Dynamic and history value of price REP. Maximal value of price Augur was 14.68$ - 2020-05-11 21:00:13, Minimal price of REP was 5.835$ value and fixed at 2020-03-13 02:00:12. Today price of Augur is : 13.18$
REP is short for Resolution, which is the currency of the Augur system, and reputation (REP) is the token of the Augur system. REP coins can be viewed as a kind of “points” related to an individual’s public and private addresses, and are as divisible and tradable as Bitcoin. The property that REP coin can be used as currency for trading is similar to digital currency. If bitcoin simulates gold, then REP coin can be said to simulate credibility. Augur is a decentralized prediction market platform built on the Ethereum platform, combining the power of the prediction market with a decentralized network, and creating an accurate prediction tool with amazing results and being able to obtain actual profits. Unlike the traditional centralized prediction market, when some events occur, the query of the results is the responsibility of a centralized organization or individual. Augur’s method is exactly the opposite. It uses a decentralized reporting mechanism to query the event results, thereby introducing REP tokens. After the event, querying the results requires many REP coin holders to report the event results.