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What is Augur all about
Another area that has become popular for blockchain technology to permeate to is prediction markets. Augur is one such platform trying to become a leader in this space, aiming to incentivize a global network of computers to maintain a prediction market platform on top of Ethereum.
A prediction market sees users placing wager on the outcome of events in a style similar to betting. With Augur, users can create and exchange "shares" representing a portion of the value of outcomes, without trusting a company to make or oversee these markets.
The native token of Augur is REP and it is used as the trading gate for the prediction markets. REP can also be used to create a prediction market, dispute an outcome of a known result or purchase participation tokens.
Augur is built upon the Ethereum blockchain, making use of its smart contracting system for the outcome of the predictions. Additionally, traders wishing to use a less volatile asset can also bet in markets using DAI, a stablecoin running on top of Ethereum.
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REP Questions & Answers
What is the price of Augur right now?
Today, the price of Augur is 6.83 EUR.
What was the highest price of Augur to date?
The price of Augur reached its highest point on 2016-02-10, at 303.03 Euro.
What will the price of Augur be next month?
In accordance with our price prediction, we estimate Augur's price will be anywhere between €0 and €7.90 30 days from now.
What will Augur be worth 90 days from now?
On the basis of our prediction algorithm we estimate that the value of Augur will be between €0 and €9.16 in three months time.
What will Augur be worth half year from now?
Long term projections are very difficult, however using our price prediction algorithm we estimate the value of Augur will be anywhere between €0 and €9.16 six months from now.
How popular is Augur among social media users?
12147 Reddit users were engaging in an online discussion on Reddit about Augur in the last 2 days. The official Augur Twitter account is currently followed by 159960 people.
10 days Augur price forecast
Long term Augur price prediction