Augur (REP) launches the much-awaited market prediction project; price reacts with a slide

0
  • The new platform allows users to have direct access to “a peer-to-peer network of crypto tokens.”
  • Augur’s trading volume drops by 37%, the market capitalization reacts negatively.

Augur has announced the release of its long-awaited market prediction platform. The price seems to be ignoring the launch, besides it is down more than 7% in the last 24 hours. At the time of writing, REP/USD is trading at $34.22. There is a slight decrease in the trading volume which is currently at about $4.7 million, compared to $7.3 million a couple of days ago. Owing to a 37.2% drop in the trading volume, Augur’s market capitalization dropped from $400 million to $375 million the same period.

The price seems to be lagging the bullish reaction to the release of the AirSwap Widget which is going to be integrated into Augur’s peer-to-peer oracle. The announcement on Twitter reads:

“We’re excited to announce that the AirSwap Widget will be integrated on Augur’s decentralized, peer-to-peer oracle and prediction market. This will enable @AugurProject users with easy, secure access to a peer-to-peer network of crypto tokens.”

In other news related to Augur, the network has partnered with Dether, a platform that allows users to buy digital assets using cash from anywhere in the world. “With Dether’s decentralized, peer-to-peer system, users can cash-in and cash-out their crypto by locating sellers on the Dether map around them.” Augur wrote in the official medium:

“Dether is thrilled to announce its partnership with AirSwap, the decentralized trading network. Our teams have been working together for the past few weeks in order to make it easy for anyone to access DTH and ERC20 tokens.”

AirSwap, on the other hand, “is a token network powering the decentralized web. Built on Ethereum peer-to-peer technology, buying and selling tokens on AirSwap is secure, simple, and without fees.”

 

 

Get the 5 most predictable currency pairs

About Author

Comments are closed.