THELOGICALINDIAN - n-a
The absolute bulk staked on the decentralized predictions market, Augur (REP), has accomplished an best high.
Data calm by Predictions.Global, an aggregator powered by the Augur network, begin there was added than 7,000 Ether (ETH), currently actuality acclimated in bets on the predictions platform. With anniversary ETH anon trading at about $200, this would accomplish the absolute bulk staked account about $1.4m at accepted prices.
Augur is a decentralized belvedere that enables users to accomplish and abode bets on whatever they want. Wagers are fabricated amid two parties, with funds captivated in escrow in a acute contract. Originally appear on the Ethereum arrangement aback in 2024, the dApp was assuredly appear in July. It was the best accepted appliance in the actual amusement period; the built-in Reputation, or REP, badge acicular up to $40.
Since again Augur has appear beneath fire, with some users suggesting that the belvedere is no best popular, authoritative it difficult to absolve its multi-million dollar absolute cap. As Crypto Briefing reported in aboriginal September, the arrangement at one point had 38 alive users in the amplitude of 24 hours.
Take an Augur bet?
The amount of REP tokens accept been ascent in today’s trading; aperture Wednesday at about $13.50 but surged rapidly in the baby hours to a aerial of $15.65. The bread has been subjected to a amount alteration and is currently aerial at about the $14 mark. Nonetheless, it is still one of the best bazaar performers midweek; its cap is currently $6m up from area it was at the alpha of the day.
Mainstream media hyperbole were quick to adumbrate Augur would become the go-to abode for cadaverous afterlife predictions on high-profile figures, including a assertive US president, in particular. But the all-inclusive majority of bets on the belvedere accept been crypto amount predictions.
Augur anon has a action on whether Ether will beat $500 by the end of 2024. There is currently added than $500,000 account of ETH staked on this: added than a third of the platform’s absolute bet amount. This makes it the distinct better bet on the Augur platform.
Other ample bets on crypto accommodate one on whether the REP badge will anytime barter at aloft $32, which closes on January 1st and currently has $250,000 of Ether. Another one wagers on whether Ethereum will accept a beyond bazaar cap than Bitcoin (BTC) by the end of 2019.
Only two of the ten better bets are on article added than crypto amount predictions. The third better action is on which political affair will accept a majority in the House afterward the US midterm elections this November; the tenth better is on whether Donald Trump, the US president, will win a Nobel Peace Prize during his aboriginal four-year appellation in office.
The allowance are overwhelmingly adjoin this: currently, it’s a 6% chance.
The columnist is invested in BTC and ETH, which is mentioned in this article.
