Dear all,
I have to admit I am a little confused on how is working Augur using the Ethereum blockchain since I can hardly answer a few questions that come to my mind.
First of all, I do not really understand why Augur is using a different currency that Eth since it is running on ethereum platform and thus needs to use eth as a fuel. Could someone explain me the advantages of it and the consequences?
Moreover, and I don't know if this is related, Augur has no marketcap and I was wondering why.
Thank you in advance for your answers
I have to admit I am a little confused on how is working Augur using the Ethereum blockchain since I can hardly answer a few questions that come to my mind.
First of all, I do not really understand why Augur is using a different currency that Eth since it is running on ethereum platform and thus needs to use eth as a fuel. Could someone explain me the advantages of it and the consequences?
Moreover, and I don't know if this is related, Augur has no marketcap and I was wondering why.
Thank you in advance for your answers
"You will be able to use any currency on Ethereum that conforms to the standard API for subcurrencies...."
https://www.reddit.com/r/Augur/comments/3w6wed/how_does_bitcoin_and_etherium_play_into_augur/
REP is not yet traded on any exchange so maybe coinmarketcap does not want to list a marketcap based on off market or REP equivalent (gatecoin uses a form of REP IOUs not REP itself) pricing data.
https://gatecoin.com/
REP supply is 11 million so you can easily estimate the marketcap with OTC sales data or gatecoin REP equivalent trade data if you want.
