Review on Augur by Inioluwa Okedeji
A Review On Augur(REP)
Augur(REP) is a set of open source code based smart contracts built on the ethereum blockchain.
Augur founded in 2014 by Jack Peterson and Joey Krug, sought to create and produce a shift from the traditional prediction of markets.
Augur brought about one of the first ICO on the ethereum technology.
Augur(REP), unveiled in 2018 is a p2p protocol for prediction of markets.
The Forecast Foundation, which are a group of developers that help by contributing to the maintenance of this (Augur) protocol.
It allows its users the opportunity to receive massive payouts after they've successfully predicted a winning outcome.
The winning payouts are made in ethereum (Eth).
Augur is like source that verifies occurrences that takes place in the real world.
Augur(Rep) token was created to make use of the wisdom of the crowd through the prediction of markets.
The Augur project is very active and popular on social networks.
The REP token is available for trading on most cryptocurrency exchanges.
Augur's rewarding of a predicted winning outcome is very fair.
It operates a very swift payment system with highly secured transactions.
Augur( Rep) is currently ranked 68th on coinmarketcap.
It has a total market cap of $182,084,385 USD.
REP circulating supply is 11,000,000 REP
It's maximum supply currently has no data.
Pros
- REP token operates an open source code
- REP token is also meant for the prediction of markets
- Augur requires a considerably low fees for its transactions.
- REP token is available for trading on major cryptocurrency exchanges in the world.
Cons
- REP token is not mineable
