ShapeShift Supports Augur Decentralized Prediction Market Token, Reputation (REP)

in #cryptocurrency8 years ago (edited)

REP_T_78f832.png

There are some pretty cool projects floating around the crypto-sphere. One that ShapeShift has been keeping an eye on is the decentralized prediction market platform, Augur. We are now excited to announce our addition of the Augur token, Reputation (REP).

What is REP? Reputation is a tradable blockchain asset bestowing votes to users of Augur's prediction market platform. Augur’s REP token is the first decentralized oracle solution ever implemented, and allows its holders to report on the outcome of events on Augur. Each token entitles its owner 1/22-millionth of all market trading fees in return for faithful reporting on market outcomes.

Demand exists for REP due to ownership of the token being the only way to obtain half of the fees on the Augur platform. A limited supply exists of 11 million of these tokens due to mathematical proof of ownership and a consensus of honest transaction validators. Ownership of Augur reputation grants the right to be paid in exchange for providing real-world information to Augur.

ShapeShift's CEO and Founder, Erik Voorhees, explained:

“Decentralized prediction markets are one of the most important applications to derive from blockchain technology, Augur has pioneered and popularized the concept and we’re honored to support REP on ShapeShift from day one.”

Want to learn more about Augur? Watch the video:


Don't stop learning about Augur Reputation REP there. This blog post, posted by the Augur team, gives you all the details you need to know to find out why you should own REP.

We also love this little infographic:

AugurRepInfographicJune17Version-01_cv2ke1bcb37.png

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Hi @shapeshiftio - How come you don't seem to offer SBD conversion anymore ?
I ended up using @changelly instead for the latest @steemleak donation because of this reason alone, and I couldn't find any announcement about it ..

Hi, there! We actually have never offered SBD, just STEEM. We are continuing to look into adding SBD, but don't at this time.

Sorry about that, you're right .. I used it for steem transfers in the past, not steem dollars .. I got confused seeing this terribly written article that claims you accept steem dollars but I see now that the author didn't understand there was a difference between Steem and Steem dollars. Thanks for replying!

@shapeshiftio Could you please add Worldcoin WDC into Shapeshift. There is ongoing development. Worldcoin Business Center 3.0 multicoin wallet was released last month. It is modularly customizable.

Thank you for your consideration.