Buy Augur (REP)
What is Augur?
Augur is a decentralised prediction market platform built on the Ethereum blockchain. It allows users to create markets for any verifiable future event and speculate on the outcomes using Ethereum.
How does Augur work?
Augur operates by allowing users to create markets for any verifiable event. Participants buy and sell shares representing different outcomes using Ethereum. After the event occurs, designated oracles, known as reporters, stake REP tokens to report the outcome. Winning predictions are automatically paid out through smart contracts.
What are the potential use cases for Augur?
Augur can be used for a variety of applications, including:
- Prediction Markets: Creating markets to speculate on future events.
- Hedging: Individuals and businesses can hedge against risks like climate-related events.
- Medical Diagnosis: Assisting medical practitioners in accurate diagnoses by predicting medical outcomes.
- Financial Trading: Enabling traders to participate in markets they may not have direct access to.
What is the history of Augur?
Augur was founded in 2014 by Jack Peterson and Joey Krug. Inspired by the closure of the InTrade prediction market in the USA, they aimed to create a decentralised prediction market. Significant milestones include launching its first smart contract in 2015, conducting one of the first ICOs on Ethereum, and releasing its v1 and v2 versions in 2018 and 2020, respectively. Over the years, Augur has grown significantly and remains one of the leading decentralised prediction market platforms.
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Frequently Asked Questions (FAQs)
What is the current price of Augur (REP)?
The Augur price is $0.87001162 AUD, representing a -10.89% from the day prior.
Where is the best place to buy Augur (REP) in Australia?
The best place to buy Augur (REP) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Augur (REP) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Augur (REP)?
The trading volume of Augur (REP) is $82.2K AUD in the last 24hrs, representing a -10.89% from the day prior.
How can I buy Augur (REP)?
Augur (REP) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Augur (REP)?
The current market cap of Augur (REP) is $6.9M AUD.
Can I convert Augur (REP) to cash?
Yes - With Coinstash you can convert your Augur (REP) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Augur (REP) are there?
The current circulating supply of Augur (REP) is 8.0M.
Is Coinstash a safe place to buy Augur (REP) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Augur (REP) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.