Augur is a trustless, decentralized, collective-intelligence prediction market and no-limit betting platform that runs on the Ethereum blockchain. Augur is a blockchain-based protocol that utilises oracles to harness the “Wisdom of Crowds” to securely generate a variety of dynamic event forecasts. Augur provides a vast array of user-created event forecasts, ranging from sporting events to election results and everything in between. Users can bet these markets by purchasing shares of the outcome they believe will be the result. These bettable markets are constructed via smart contracts deployed on the Ethereum blockchain, which automates payouts and prevents these events from being subject to outages, blackouts, and censorship from third-parties. REP is the native token powering the Augur protocol and the distributed oracles that create markets and report event outcomes. The REP token is also used for betting and market resolutions. Users bet on markets by staking their REP on the outcome they deem likely to occur, which is held in the smart contract until resolution.
The best place to buy Augur is right here at Swyftx! Swyftx offers a fast, secure, and user-friendly platform that allows traders to easily deposit Australian dollars to trade Bitcoin and other cryptocurrencies instantly. We offer competitive fees and excellent customer support and we are proud to be Australia's highest-rated crypto exchange as per our Trust Pilot Reviews.
Yes, Swyftx is a safe and secure platform to buy and sell Augur (REP). Swyftx employs a range of advanced security measures to protect user funds and personal information and has been awarded ISO27001 certification for information security.
Swyftx is a AUSTRAC registered exchange that conducts regular security audits and maintains strict compliance with Australian Anti-Money Laundering and Counter-Terrorism Financing Laws.
You can find more information on our security practices here.
The price of REP is determined by the forces of supply and demand in the market. Similar to other assets, the price of Bitcoin is determined by the number of buyers and sellers in the market at any given time.
Some significant factors that can influence the demand for Bitcoin are adoption rates, Macro economic factors, News events, upgrades and advancements in its tech and investor sentiment.
You can deposit Australian dollars (AUD) into Swyftx via a number of methods including:
Swyftx also allows you to deposit cryptocurrency from another wallet into your account.
Swyftx does not allow you to directly buy Augur with credit card, however, we do support credit and debit card deposits. Once your deposit has arrived in your account, you can then buy REP instantly.
Swyftx has a trading fee of 0.6% for all buy and sell orders. In addition to the trading fee, Swyftx applies a spread to each cryptocurrency trade.
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This should not be used to make investment decisions.
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