Augur is a prediction market platform, besides market platform augur is an open-source, peer-to-peer, and decentralized foundation built on Ethereum. Augur reward the people trading on the platform if and only if they bet on the favorable outcome.
The main idea behind the platform is to use the market for predicting the trading outcome. Augur also provides its own tradable token known as ”Reputation” or Augur (REP). In the year 2015, when the coin was launched the reputation is fixed at 11 million USD.
Augur-First Decentralised Application On Ethereum Blockchain
Augur was one of the first decentralized applications based on the Ethereum blockchain, first crowd sale for the trading platform initiated in august and September the same year of its release. Augur coin prediction market runs on its own tradable token “reputation” (REP). The system provides each share of its own value.
Suppose if the negative and positive parts are equivalent to 50, then the chances for both the correct and false predictions will be 50%/50%. And if the participant comes with the correct price prediction then the participant will be rewarded with a positive price and vice versa.
There is no need to hold the share, waiting for the outcome. Users are allowed to sell or buy shares at any time until the event is completed. Earning with augur is so simple and you can minimize the probability. But go through the right approach which helps you in growing financially.
Currently, Augur market capital is around $142,255,722 with a 24-hour trading volume of $50,390,666. Augur price presently around$ 12.94 with the circulating supply of 11,000,000/11,000,000.
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