Being the Augur platform’s application token, Augur (REP) aims to reimagine how betting works in the global market. This platform believes betting platforms today are very exploitative and unethical. So, the Augur platform makes way for people to predict the outcome of real-world events and get profit when they are correct.
Unlike traditional betting methods, Augur is very transparent and reliable. It means more users will use the platform for trying their predictive skills. REP, the coin, acts as the mediator for all the transactions that may take place through the Augur platform. It is worth noting that Augur is not a prediction market but a platform that allows people to create crypto-based prediction markets.Augur Payment Benefits:
Accepting payments in REP can give you the following benefits.
- Augur uses one of the sturdiest security systems, as seen on Ethereum, to power the transactions. A token you receive through payments is thus very powerful.
- Unlike Bitcoin or ETH, however, REP tokens are very versatile. You can trade them for money or use them for transparency-focused trading on the Augur platform.
- The entire system behind Augur and REP tokens is 100% transparent. You don’t have to worry about intermediaries or errors while dealing with the token.
- Because Augur uses the Proof-of-Stake consensus mechanism, the blockchain is faster and reliable. The network can handle a better number of transactions per second.
On top of this, you can enjoy the additional security features offered by the NOWPayments platform to make your financial journey seamless.