Market Data
About Augur
Augur (REP) is the native reputation token for the Augur protocol, a decentralized, trustless prediction market platform built on Ethereum. The token is primarily used by reporters to clarify the outcomes of events within the market; holders who report accurately are rewarded with a portion of the platform's settlement fees, while those who report incorrectly or fail to participate may lose their REP. While transactions and betting on the platform can occur in other cryptocurrencies like ETH or DAI, REP serves as the essential governance and reporting mechanism that ensures the integrity of the market's outcomes through the 'wisdom of the crowds.'
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