Augur - a decentralized prediction market platform - page 13.

Pap0u

sr. member

Activity: 644

Merit: 250

Quote from: -Greed- on October 05, 2016, 01:46:56 PM

Quote from: Pap0u on October 05, 2016, 12:55:40 PM

I don't see any value in this project at all. First how can you buy a fixed price token, that's a scam in itself. Second, you are all speculating the price of a speculation market lol. I think a prediction market is cool, but it shouldn't have its own coin, should just work like a bankroll and dice game.

You missed the crowdsale, lol.

So it was a game of musical chairs who can dump first?

-Greed-

hero member

Activity: 910

Merit: 1000

Decentralized Jihad

Quote from: Pap0u on October 05, 2016, 12:55:40 PM

I don't see any value in this project at all. First how can you buy a fixed price token, that's a scam in itself. Second, you are all speculating the price of a speculation market lol. I think a prediction market is cool, but it shouldn't have its own coin, should just work like a bankroll and dice game.

You missed the crowdsale, lol.

redsn0w

legendary

Activity: 1778

Merit: 1043

#Free market

Well done augur, all the people who invested in the ico have made a decent profit

.

DOPECOINRULES

member

Activity: 113

Merit: 10

DopeCoin Is Here Join the Revolution!

i predict in the year 2026-2030 we will have a colony on Mars,............ Roll Eyes

Pap0u

sr. member

Activity: 644

Merit: 250

I don't see any value in this project at all. First how can you buy a fixed price token, that's a scam in itself. Second, you are all speculating the price of a speculation market lol. I think a prediction market is cool, but it shouldn't have its own coin, should just work like a bankroll and dice game.

-Greed-

hero member

Activity: 910

Merit: 1000

Decentralized Jihad

Quote from: mybitcoinfaucets on October 05, 2016, 09:50:31 AM

Quote

Each token entitles its owner 1/22-millionth of all market trading fees in return for faithful reporting on market outcomes.

I did some calculations on how much you can earn with your REP tokens in return for reporting on market outcomes.

Let's say $10,000,000 is being traded on market predictions a day when the Augur network is live (the same as the current Ethereum daily volume). Let's say the avarage fee is 1%. That makes $100,000 in fees a day. If I have 100 REP I own 1/220,000 of the total available supply. I would make $100,000 / 220,000 = $0.45 a day. It would possible be higher if not all REP is being used for reporting.

So 1 REP would make $0.0045 a day. Not much. In that case the current value of 1 REP at about $9.80 is in my opinion way too high.

Am I right on my calculation?

Each token represents 1/11M. You should also consider that the tokens value and the volume are supposed to increase over time.

mybitcoinfaucets

newbie

Activity: 47

Merit: 0

Quote

Each token entitles its owner 1/22-millionth of all market trading fees in return for faithful reporting on market outcomes.

I did some calculations on how much you can earn with your REP tokens in return for reporting on market outcomes.

Let's say $10,000,000 is being traded on market predictions a day when the Augur network is live (the same as the current Ethereum daily volume). Let's say the avarage fee is 1%. That makes $100,000 in fees a day. If I have 100 REP I own 1/220,000 of the total available supply. I would make $100,000 / 220,000 = $0.45 a day. It would possible be higher if not all REP is being used for reporting.

So 1 REP would make $0.0045 a day. Not much. In that case the current value of 1 REP at about $9.80 is in my opinion way too high.

Am I right on my calculation?

-Greed-

hero member

Activity: 910

Merit: 1000

Decentralized Jihad

11M USD volume in the first day and #5 by ranking. That's some serious shit. This is gonna be HUGE!

aldenpogi

full member

Activity: 196

Merit: 100

Augur wallet released https://github.com/AugurToken/Augur/releases/tag/1.0.0.0

szafa

hero member

Activity: 812

Merit: 500

Augur is mineable or only fund project.

weilichesbin

sr. member

Activity: 308

Merit: 250

Now i have my coins, how can i use them to predict?

TaShoKi

sr. member

Activity: 404

Merit: 252

Augur/REP

Top 10 Market cap coins Grin

marcelocoin

hero member

Activity: 1085

Merit: 500

hi =D

I participate in this great ico and great project! Roll Eyes

tempus

legendary

Activity: 1960

Merit: 1128

Does anybody know what the ICO-price was?

Edit: Somebody on Polo said $0.53

Affilate User

sr. member

Activity: 588

Merit: 250

https://poloniex.com/exchange#btc_rep
1 augur = $10?

Crpto4$

full member

Activity: 182

Merit: 100

Quote from: ImI on October 04, 2016, 04:57:31 PM

Quote from: Crpto4$ on October 04, 2016, 04:46:18 PM

Any one knows the total token supply of REP ?

coinmarketcap.com says 11mio

thank you.

ImI

legendary

Activity: 1946

Merit: 1019

Quote from: Crpto4$ on October 04, 2016, 04:46:18 PM

Any one knows the total token supply of REP ?

coinmarketcap.com says 11mio

Crpto4$

full member

Activity: 182

Merit: 100

Quote from: weilichesbin on October 04, 2016, 03:20:43 PM

Hi I send rep from Kraken to polo and i dont See my deposit.where is it?Lost i the money?

people in the poloniex troll says it is bieng hacked?

Crpto4$

full member

Activity: 182

Merit: 100

Any one knows the total token supply of REP ?

weilichesbin

sr. member

Activity: 308

Merit: 250

Hi I send rep from Kraken to polo and i dont See my deposit.where is it?Lost i the money?

Topic: Augur - a decentralized prediction market platform - page 13. (Read 114364 times)