► Full Overview:
⛓️ 🔗 Useful Hyperlinks 🔗 ⛓️
► Web site:
► V2 Updates:
► Making a Market:
📱️ Socials 📱
► Official Weblog:
📝 Challenge Overview 📝
Augur is a decentralized venture used for predictions. It’s a decentralized platform that makes use of an ERC20 token to make forecasts on occasions on the planet as they happen. After all, making predictions will not be a brand new factor.
⚙️ Expertise ⚙️
Augur permits for the creation of prediction markets that pay customers once they make an correct prediction about occasions in the true world. Moreover, those that create the markets are rewarded as properly.
As soon as an occasion has occurred, oracles discover the end result. An oracle is referred to by Augur as anybody who stakes REP. There are a selection of oracles on the Augur platform, which serve to supply a consensus to the end result of the occasion.
The earnings you earn are decided by the probability that the occasion will occur primarily based on the gang’s prediction. Each share has a price of 1 ETH.
Over time, share costs on the platform will change. As individuals buy shares, the value is more likely to rise, whereas the inverse is true if individuals determine to promote.
💰️ Token 💰
REP is the Ethereum-based ERC-20 token which represents repute for anybody collaborating on the platform. There’s a restricted provide of REP, with a cap whole of 11 million tokens. These tokens have been created for the Augur ICO.
8.8 million REP have been offered to buyers, whereas the remaining 2.2 million have been cut up up between the Augur Forecast Basis and it builders. Throughout its ICO, the Augur staff raised almost $5.3 million.
Bets are made in Ethereum, which suggests REP tokens are usually not meant for use as a supply of worth.
REP tokens exist in two states: lively or dormant. The repute for all customers begins as dormant. While you select to activate your REP, you might be required to report truths on the platform.
👨💻️ Workforce, Companions & Improvement 👨💻
The 2 key members behind the Augur platform are Joey Krug and Jack Peterson.
Peterson is a Ph.D. with expertise in entrepreneurship, software program improvement, and blockchain programming, whereas Krug is a developer who brings with him a robust background from the blockchain business.
Augur is concentrating on a model two launch in January of 2020, which can deliver a complete suite of enhancements to the platform.
Model two will level to the multi-collateral DAI coin. Augur intends to hurry up its dispute course of with model two enhancements as properly.
Model two of the platform will even have a brand new U.I. It will embrace “again” & “Lay” performance
📈 Buying and selling & Wallets 📈
There are a selection of exchanges the place you possibly can commerce REP together with Binance, Coinbase Professional, Bibox and so forth.
Quantity is unfold out fairly evenly throughout these exchanges, with choices to commerce REP with ETH, BTC, and Tether.
Order e-book liquidity for REP can also be fairly sturdy. Should you take a look at Coinbase Professional, you’ll be aware that the order e-book for REP / USD is fairly deep and there’s a respectable quantity of turnover – really easy execution to your orders.
For the storage of REP, you should use a Ledger, Trezor, Metamask or Edge.
📜 Disclaimer 📜
The knowledge contained herein is for informational functions solely. Nothing herein shall be construed to be monetary authorized or tax recommendation. The content material of this video is solely the opinions of the speaker who will not be a licensed monetary advisor or registered funding advisor. Buying and selling Foreign exchange, cryptocurrencies and CFDs poses appreciable threat of loss. The speaker doesn’t assure any explicit final result.
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Source: Coin Bureau