Augur (Rep) or Reputation is an Augur Cryptocurrency based on the Augur protocol for setting up global forecast betting platforms. The Augur software is a decentralized and trustless oracle – prediction mechanism and market platform built using the Ethereum blockchain. It uses the “wisdom of the crowd” to predict the outcomes of any future event.
Augur is a global, no-limits betting platform that allows betting in BTC and Ethers. Its users can bet on anything. Forecast Foundation – a company founded by Jack Peterson, Joey Krug, and Jeremy Gardner in 2014 and advised by Ethereum co-founder Vitalik Buterin – developed Augur. The Augur (REP) is the tradable cryptocurrency built using the same algorithm.
Reputation (Rep) is required to report about the outcomes of events in Augur markets. If you missed out on the Initial Coin Offering (ICO) of the Augur (Rep), you could buy Reputation on reliable third-party crypto exchanges like CoinSwitch .
The Augur platform ensures greater security, efficiency, and higher privacy, and you can use the Augur coin in the following ways:
: Earn reporting fee by reporting truthfully on Augur markets.
Transfer funds internationally using Augur (rep) without mediators or charges.
Make payments at international stores and online retailers.
As betting markets grow, the Augur coin price would increase.
The Augur ICO ran from August 17 to September 5 in 2015, and 80% of the Augur (Rep) coins were sold in it. Purchase Augur coins on coin exchanges or earn them as a fee for reporting to betting markets.
CoinSwitch, India’s largest crypto exchange, is a safe and reputed investment platform. In keeping with its mission to “Make Money Equal for All,” the company prioritizes quality in its product and the safety of all stakeholders.
Cryptocurrencies have emerged as an attractive investment option in recent years, capturing the imagination of investors despite their high volatility.
A simple explainer can be a pretty rare thing in a realm as complicated as the cryptosphere. That’s what we are here to change—one article at a time.
Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.
Augur is a global, no-limits betting platform that allows betting in BTC and Ethers.
1 Cr. REP
48% Buy 52% Sell
We're here to help! Speak to our 24/7 customer support team anytime!Connect Now