Exchange Augur (REP)
If you're looking to swap Augur, SwapSpace is your one-stop-shop. We have some light reading for you - in case you'd want a refresher on what is Augur or some fresh information about REP’s price movements. And, of course, we provide you with the multiple Augur exchange options so that you can choose the offer with the best rates and lowest Augur fees, as well as other parameters that suit you.
Augur Price Stats
Augur Price Chart
Here you can see the current price of Augur, as well as Augur price history.
What is Augur?
Augur (REP), which stands for Reputation and in its current version is called REPv2, is an ERC-20 token native to the Augur protocol, which aims to provide a platform for anyone to create a market for betting on the outcomes of any real-world events. Its developer, Forecast Foundation, is of the oldest surviving crypto projects, founded in 2014 and boasting Vitalik Buterin as a consultant at one point.
Augur was launched as an answer to the traditional betting services — usually large centralized corporations which control the process and take a cut of the winnings. The way Augur works is pretty simple: a market creator uses his or her tokens as a bond to set up a betting market, either for an event with a set list of outcomes (categorical market) or a numerical outcome within a certain range (scalar market). Other users can then bet on an outcome by buying shares. When the event in question occurs, a designated reporter broadcasts the outcome to the network, which triggers a payout to the winners of the bet and return of the market creator’s bond. Since reporters must stake their REP, they’re incentivized to provide the correct information, otherwise, their stake is lost. The same goes for the market creators, who do not get their bond back in case of fraud. REP is also used in disputes.
A Simple Way To Exchange Augur Here At SwapSpace
Choose a pair
Choose the cryptocurrencies you would like to exchange among more than 900 coins and tokens. Pick them from drop-down menus. Type the number of coins you want to swap.
Select the best rate
Send the exact amount to the address provided and receive the crypto in your wallet within minutes. Don’t have a wallet yet? Our support will recommend a good one!
Receive your coins
You’ll get your coins in a few minutes! The exact time is a subject of various parameters such as blockchain network workload, transaction volume, our partners’ processing speed, etc. Concerned about your transaction? Check the swap tracker or feel free to contact the support: firstname.lastname@example.org.