowd” and make p...