Review on Augur by José A Rodríguez
Trading and Betting on an Ethereum-Supported Platform
Augur is a decentralized platform coming from the category of DeFi projects that offers particularly unique features for a blockchain, it means, it works properly for betting a but it is not a casino, anyway. This platform permits to adopt cryptocurrencies as a universal right just by following bettings for some of the things customers really enjoy like sports, economics, world events, and other promotions. As many readers can see the network although available for everyone, is not an option I recommend if you are not better. The main token that can be rapidly managed on it is the BTC, of course, but it has attention to other cryptos as well.
As I understood, the networks were designed with just one great purpose to serve as a total option to store losing money in platforms where betting is a process of time and luck, and users do not commonly obtain what they want. Here, everything flows different, and despite I am not a better I can understand the exhaustive process the company did to created it. This blockchain acts totally free of risk for account-blocking, and other issues. Users can feel comfortable while taking a trip on the network and fin the real value of a decentralized product. Moreover, although the first stage is designed for betting, users can later trade everything they have or just a portion of it. The exchange system is still in development, and it is going to be ready soon, as the company informed.
The good thing of the points discussed if they go against fees-listing that sometimes become tedious to pay because of the expenses they might be. Here, the company offers a secure and cheaper option for trading. Besides, there are no limits for bets and other processes. The user can be active the whole day in the platform depending on its interests. One of the things I really enjoyed the most from on it is that it is totally global. Everyone everywhere has access to and control of their actions in the exchange. I like the attention many users have put on it and how they claim it as an ideal product.
This product is another of the long releases partnered to Ethereum. It has also had some issues, currently, because of the volatility of prices, even more, when it is of an exchange and betting platform. However, all payments are executed and confirmed without worries. The app for trading is great, it counts with shared and well-known features that won't difficult the management of it. However, it is totally organized and easy to understand.
In conclusion, every day the crypto-world keeps filled with impressive releases for the support of cryptocurrency management and adoption. Having access to a platform of this kind implies that now the trading and betting can be totally mixed as a great hybrid way of having cryptos rapidly, even more, those running in the ERC-20 network. Augur is a good company, although as I wrote before is better for active traders and Bettors who really know how to enter the process. Anyways, it is still an option to learn of.
Pros
- Great and unique design for a platform dedicated to trading and betting as an option of direct access to cryptos where limits do not exist.
- Supported by the Ethereum network what means it has active operative and more chances of becoming a partner for every trader.
- It is globally available and it does not have any restrictions until now. Entering on it is a simple task that requires a few minutes.
- The main platform is a good design for a common trading window. It was designed and updated with careful attention.
Cons
- It is not a product easy to manage if the user does not know how to enter the trading fields. The betting section can become a tedious task that requires time to master it.
- It still requires management and development for some of the things it provides.
- The volume for trading and betting on it has decreased a little due to the high of fees that are registered in the Ethereum network, even when the platform offers cheap options for them.
