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Augur (REP) Rank 45
$18.846009
Augur (REP) Rank 45
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11,000,000 REP

Augur (REP)
Augur (REP)
REP

Augur (REP) Price
$18.85

Augur (REP) 24h Vol
$9,088,685

Augur (REP) Market Cap
$207,306,095

Augur (REP) Circulating
11,000,000

Full Name
Augur (REP)
Symbol
REP
Algorithm
ETH Token
BTC Price
0.002034685 BTC
BTC Market
22,382 BTC
BTC 24h Vol
981 BTC
Total Coins Mined
11,000,000 REP
1h
0.19 %
24h
1.3 %
7d
0.77 %
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Description

Description


Prediction markets are widely considered the best forecasting tool. Augur is an open, global platform where anyone anywhere can create, monitor or trade in prediction markets about any topic. Think of it as an "Early Warning System'' with the most accurate event forecasts, a potential "Google Search", "Bloomberg Terminal" or "Reuters Terminal" for crowdsourced event forecasts.

The system plans to use the "Wisdom of Crowds'' ("collective intelligence'') via market incentives, "Long Tail'' dynamics and blockchain technology to securely generate a more accurate, robust and unfiltered array of dynamic event forecasts than any alternative can match.

Augur is decentralized, self-regulating, pseudonymous and autonomous. It offers the promise of markets without exposure to counterparty risk, principal-agent problems or central points of control, failure or censorship. No person is ever in direct control of someone else’s funds or in a position to single-handedly threaten the system’s integrity.

The software is comprised of smart contracts perpetually deployed on a blockchain network, which enables applications deployed to be immune to local outages while benefiting from the entire community's security. All interactions with markets are communicated as database transactions between unique accounts powered by immutable software instructions.