REP Loan (How to Get an Instant Loan on YouHodler)
YouHodler always adds features based on client demand. That's why we were thrilled to hear from so many Augur fans pushing for a REP loan option. Augur is an incredibly innovative use of blockchain technology and uses the network to create a decentralized, p2P, trustless and open source oracle and prediction market platform. The potential for this project generates a lot of attention. For those that don’t know about Augur, let’s cover the basic and then explain how to get an instant loan on YouHodler.
What is Augur (REP) and should you invest?
Augur was first announced by developers Jack Peterson and Joseph Krug back in 2014. Since then, Augur has taken on a loyal following with their prediction network that features low fees and a safe, decentralized way to record proofs of these predictions. REP is the token that powers the Augur network. As an ERC20 token, REP falls under the support of the Ethereum blockchain and it’s the main token use by Augur to vote on various prediction markets.
What are the main features of Augur; how to get an REP loan?
Before explaining how to get a REP loan on YouHodler, here are a few features to help you understand this token better. Augur uses Ethereum’s smart contracts to create a live, p2p, decentralized betting platform for its users. Any user can create new predictions based on what they want. Once this market is created, traders buy positive or negative shares in regards to the prediction's outcome using REP coins.
All Augur markets follow something called the “Wisdom of the Crowd” theory. This principle states that if incentivized, crowd-based predictions have a higher chance of being accurate. Since REP is an ERC20 token, it uses the proof-of-stake (Pos) approach. Hence, this results in a more efficient and faster blockchain with fewer resources than a proof-of-work (PoW) network of the same size.
How to get an REP loan; instant loan on YouHodler
If you want to utilize the value of your Augur crypto without selling it, then a REP loan on YouHodler gives you instant cash using REP as collateral. Use this cash for hedging, leveraging or more within the crypto market or use it for your everyday purchases in the real world. To get a REP loan today or buy Augur, signup on YouHodler.com and visit our help desk to read the full tutorial. Regardless of market conditions, true HODLers should never sell their crypto. YouHodler has a wide array of tools to help crypto enthusiasts benefit from their assets the most.
It's worth trying! Forget selling your
with instant crypto backed loans on YouHodler
If you would like to learn more about crypto credits, please continue to the app. Start boosting your crypto portfolio now with YouHodler's crypto lending, convert, buy and sell options.