Augur Price $14.05 | REP Price Charts Market Cap Index

Augur Price $14.05 | REP Price Charts Market Cap Index

Get Augur (REP) live price chartd, high low price graph, price history, live market exchanges & detailed cryptocurrency info. REP to USD (REP/USD). Augur price today ✓ $ $14.05 USD (1.15 %) Augur Stay up to date with the current price of Augur for 1 hours, 24 hours, 7 days, 1 month, 1 year, and more.
Augur (REP) Crypto Coin Rank 35
Website White Paper r/Augur (REP)
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Augur (REP)
Augur
REP Coin Values REP

Augur (REP) valuesUSD Price
$14.05

Augur (REP) BTC Price
0.00358784

Augur (REP) 24h Vol
$4,784,877.00

Augur (REP) Market Cap
$154,583,473.00

Augur (REP) Circulating
11,000,000

24h Vol
1,222 BTC
1 Hr
-0.43 %
24 Hr
1.15 %
7 Day
2.83 %
Today Augur (REP) price in US dollars is currently $14.05 USD, and if converted to Bitcoin is 0.00358784 BTC. A total of 39,466 coin's are currently circulating in the Market. Augur (REP) prices are currently experiencing a change of -0.43 %, check all cryptocurrency. Over the past 24 hours 0.048 M US dollars Augur (REP) has been traded on Crypto Exchanges. Get Augur (REP)'s progress by adding it to your favourites and creating a free portfolio if you wish.
Full Name
Augur (REP)
Start Date
N/A
Algorithm
N/A
Proof Type
N/A
Facebook
Augur (REP) Block NumberBlock Number
N/A
Augur (REP) Block TimeBlock Time
N/A
Augur (REP) Block RewardBlock Reward
N/A
Total Coins Mined
11,000,000 REP
Max Supply
0
Augur (REP) Net Hashes Net Hashes
N/A
REP Charts

Augur (REP) Price Charts

Description

Augur (REP) Coin Description

Prediction markets are widely considered the best forecasting tool. Augur is an open, global platform where anyone anywhere can create, monitor or trade in prediction markets about any topic. Think of it as an "Early Warning System'' with the most accurate event forecasts, a potential "Google Search", "Bloomberg Terminal" or "Reuters Terminal" for crowdsourced event forecasts.

The system plans to use the "Wisdom of Crowds'' ("collective intelligence'') via market incentives, "Long Tail'' dynamics and blockchain technology to securely generate a more accurate, robust and unfiltered array of dynamic event forecasts than any alternative can match.

Augur is decentralized, self-regulating, pseudonymous and autonomous. It offers the promise of markets without exposure to counterparty risk, principal-agent problems or central points of control, failure or censorship. No person is ever in direct control of someone else’s funds or in a position to single-handedly threaten the system’s integrity.

The software is comprised of smart contracts perpetually deployed on a blockchain network, which enables applications deployed to be immune to local outages while benefiting from the entire community's security. All interactions with markets are communicated as database transactions between unique accounts powered by immutable software instructions.

 

Technology

Augur (REP) Coin Technology

Sorry, detailed technology about Augur (REP) is not currently available

Features

Augur (REP) Coin Features

Sorry, detailed features about Augur (REP) is not currently available

ICO Status

Augur (REP) ICO Details

ICO Status
Finished
Token Supply
11000000
Start Date
2015-08-17
End Date
2015-10-01
Fund Raised (BTC)
18,630.8749 BTC; 1,149,880 ETH
Fund Raised (USD)
5100000
Start Price (USD)
0.58
Security Audit Company
N/A
ICO Legal Form
N/A
ICO Jurisdiction
N/A
Legal Advisers
N/A
White Paper

Augur is building a decentralised prediction market with its token REP. REP (Reputation) can be thought of as a sort of “score” attached to an individual’s public and private address and is both divisible and exchangeable like bitcoin. However, that is where the similarities to cryptocurrency end. REP has a fixed supply of 11 million and can not be mined.

Those who hold REP are expected, in regular installments, to report on the outcome of a random selection of closed events/predictions in the system. Reporters have a time limit in which to do this. Augur expects each reporting session to initially be quite quick, but may take as much as an hour as Augur grows in popularity.

Augur's ICO lasted 45 days. The ICO token supply represents 80% of the total token supply, so there was a total of 8,800,000 tokens available at the offering. The crowdsale raised a total of $5.1 Million from 2,744 accounts with an average purchase of 7.639293 BTC (or US$1854 at the time) and 3782.545482 ETH (or US$2420 at the time). The ETH distribution was considerably more concentrated than the BTC distribution with the largest account contributing 252000 ETH (21.9% of the ETH raised). Augur sold 13,500BTC at an average price of $227 in an effort to hedge the risk of BTC price movements.

Sale terms

Team:

  • Jack Peterson: Lead Developer, Co-Founder. (LinkedIn, Twitter);
  • Joey Krug: Senior Back-End Developer, Co-Founder. (LinkedIn, Twitter);
  • Stephen Sprinkle: Senior Front-End Developer. (LinkedIn);
  • John Danz: Front-End Developer. (LinkedIn);
  • Jackson Broussard: Front-End Developer.
  • Aaron Drake: Senior Back-End Developer. (LinkedIn);
  • Alex Chapman: Back-End Developer.
  • Ryan Garner: Back-End Developer. (Twitter);
  • Tom Kysar: Director of Operations. (LinkedIn, Twitter);
  • Peronet Despeignes: Special Operations. (LinkedIn, Twitter);
  • Ivan Petric: Marketeer. (Twitter);

Bonus Schedule:

  • True Augur (15%): August 17- August 22, 12:00pm (EST)
  • Prophet (10%): August 22-  August 28, 12:00pm (EST)
  • Nate Silver (5%): August 28 - September 5, 12:00pm (EST)
  • Nostradamus (0%): September 5- October 1, 12:00pm (EST)

Token Reserve Split (20%):

  • 16% Advisers;
  • 04% Forecast Foundation;
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