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About Augur
Augur is a decentralized prediction market on Ethereum, where users create markets on future events and trade shares in the outcomes. REP is the reputation token used to report on what actually happened.
How Augur Works
Anyone can create a market on a future event, and traders buy and sell shares in each possible outcome, with prices acting as a crowd-sourced probability. After the event, REP holders stake their tokens to report the result; reporting honestly earns fees, while reporting against the eventual consensus costs the staker their tokens.
The History of Augur
Augur was one of the earliest projects built on Ethereum, crowdfunded in 2015 and launched in 2018 — a genuine milestone as one of the first complex decentralized applications to reach production. Later versions improved settlement and usability, but volumes stayed modest and development has slowed considerably.
What REP Is Used For
REP is staked to report and dispute the outcome of markets, which is the mechanism that makes the system work without a trusted oracle. Honest reporters earn a share of market fees; dishonest ones lose their stake.
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Why buy Augur with YouHodler? +
YouHodler combines advanced security and encryption with a simple way to buy and sell REP, fast crypto transactions, support for multiple fiat currencies, and a platform that works for newcomers and experienced traders alike.
Is Augur a good investment? +
Augur pioneered decentralized prediction markets and its reporting mechanism remains an elegant answer to resolving real-world outcomes without a trusted party. Trading volumes never reached a sustainable level, newer prediction platforms have taken the space, and development has largely stalled. REP is volatile and thinly traded — research its current activity before investing.
Can I buy Augur today and sell it tomorrow? +
Yes. YouHodler supports selling as well as buying, so you can acquire REP and later exchange it for fiat currencies such as USD or EUR. Transactions settle quickly, major fiat currencies are supported, and withdrawals go out by bank transfer.
Is it safe to buy Augur? +
Buying REP is generally safe on a reliable platform like YouHodler, which applies data encryption, identity verification and multi-layer account protection. The asset itself stays highly volatile, so prices can move sharply over short periods.
How do I convert Augur to cash? +
Connect a bank account, debit card or credit card to your YouHodler profile, exchange your REP for a fiat currency such as USD or EUR, then withdraw the balance straight to your bank.
How much is $100 worth of Augur right now? +
That depends on the live REP price, which moves constantly. Use the price chart on this page to see the current rate and work out exactly how much REP $100 buys at this moment.
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