Topic: Augur & REP - page 2. (Read 3571 times)
Too late to bag some REP?
so REP tokens are shares that pay dividends, and not 'gas' that power/ authenticate transactions.
In a way, yes. Though technically your earnings are just payment for a service rendered rather than being a dividend.
You don't need REP to create and bet on markets in augur.
REP has value because REP holders get paid 50% of the transaction fees incurred by betters in exchange for reporting outcomes of the various events that are bet on. So REP holders get paid for helping to resolve a market.
For example, if augur sees $1 billion in betting volumes (which is trivial in the betting industry) in 1 year and the transaction fees are 1% then REP holders get $5m in total and since there are 11 million reps in existence, you get paid ~$0.45 for every rep you own.
So, in a way, if you buy REP you are basically buying a salaried job that is very very easy to do and takes almost no time.
REP has value because REP holders get paid 50% of the transaction fees incurred by betters in exchange for reporting outcomes of the various events that are bet on. So REP holders get paid for helping to resolve a market.
For example, if augur sees $1 billion in betting volumes (which is trivial in the betting industry) in 1 year and the transaction fees are 1% then REP holders get $5m in total and since there are 11 million reps in existence, you get paid ~$0.45 for every rep you own.
So, in a way, if you buy REP you are basically buying a salaried job that is very very easy to do and takes almost no time.
thanks for the explanation.
so REP tokens are shares that pay dividends, and not 'gas' that power/ authenticate transactions.
You don't need REP to create and bet on markets in augur.
REP has value because REP holders get paid 50% of the transaction fees incurred by betters in exchange for reporting outcomes of the various events that are bet on. So REP holders get paid for helping to resolve a market.
For example, if augur sees $1 billion in betting volumes (which is trivial in the betting industry) in 1 year and the transaction fees are 1% then REP holders get $5m in total and since there are 11 million reps in existence, you get paid ~$0.45 for every rep you own.
So, in a way, if you buy REP you are basically buying a salaried job that is very very easy to do and takes almost no time.
REP has value because REP holders get paid 50% of the transaction fees incurred by betters in exchange for reporting outcomes of the various events that are bet on. So REP holders get paid for helping to resolve a market.
For example, if augur sees $1 billion in betting volumes (which is trivial in the betting industry) in 1 year and the transaction fees are 1% then REP holders get $5m in total and since there are 11 million reps in existence, you get paid ~$0.45 for every rep you own.
So, in a way, if you buy REP you are basically buying a salaried job that is very very easy to do and takes almost no time.
I know of Augur, and now i'm digging a little deeper to get a handle on fundamentals to assess it for investment.
At sale.augur.net the short video ends with;
- "REMEMBER! You don't need reputation to use Augur, and most users won't".
So, are REP tokens worth investing in? Why would i need to have REP if i don't need to have REP to use Augur?
thanks.
P.S. There seem to be a lot of REP sellers on Reddit. Is this a tell about how the investor community now views REP's prospects post IPO?
At sale.augur.net the short video ends with;
- "REMEMBER! You don't need reputation to use Augur, and most users won't".
So, are REP tokens worth investing in? Why would i need to have REP if i don't need to have REP to use Augur?
thanks.
P.S. There seem to be a lot of REP sellers on Reddit. Is this a tell about how the investor community now views REP's prospects post IPO?
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