What is Augur REP ?
Augur Cryptocurrency: What Is It?
Augur project is a decentralized platform that was created for predictions. It relies on its own Auger blockchain. It would be more accurate to call it Augur Ethereum because its creators decided to build it on the basis of ETH to attract a larger audience.
Users try to predict outcomes of diverse events with their Augur stock. There are no limitations regarding the type of events: these can be political elections, sports matches or weather. Any holder of the Auger coin can express their opinion by putting a certain ratio of tokens at stake. For instance, if you think that the probability of a certain outcome is 71%, you bet with such a sum of Augur crypto that equals 71 cents.
Scientists have proved it long ago that collective wisdom is much more efficient than the predictive abilities of any isolated individual. The creators of the Ethereum Augur project just came up with an innovative instrument that enabled its users to monetize their knowledge.
Augur v2 (REP)
What Is Augur v2 (REP)?
In 2020, the team of Auger REP announced the launch of its second version. Its new “Use It or Lose It” concept implied that all the holders would need to take part in a network-wide market fork. The fork was not announced — but all the members of the project should realize that it might happen one day. They will have 60 days to react — and if they fail to do so, their savings will be forever excluded from the Augur ecosystem.
The holders of the previous REP Augur version had to manually migrate their savings to the updated variant. The developers provided them with a detailed tutorial and added the relevant information to the Augur REP whitepaper. They accentuated the fact that forking will be crucial for the security of the Augar coin. Forks will be rare but they will take place for sure.
The implementation of the second version was the first major upgrade of the project. It proved that the Augur currency and blockchain have “come of age” and are sustainable.
REP coin price
At the moment of writing this text, the Augur REP price equaled $30,61. The all-time minimum REP price was $0,783 in September 2018. The Augur price reached its maximum at the very beginning of 2018 when it equaled $99,80. Those who managed to buy Augur REP at an opportune moment and then resell it at a profit could get a 1990% ROI.
The total supply of the Augur coin equals its total supply and is 11,000,000 REP tokens. There is information available about the maximum supply of the REP crypto. The Augur Market Cap rank is 126, which is quite an achievement.
According to the Augur Coinmarketcap statistics, the token was traded in over 80 market pairs on centralized and decentralized platforms, predominantly in Augur Bitcoin pairs. However, you might want to buy Augur REP at the P2B centralized exchange.
How to Buy Augur (REP) Crypto Token
At P2B, you can acquire some coins with fiat money, using your bank card. But to get REP, you will need to use other crypto tokens, such as USDT. The procedure of purchase will be fast, secure and confidential. Here are just a few competitive edges of P2B.
- This is a legit trading project with a vast loyal audience and an impeccable reputation.
- The Augur cryptocurrency price is always kept at a competitive level. The same can be said about all the other tokens.
- No matter which coin you are planning to purchase, there will always be enough supply.
- The multilingual support team is available 24/7. It will process your queries quickly and professionally.
- The fees for carrying out financial transactions are among the lowest in the industry.
- 96% of all funds are stored on cold wallets so that third parties can never get hold of them.
The design of the site is sleek and its interface is remarkably user-friendly. Even complete newbies find it convenient.
How to Make the Most of the P2B Platform
After you sign up for the system and log in to your account, you will be able to generate a unique invitation link in your user profile. Feel free to send this link to your friends, colleagues and family members in private messages. Also, you can post it on thematic forums and other resources that welcome such content.
After someone registers on the platform with your link, you will get a reward for each transaction they make. You will not need to trade REP tokens or any other coins yourself — just receive your passive income and enjoy!
Investing in REP ?
The adherents of this project usually highlight its following merits.
- It has already received massive support both from the crypto industry experts and the large audience.
- The participatory fees are affordable.
- The concept of the project is beneficial for the whole society.
- The platform is flexible and versatile. Users can either bet on the already existing predictions or create their own ones, in any sphere and on any subject.
- The decentralized betting market is a unique and highly innovative notion.
- The funds are stored in smart contracts. This reduces the risks of token owners to a minimum and guarantees the maximum speed of automated transactions.
- The project does not depend on other, more mainstream, betting platforms. This enables its members to better control the Augur coin price.
The Coinbase Augur information looks rather convincing and the Augur coin news is generally inspiring. This is why you might want to purchase this coin.
Criticism of the REP cryptocurrency
If you look at the REP chart, it should produce a favorable impression on you. Yet critics single out the following weak points of the Augur token and project.
- Since REP currency is built on the basis of ETH, it inherited all its shortcomings (congestion and network limitations).
- The development of the project has not been too rapid so far.
- Even though the site of the project has been evolving, many clients have complained that it was slow. It was difficult for newbies to find and digest the necessary information.
- The concept is not unique and there are competitors. The most obvious one is Gnosis. It is also built on the basis of Ethereum and is used for predictions. Besides, its price dynamic looks better right now than the Augur chart: its price is $148,52.
There is a grain of truth in these arguments — but they seem rather insignificant if compared to the merits of the project. This is why the tone of Coinbase Augur or Bitcointalk Augur talk is positive.
Hopefully, this review came in handy and now you get a better vision of what are the benefits of Auger crypto, how to buy Augur coin and what impacts Augur price predictions. The primary competitive advantage of the Augur blockchain is the concept of a decentralized betting platform. Even though it is not a unique project of this sort on the market, it definitely has good perspectives. If you purchase this coin now, you might make a handsome profit on it in the future. Check the Augur Coinbase data, select the moment when the REP Augur price will seem the most affordable for you and get the coin! It would be wise to acquire it at P2B because it is a renowned and reliable centralized exchange