Review on Augur by Douglas Cachazo
Augur REP: Dapp for where you earn money for predictions.
Project developed by Forecast Foundation which does not own or receive any participation, they only developed the application for free, a platform made up of a web and dapp in which you can bet on specific results. For example, cryptocurrency behavior, sports event results, any event that has a winning result or a positive and even negative behavior. It is based on the Ethereum platform, developed in a free and open source protocol. I had read that it was 0x but couldn't confirm it. It is only mentioned that it was developed with the Augur protocol.
It should be noted that augur is not a prediction market, it is a protocol that allows you to create your own prediction market. Its token is the Augur REP, launched in an Ico in 2015, this crypto REP cannot be mined. You only buy it directly in the purchase to make predictions, if you win you will win REP otherwise you will lose them. The REP is currently at $ 16.57 with a record high of $ 99.80 in January 2018.
Something positive is that those who bet a lot and win are not penalized and nor do they lower their limits, no matter how much you win, your bets are unlimited, without a cap. Once the bet is made, if you do not want to continue, there is the possibility of selling it. Payments are safe and only the ethereum platform intervenes automatically without human intervention, 100% transparency
There are many people who like to bet on anything, here they have a place to entertain themselves and earn crypto assets for it, not bad.
I recommend transferring the profits to another, more stable currency.
Pros
- Unique innovative project in its style.
- Bets without limits and does not penalize success
- 100% transparent bets and awards
Cons
- It does not have its own blockchain platform
