Augur (REP)

$13.5446 (-15.12%)

CMC# Market Cap (USD) Volume (24hr) Circulating Supply NVTS Change (7d) Change (24h) Savings Per 1K
39 $148,990,000.00 $23,305,300.00 11,000,000 REP 89 -15.12% -4.28% $2,047.94

Exchange Pair Volume (24h) Price
Coinbase Pro REP/USD 307,276.00 13.4400000000
Binance REP/BTC 369,939.00 0.0015760000
Kraken REP/EUR 66,163.00 12.0520000000
Coinbase Pro REP/BTC 58,078.00 0.0015720000
Bithumb REP/KRW 245,329.00 15,500.0000000000
Bittrex REP/BTC 14,824.55 0.0015809200
Kraken REP/USD 41,999.00 13.3720000000
Bitsdaq REP/BTC 15,183.04 0.0015809200
Poloniex REP/BTC 19,857.02 0.0015859200
Kraken REP/XBT 14,305.77 0.0015750000
Binance REP/ETH 18,485.43 0.0823200000
Poloniex REP/USDT 4,719.59 13.4999750100
Bittrex REP/ETH 136.76 0.0822760900
Poloniex REP/ETH 11,698.44 0.0825900500
Bitsdaq REP/ETH 136.61 0.0822760900
Ovex REP/BTC 115.31 0.0015630000
CREX24 REP/BTC 0.90 0.0016160000
BitMart REP/BTC 5,054,220.00 0.0015760000
Omgfin REP/BTC 593,058.00 0.0015761900
Omgfin REP/ETH 349,687.00 0.0823279500
HitBTC REP/BTC 432,322.00 0.0015730000
Exrates REP/BTC 420,719.00 0.0015750000
Bilaxy REP/BTC 535,230.00 0.0015690000
VCC Exchange REP/BTC 11,000.28 0.0015681000
Omgfin REP/USDT 63,682.00 13.4711000000
HitBTC REP/ETH 23,498.00 0.0821150000
CoinTiger REP/BTC 14,078.47 0.0015785900
Kraken REP/ETH 2,077.82 0.0825900000
Hanbitco REP/BTC 85,067.00 0.0015710000
Omgfin REP/UQC 25,562.00 44.5795000000
VCC Exchange REP/ETH 116.24 0.0822760900
Gate.io REP/ETH 527.30 0.0811190000
Coinfield REP/XRP 5,898.34 58.4429000000
BitMart REP/ETH 5,471,631.00 0.0823200000
Vindax REP/ETH 1,398,068.00 0.0874100000
LATOKEN REP/ETH 930,395.00 0.0820800000
Bibox REP/BTC 567,922.00 0.0015878700
Bibox REP/ETH 300,745.00 0.0829999600
CHAOEX REP/ETH 96,912.00 0.0819480000
BTCEXA REP/BTC 4,371.71 0.0015760000
ChainEX REP/BTC 4,794.32 0.0015869500
LATOKEN REP/BTC 2,458,103.00 0.0015720000
Vindax REP/BTC 1,316,307.00 0.0015480000
CoinBene REP/BTC 298,028.00 0.0015740000
Livecoin REP/BTC 235.76 0.0016213400
Uniswap REP/ETH 59,149.00 0.0828808878
Kyber Network REP/ETH 6,836.69 0.0825791718
Upbit REP/KRW 435,611.00 14,300.0000000000
Bibox REP/USDT 397,234.00 13.9729000000
Mercatox REP/BTC 11,686.88 0.0017131600
Bitfinex REP/BTC 355.14 0.0016240000
Bitfinex REP/USD 365.06 13.8490000000
Bitexlive REP/BTC 4,633.11 0.0016460000
Switcheo REP/ETH 57.13 0.0844000000
Bitexlive REP/ETH 548.08 0.0848100000
Bitfinex REP/ETH 19.06 0.0830270000
BiHODL REP/USDT 57,540.00 12.0300000000
Lykke 0CE572B6-8AB9-49C5-AB89-98213D7D70EE/ETH 0.44 0.0886590000
OasisDEX REP/ETH 14,454.10 0.0000000000
OasisDEX REP/DAI 44.65 0.0000000000
IQFinex REP/BTC 13.99 0.0015508100
IQFinex REP/ETH 124.22 0.0843975800
Independent Reserve REP/AUD 657.50 26.0000000000
Independent Reserve REP/USD 658.87 17.9000000000
Independent Reserve REP/NZD 655.13 27.0000000000
Upbit REP/BTC 36.87 0.0014482800
Idex REP/ETH 29.53 0.1110672779
Livecoin REP/ETH 162.08 0.1100000000
GoPax REP/KRW 1.22 21,010.0000000000
Exrates REP/USD 0.57 14.2300000000
Bitsonic REP/KRW 5.27 58,840.0000000000
Upbit Indonesia REP/BTC 1,999.45 0.0014482800
AirSwap REP/ETH 50.85 0.0998852300
Bancor Network REP/USDB 9.70 11.0731494349
Lykke 0CE572B6-8AB9-49C5-AB89-98213D7D70EE/BTC 0.50 0.0019350000

Links


Background

Augur is creating a decentralized open-source prediction market platform and oracle service. The project was founded in 2014 and released an alpha version of the platform in June 2015. Due to issues with the Serpent language, which pre-dated Solidity, the team had to re-write their code in Solidity leading to a delay in development. Augur now expects to launch their full main network in July 2018. Prediction markets on the platform will enable users to create a market for forecasting a specific future event, like who will win the next election or which team will win the world cup. Participants in the market will be able to buy “shares” of the specific outcome they see as most likely. At the end of a pre-determined period the outcome is checked and those that own shares in the correct result receive a monetary reward. Prediction markets can be useful tools in tracking the true sentiment for results, as typically only the most informed individuals will risk money when making a prediction. The team believes that by creating a fully decentralized prediction market they can overcome issues seen in centralized markets such as needing to trust that a result is correctly reported and that a payout is received. In addition, by creating a framework for the creation of these markets users can forecast the outcome of almost any event. Once a market is created trading begins immediately. The outcome of the event is determined by Augur’s oracles which are incentivized to report on event outcomes. Upon determination of the outcome, traders can close their positions and collect their payouts.

Technology

The workflow for prediction markets in Augur can be broken down into four segments; creation, trading, reporting, and settlement. Markets will be created by a user that is responsible for setting parameters around the event, such as the end-date for the market and designated oracle or reporting entity. Once the end date is reached the designated oracle is responsible for providing the outcome of the event, such as who did, in fact, win an election. This designated oracle does not unilaterally decide the outcome of the market, and it can be disputed and corrected by the community. The creator must also choose a resolution source such as “bbc.com” and set a creator fee which is to be paid to the market creator upon trade settlement. Additionally, creators must post a validity bond to incentivize the creation of well-defined events, and a no-show bond to incentivize the creator to pick a reliable reporter. Market participants forecast the outcomes of events by trading shares of those possible outcomes. Shares can be traded freely upon creation. Using the Augur matching engine anyone can create or fill an existing order. All Augur assets – including shares in market outcomes, fee window tokens, shares in dispute bonds, and even ownership of the markets themselves – are transferable at all times. Once an event occurs, the outcome is determined by Augur’s oracles, which are profit driven reporters that are incentivized to report the true real-world outcome. Anyone who owns reputation (REP) tokens can participate in reporting and disputing outcomes. Reporters whose outcomes are consistent with consensus are rewarded while those whose outcomes are inconsistent are penalized. The reporting system runs on a seven-day fee window. All fees collected during a respective window are pooled and distributed to the reporters who contributed during that window. Reporters receive rewards in proportion to the amount of REP staked during the fee window. To incentivize consistent participation during each fee window, REP holders can also purchase participation tokens, which are redeemable for a certain portion of the fee pool. Augur levies a creator fee and reporter fee when market participants settle trades with the market contract. These fees are proportional to the amount paid out to respective users. The creator fee is set during market creation, and the reporting fee is set dynamically.



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