Republican (REP) Price

August is a decentralized forecasting market platform based on Ethereum blockchain technology. Users can use digital currency to predict and bet, and rely on the wisdom of the masses to predict the development results of events, which can effectively eliminate the counterparty risk and server centralization risk, and create a global market by using cryptocurrency (such as bitcoin). August is a decentralized prediction market platform based on Ethereum platform. With augur, anyone can create a forecast market for any topic they are interested in (such as who will win the US election) and provide initial liquidity. This is a decentralized process. In return, the creator of the market will receive half of the transaction cost from the market. Ordinary users can predict and buy and sell stocks of events on August according to their own information and judgment, such as the U.S. presidential election. After the event, if you predict correctly and hold the stocks with the correct results, you will get $1 per share, so your income is $1 minus the original purchase cost. If you make wrong predictions and hold stocks with wrong results, you will not be rewarded, so your loss is the original purchase cost. Many factors make augur different from the traditional forecast market, but the most important difference is that augur is globalized and decentralized. Anyone around the world can use augur, which will bring unprecedented liquidity, trading volume and a variety of perspectives and topics that traditional exchanges have never had.