Augur, one of the largest decentralized betting platforms, is preparing to launch a new version of its product. It will provide several notable changes and improvements for its users, allowing them to place different types of bets on cryptocurrencies. At the same time, Augur’s native coin REP records a daily increase of almost 7%.
Augur is a dApp built on top of the Ethereum platform. It had a pre-sale back in 2015, and it managed to raise over $5 million at the time. Initially, it was used as a prediction tool and to serve as a decentralized betting platform where users could bet on many different topics.
The company recently announced the upcoming Augur V2. Taking a quick glance at the new website, it’s safe to assume that the company will be making some changes.
For instance, the second version appears to be a betting platform specifically for cryptocurrencies. It indicates that users will have the chance to bet on different cryptocurrency-related outcomes. Such may include “Bitcoin’s opening price” and “Ethereum’s weekly trading range.”
So far, there are several listed coins – Bitcoin, Ethereum, Litecoin, Ripple, Monero, Dash, and Augur’s REP. The website informs that more will be available as well, but it doesn’t specify which ones.
Augur V2 is supposedly going to deliver an additional number of benefits. Among those are global access for users, improved speed on bet placing, no withdrawal fees, and trading fees of around 1%.
At the time of this writing, the company has not made clear when exactly the new version will be online.
As mentioned above, REP is the native coin of Augur, and it also follows the current positive price movement among most cryptocurrencies.
The new version was announced yesterday, and in the last 24 hours REP has risen with almost 7% against USD to $10. Naturally, the market capitalization is also surging and is above $110 M at the moment, meaning that REP is situated at 43rd place.
REP’s price has been relatively calm over the last several months. It has been ranging from a low of $8 to a high of $13 since September 2019. However, it’s worth noting that during the parabolic price increase of 2017/2018, it recorded a high of around $100. Since then, though, the price has retraced with approximately 90%.
