Review on Augur by Jesus Adrian González

Name: Augur
Item: Augur
Rating: 4

September 09, 2020

Augur Review

My interests are varied, I like sports, the economy, some politics, and even some reality shows. I mention this because at Augur I can make money by betting on things that I like.

Augur is a de-centralized platform that called based on the Ethereum blockchain technology, it was basically created to predict the future of events, markets, among other things. I came to this application after a friend spoke highly of it to me, since then whenever a special event approaches I try to bet on the platform.

Augur works basically like a traditional bookmaker and therefore charges a minimum commission for the bets that are made in it. What differentiates it from a traditional bookmaker is that it does not focus only on sports or games, but also deals with economics, politics and even environmental issues.

Augur is a platform that has its own tokens (REP) which is found on exchanges like Kucoin. Bittrex and others. There is a difference between Augur and other cryptocurrencies like bitcoin, one of the biggest is that it CANNOT be mined, and this is because its maximum amount was reached years ago. Another difference as mentioned above is that Augur charges a commission depending on the value of the bet and not per transaction.
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Pros

One of the things that I like the most about this platform is that the more when I do not let myself be carried away by the masses and I earn, my reward is greater. For example, suppose the bet of 1REP of an MLB game (Clubs vs Reds), if 80% of the bets are inclined to Clubs and 20% to the Reds and the Reds win the bettor will receive 1.80REPs.
It is available in major exchanges for marketing
It is based on blockchain technology from the ethereum network
Augur has a reward system for its users who report bugs or failures in the system.

Cons