Decentralized prediction markets for various event forecasts.
Augur is a decentralized prediction market platform on Ethereum for political, weather, and company forecasting, enabling risk hedging and collective predictions without central authorities.
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What is Augur (REP)?
Augur is a decentralized prediction market platform built on blockchain technology. It enables users to buy and sell shares based on the outcome of various events, where the market price reflects the estimated probability of an event happening. By leveraging Ethereum, a decentralized blockchain network similar to Bitcoin, Augur can eliminate counterparty risk and avoid reliance on centralized servers, creating a global marketplace using cryptocurrencies like Bitcoin. Use cases include political forecasting for elections and policy decisions, event hedging against disasters and geopolitical risks, weather prediction for forecasts like hurricanes and temperature, and corporate forecasting to assist in business decision-making by predicting sales, project timelines, and other key factors.
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Augur price live information
As of now, Augur is trading at 1.4326 USD, with a 24-hour trading volume of approximately 33.36K USD. The REP to USD price is updated in real time. Over the past 24 hours, Augur has increased by 1.54%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 15.76M USD. Currently, there are 11 000 000 REP in circulation out of a maximum supply of 11 000 000 REP.
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