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What is REP(Augur)
Augur is a decentralized prediction market platform based on Ethereum blockchain technology. Users can use digital currency to make predictions and bets, rely on the wisdom of the people to predict the development results of the event, which can effectively eliminate the counterparty risk and the centralized risk of the server, while using cryptocurrency (such as Bitcoin) to create a global market.
Augur is a decentralized prediction market platform built on the Ethereum platform. With Augur, anyone can create a prediction market for any topic that interests them (such as who will win in the US election) and provide initial liquidity, which is a decentralized process.
Token status and distribution
Total supply: 11,000,000 REP