Review on Augur by Nikolay Sadonin

Augur is a technology that enables you to build your own prediction market on the Ethereum blockchain. Because of its high reliance on the Ethereum network, it is quite inflexible in the cryptocurrency market due to its high reliance on the Ethereum network. It is important to emphasize that Augur is not a prediction market in the traditional sense. Its token is the REP, which cannot be obtained via mining. If you win, you will get REP, if you lose, you will lose them. You only acquire it directly in the purchase to use it to make predictions.



One advantage is that individuals who place a large number of bets and win are not punished, nor are their betting limits reduced. No matter how much money you win, you may place an infinite number of bets without being restricted. If you do not want to proceed with the wager after it has been placed, you have the option of reselling it.



Only the Ethereum platform intervenes automatically and without the need for human involvement, ensuring 100 percent transparency for all payments. There are many individuals who like placing bets on anything, and here they have a place to do so while earning cryptocurrency assets in the process, which is not terrible. The gains should be transferred to another, more stable currency, in my opinion.