Augur to USD Price Chart

Augur Statistics

Market Rank	#2479
Market Cap	$ 5.5M
Volume 24h	$ 0.2M
Circ. Supply	8.0M
Total Supply	8.0M
Max Supply	8.0M

What is the current price of Augur (REP)?

As of now, Augur (REP) is priced at $ 0.68974400, which has increased by +10.21% in the last 24 hours. With a market cap of $ 5.5M, it ranks #2480 in the global cryptocurrency market.

What Is Augur (REP)?

Augur is a decentralized, trustless platform for prediction markets. It operates on the Ethereum network and has its own native token, REP. The platform allows users to create marketplaces for specific questions or predictions about future events. Meanwhile, other users can buy positive or negative shares corresponding to these questions or events, essentially wagering on the predicted outcome. Augur taps into the wisdom of the crowd, leveraging collective knowledge and intuition into a form of predictive search engine.

Who created Augur?

Augur was co-founded by Ron Bernstein, the founder of Intrade, and includes advisers such as Robin Hanson and Ethereum founder Vitalik Buterin. Its first contract was uploaded to the Ethereum network in April 2015 and its beta version was released in March 2016.

How does Augur work?

Augur works by enabling users to create prediction markets around specific questions or events. These could range from speculations about sports outcomes to political happenings. Other users can then buy positive or negative shares depending on whether they predict the event will turn out to be true or false. The constructs of these markets mean that their prices essentially represent the collective probabilities assigned to the event by the crowd. As decisions are made, Augur's users can earn profits from successful predictions.

What is the Augur (REP) token used for?

REP, or Reputation, is the native token of the Augur platform. It carries real-world value and is used for transactions within the Augur marketplace. Users can stake their REP tokens on the outcomes of events or use them for creating prediction markets.

How much Augur (REP) is in circulation?

As of now, there is a circulating supply of 8.0M REP tokens. The total supply caps off at 8.0M REP tokens.

Can I earn money with Augur?

While it's possible to earn money by making correct predictions on the Augur platform, it's important to highlight that this involves an element of risk comparable to gambling, and the results are not guaranteed.

Where Can You Buy Augur (REP)?

Augur's REP tokens can be purchased on the Zonda, Indodax, Kraken, Coinbase. It's recommended that you only use reputable platforms to ensure the safety of your investments.

How to keep your Augur (REP) safe?

It is essential to store your REP tokens in a secure wallet, rather than leaving them on an exchange. Ensure that you keep your private keys and recovery phrases in a safe place, as losing them could result in a permanent loss of your tokens. Additionally, always be on alert for phishing attacks and never disclose your private keys to anyone.

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