Augur is a decentralised, no limits, peer-to-peer betting platform for creating and predicting markets. Users who are able to correctly select these winning outcomes receive a payout.
Based on the Ethereum network, Augur’s Reputation (REP) tokens are used to conduct these outcome-based bets. In addition to REP being provided to winning users as payment, the network’s token is also used to return fees to market creators while also automatically paying out winnings. There are also oracle services built into Augur, to allow the flow of live events into the smart contracts.
How to buy REP coin in Australia
To buy REP coin in Australia with Swyftx you’ll need to follow a few simple steps. Firstly, you’ll need to create your free trading account by providing a few details such as your name, email address and mobile number, as well as creating a unique and secure password. Once you’ve signed up, you must then verify your account. To do this, you’ll need to submit a digital copy of your photo ID (i.e. drivers license, passport etc.). Once your account has been verified, you cand deposit Australian dollars into via bank transfer, debit card, PayID or POLI. Once the funds have landed in your account, you can then buy, sell and trade REP coin and other cryptocurrencies listed on the Swyftx Exchange.
Please note, deposits and withdrawals of REP are currently unavailable on Swyftx.
