Augur REP Price 5.19

The trading volume in 24 hours was 64,586USD. The asset has grown over the course of the day. The Augur coin has a market cap of over 7 million dollars and has 0 coins in circulation. With Augur, users can create and exchange "shares" that represent part of the value of the results, without trusting the company to create these markets or monitor them. They lose the capital if they don't. The idea is that market participants make a profit by helping third-party observers collect global data. Users can get a REP by buying it on exchanges, reporting the results of a bet, or being on the right side in a dispute over the outcome. The main purpose of Augur is to allow users to participate in the event results reporting process. The platform uses Ethereum smart contracts to execute all final betting results, ensuring that the correct results are registered and paid out. The creators set the source of the resolution and the creator's commission, which they will collect after the market is settled.