Augur REP to Omni OMNI Exchange

Crypto Pair Details: REP to OMNI

Augur REP

Augur is a trustless, decentralized platform for prediction markets. Augur is an Ethereum-based decentralized prediction market that leverages the wisdom of the crowds to create a search engine for the future that runs on its own token, REP. Augur allows users to create their markets for specific questions they may have and to profit from the trading buys while allowing users to buy positive or negative shares regarding the outcome of a future event. Prediction markets are markets created to trade the probability of an event happening. The market prices indicate what the crowd thinks the probability of an event happening. Predictive markets have shown to have been effective in accurately forecasting many results however it is still not widely used due to the many regulatory hurdles involved in setting up such a market. Augur aims to set up such a market in a decentralized manner. Augur is an Ethereum-based decentralized prediction market that leverages the wisdom of the crowds to create a search engine for the future that runs on its own token, REP. Augur allows users to create their markets for specific questions they may have and to profit from the trading buys while allowing users to buy positive or negative shares regarding the outcome of a future event. Augur REP is the gambling cryptocurrency. It’s the crypto token you can use to bet on sporting events, political outcomes, economies and just about everything else in the prediction markets. Online gambling is a $52 billion a year industry. At its founding the project included Intrade founder Ron Bernstein, Robin Hanson, and Ethereum founder Vitalik Buterin among its advisers. In April 2015, Augur's first contract was uploaded to the Ethereum network.The first beta version was released in March 2016. In October 2016, all the reputation tokens that were for sale during the 2015 crowdfunding campaign were distributed to their owners on the live Ethereum network and the two largest cryptocurrency exchanges, Poloniex and Kraken, added support for these tokens on their trading platforms. The project was delayed until it was launched in July 2018.

Omni OMNI

Mastercoin / Omni is a digital currency built on top of the Bitcoin blockchain. Its features include the development of a decentralised exchange and the implementation of smart property and savings wallet. The Master Protocol facilitates the creation and trading of smart properties and user currencies as well as other types of smart contracts. Mastercoin enables the Bitcoin eco-system to become more decentralized. The Mastercoin project was launched on 31 July 2013 with a one-month long fundraiser. Those interested in obtaining Mastercoin may send bitcoin to an 'Exodus Address' where the funds collected would be used to fund the development of Mastercoin. Around 500 people invested in Mastercoin sending roughly 5000 bitcoins to the Mastercoin project.

SOURCE: COINGECKO

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