Augur is a product developed by the Forecast Foundation in 2014 by computer scientist Joey Krug and developer Jack Peterson. As the Forecast Foundation is focused on prediction markets, Augur follows the same use case but using blockchain technology, specifically on the Ethereum blockchain. Augur is a prediction market that enables traders to use a low volatility asset in Dai to bet on the outcome of various markets.
Ethereum smart contracts help to execute all bet outcomes, guaranteeing the correct outcomes are accurately reported and winners are paid what they are owed. Augur's native currency REP is an ERC-20 token and gets its value from ensuring the proper execution of smart contracts on the Augur network.
REP is built into the network, meaning it’s the only digital currency that can be used for betting on and reporting event outcomes. Augur has a variety of competitors doing a similar taste but is still one of the top prediction markets using distributed ledger technology.
YouHodler aggregates prices from top centralized exchanges to provide an accurate Augur price and charts.
The easiest way to buy Augur is to purchase it through a crypto app like YouHodler. Our universal cryptocurrency exchange service lets you convert any crypto, fiat, or stablecoin with competitive fees.
The best way to earn interest on Augur is by depositing it in a YouHodler savings account. Interest payments occur weekly and YouHodler features compounding interest.
You can get a loan with Augur in stablecoins by depositing your Augur as collateral. YouHodler offers the best rates you can get anywhere. Don’t sell your crypto. Use it as collateral and keep its value for later.
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