Augur (REP)
$19.84 (-5.55 %) View coin
News
30 June 2020

Augur announces date for v2 launch with a new REP token

Predictions market platform Augur has announced its new and improved platform will launch July 28th. The upgrade brings about a number of changes such as DAI denominated markets, "Invalid" as a tradeable outcome, and a REP price auction. Token holders will need to manually migrate their REPv1 to REPv2 in order to partake in the new reporting system.

Why it matters - Prediction markets have received a lot of attention as a use case that benefits from the regulatory arbitrage afforded by decentralization, however, significant usage has yet to materialize. Augur’s v2 upgrade hopes to change this by improving the experience of creating and trading any arbitrary market. - The launch comes at an opportune time with an upcoming U.S. presidential election and professional sports starting to pick back up leading to a growing wave of bettors looking to gamble on various outcomes.

Augur, a decentralized prediction market and one of the first ICOs and projects built on Ethereum, launched its v2 protocol today. It will operate in parallel to Augur v1 and will require token holders to manually migrate their REP tokens. The upgrade includes modifications to improve the user exper...
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