REP – Augur

Live Price

augur
augur

Augur (REP)

Price
$ 8.09

Key Info

Average BlocktimeN/A
Median Transaction FeeN/A
Block SizeN/A
Coin Circulation Limit11 million
Beta Coefficient0.9756
CategoryPlatform

Historical Returns

Coin Ratings

Augur
SymbolCrypto ScoreVolumeVolatilityLiquidityIndustryApplicationMarketcapSupplyVolume (24h)Last 24h
REP5.474.675.205.005.816.68$ 88.95 M11.00 M$ 1.76 M

Coin Summary

Augur is a decentralized platform built for predicting future events. This forecasting mechanism utilizes the principle of ‘Wisdom of the Crowd’, that bulk information surveyed from the public is more accurate than a single expertise. The immutable data collected is valuable because it eliminates the possibility of mistakes or tampering in collecting and producing results. Essentially, users will trade shares at values which reflect the estimation of the event’s likelihood. Augur operates on a fixed amount of 11 million Reputation Tokens which are earned by users who provide accurate information for an event’s occurrence. Individual’s can write questions for the public’s prediction input by providing the capital to incentivize opinions. The individual is rewarded with trading fees from the input users.

What is Augur?

Key Links

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