What is AUGUR(REP)?

Basic information about REP

Coin name:

Augur

Coin symbol:

Coin introduction:

Augur is a trustless, decentralized platform for prediction markets. Augur is an Ethereum-based decentralized prediction market that leverages the wisdom of the crowds to create a search engine for the future that runs on its own token, REP. Augur allows users to create their markets for specific questions they may have and to profit from the trading buys while allowing users to buy positive or negative shares regarding the outcome of a future event. Prediction markets are markets created to trade the probability of an event happening. The market prices indicate what the crowd thinks the probability of an event happening. Predictive markets have shown to have been effective in accurately forecasting many results however it is still not widely used due to the many regulatory hurdles involved in setting up such a market. Augur aims to set up such a market in a decentralized manner. Augur is an Ethereum-based decentralized prediction market that leverages the wisdom of the crowds to create a search engine for the future that runs on its own token, REP. Augur allows users to create their markets for specific questions they may have and to profit from the trading buys while allowing users to buy positive or negative shares regarding the outcome of a future event. Augur REP is the gambling cryptocurrency. It’s the crypto token you can use to bet on sporting events, political outcomes, economies and just about everything else in the prediction markets. Online gambling is a $52 billion a year industry. At its founding the project included Intrade founder Ron Bernstein, Robin Hanson, and Ethereum founder Vitalik Buterin among its advisers. In April 2015, Augur's first contract was uploaded to the Ethereum network.The first beta version was released in March 2016. In October 2016, all the reputation tokens that were for sale during the 2015 crowdfunding campaign were distributed to their owners on the live Ethereum network and the two largest cryptocurrency exchanges, Poloniex and Kraken, added support for these tokens on their trading platforms. The project was delayed until it was launched in July 2018.

Current Price:

$0.96More coin details

All-time high:

$341.85

All-time low:

$0.00

REP Supply Info and Tokenomics

Circulating supply:

8,171,266

Total supply:

8,171,266

Max supply:

Market cap:

$7.88M

Fully diluted valuation:

$7.88M

What is the outlook and future value of REP?

The current market cap of REP is $7.88M, ranked 1754 in the market, showing that the market already recognizes the value of REP. When a bull market arrives, the market cap of REP may continue to grow.

Moreover, if REP can play a greater role in real-world applications—such as if the Monero developers can fully empower REP and establish partnerships with more business partners to expand its user base—then the long-term value of REP will be further enhanced.

What is the price of REP in 2027?

According to the historical price performance prediction model of REP, the price of REP is expected to reach $1.01 at 2027.

Note: As with any crypto investment, investors should closely monitor REP’s performance and stay aware of the risks. The crypto world is highly volatile, and adequate research and preparation are necessary.

How else can I get REP?

Purchasing REP with cash is not the only way to obtain REP. If you have enough time, you can get REP for free.

Learn how to get Hot rewards for free with REP.

Earn free REP by inviting friends to join LBank My Activity|LBank Reward Center

Join LBank Launchpad to get REP airdrops for free.

All crypto airdrops and rewards can be exchanged for REP through LBank spot trading.

Buy REP starting from $1

What is REP used for and how to use it?

The use cases for REP may grow with the development of the crypto market and project progress. Currently, you can use REP to:

Arbitrage trading of REP

REP is frequently traded, with constant price fluctuations. You can profit from buying low and selling high. LBank Spot market offers many REP trading pairs to suit your needs.

Earn yield with REP

You can also lend out REP or use other Earn products to gain returns. LBank Earn platform provides a wide variety of investment products to help you maximize your REP gains.

Send or pay with REP

If you want to pay someone with REP, you can easily and quickly send REP to them using their receiving address.

You can also visit the official website of Augur to learn more use cases of REP, such as whether the Augur project supports community/eco apps or buying physical or virtual goods with REP.