Augur (REP)

$8.34408 (-2.06%)

CMC# Market Cap (USD) Volume (24hr) Circulating Supply NVTS Change (7d) Change (24h) Savings Per 1K
55 $91,784,800.00 $5,808,900.00 11,000,000 REP 53 -2.06% 1.52% $171.89

Exchange Pair Volume (24h) Price
Omgfin REP/BTC 387,527.00 0.0009912600
Coinbase Pro REP/USD 213,148.00 8.3500000000
Coinbase Pro REP/BTC 21,444.00 0.0009940000
Omgfin REP/ETH 236,020.00 0.0446716700
Kraken REP/EUR 23,257.00 7.4800000000
Kraken REP/ETH 804.38 0.0448700000
Kraken REP/USD 10,890.98 8.2400000000
Upbit REP/KRW 26,370.00 9,735.0000000000
Poloniex REP/BTC 2,204.20 0.0009876900
Poloniex REP/USDT 219.07 8.2080389700
Kraken REP/XBT 3,843.95 0.0009970000
Bittrex REP/ETH 3,774.45 0.0448756800
Omgfin REP/USDT 36,604.00 8.2521000000
Upbit REP/ETH 3,774.45 0.0448756800
Poloniex REP/ETH 635.02 0.0447038700
Omgfin REP/UQC 19,072.43 96.5895000000
Ovex REP/BTC 45.85 0.0009930000
Bibox REP/ETH 824,508.00 0.0438017400
Bithumb REP/KRW 130,197.00 9,740.0000000000
LATOKEN REP/BTC 530,213.00 0.0009900000
Binance REP/BTC 89,853.00 0.0009910000
HitBTC REP/BTC 62,663.00 0.0009887000
LATOKEN REP/ETH 248,488.00 0.0445600000
Bitsdaq REP/BTC 2,924.15 0.0009920200
Bittrex REP/BTC 2,923.80 0.0009920200
Exrates REP/BTC 120,086.00 0.0009930100
Upbit REP/BTC 2,922.93 0.0009920200
Binance REP/ETH 13,147.07 0.0445000000
CoinTiger REP/BTC 57,714.00 0.0009927700
Bitsdaq REP/ETH 3,761.74 0.0448756800
Binance REP/BNB 1,757.56 0.4552000000
CHAOEX REP/ETH 26,685.00 0.0446000000
BitAsset REP/BTC 28,971.00 0.0009900000
Coinfield REP/XRP 3,548.82 27.9103000000
HitBTC REP/ETH 13,367.59 0.0445020000
IQFinex REP/ETH 966.62 0.0440253700
IQFinex REP/BTC 2,921.01 0.0009758100
Livecoin REP/BTC 209.25 0.0009986400
Bibox REP/USDT 872,983.00 8.3615000000
BTCEXA REP/ETH 439,686.00 0.0445200000
BTCEXA REP/BTC 411,437.00 0.0009900000
Ethfinex REP/BTC 121.11 0.0009993600
Ethfinex REP/USD 44.57 8.3366000000
ChainEX REP/BTC 11,054.25 0.0009929300
CoinBene REP/BTC 108,446.00 0.0009900000
ABCC REP/BTC 183,855.00 0.0010050000
ABCC REP/ETH 67,040.00 0.0445440000
Upbit Indonesia REP/ETH 29,515.00 0.0448756800
Uniswap REP/ETH 4,471.73 0.0445216924
Trade.io REP/BTC 1,265.82 0.0009925700
Trade.io REP/ETH 914.42 0.0448392000
BiHODL REP/USDT 224,743.00 8.0500000000
Vindax REP/BTC 826,076.00 0.0010360000
Bibox REP/BTC 787,930.00 0.0009808500
Vindax REP/ETH 745,632.00 0.0422300000
FatBTC REP/ETH 4,724.96 0.0486650000
Oasis Trade REP/DAI 4,148.34 0.0000000000
Coinplace REP/BTC 60,666.00 0.0020247900
Mercatox REP/BTC 11,784.12 0.0009545600
CredoEx REP/CREDO 0.02 3,033.3097742103
Ethfinex REP/ETH 60.74 0.0446910000
FCoin REP/ETH 0.00 0.0475490000
Gate.io REP/ETH 168.79 0.0447460000
Upbit Indonesia REP/BTC 81,561.00 0.0009920200
Kyber Network REP/ETH 5,560.59 0.0442421591
AirSwap REP/ETH 8.41 0.0448976200
Coinone REP/KRW 0.42 13,390.0000000000
GoPax REP/KRW 32.55 9,210.0000000000
CREX24 REP/BTC 0.00 0.0009690000
Switcheo REP/ETH 0.00 0.0452000000
Independent Reserve REP/AUD 0.00 10.0000000000
Independent Reserve REP/NZD 0.00 10.7100000000
Independent Reserve REP/USD 0.00 6.7600000000
Idex REP/ETH 0.00 0.0451000004
CoinExchange.io REP/BTC 0.00 0.0008500000
FCoin REP/USDT 0.00 10.6940511000
Coinplace REP/ETH 0.00 0.0000000000

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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