Augur (REP) margin trading is now available on Kraken! Read on for the details.
What currency pairs and leverages are available?
REP/XBT, REP/ETH, REP/EUR: 2x
What are the REP borrow limits?
The REP borrow limits depend on the verification level of the account as follows:
Tier 1: 200 REP
Tier 2: 1000 REP
Tier 3: 2500 REP
Tier 4: 5000 REP
What are the margin fees?
Margin open fee = 0.02%
Rollover fee = 0.02% / 4 hrs
REP not a collateral currency
Please note that REP will not be a collateral currency, meaning that you cannot open margin positions against the value of your REP balances. For this reason you should always maintain adequate balances in other collateral currencies to maintain your margin positions. To see the current list of collateral currencies, go here: https://support.kraken.com/hc/en-us/articles/204585998-Collateral-Currency
Learn more about margin trading
Why do traders like margin trading? Because it allows you to leverage your account for greater profits. However it also comes with greater risk - if you are unfamiliar with margin trading and how it works, you can learn all about it by visiting the two sections on margin trading in our Support Center.
http://blog.kraken.com/post/151675216357/kraken-enables-augur-rep-margin-trading
Topic: Augur's Troubled Token Launch Highlights 'Appcoin' Pitfalls (Read 455 times)
I have a theory. Augur's REP tokens have been issued and have also been quietly listed in a small and obscure exchange. I think the name is Gatecoin Exchange. The average price in the ICO for REP was under $1 I believe and it was slowly bought up to the highs of $15 on very low volume and in an exchange where the whales and insiders can control the price.
I speculate that when the Augur team and insiders thought the time was right, it was suddenly on Poloniex and other exchanges with the team and the insiders dumping on the buy orders made by people who were expecting that this was going to be a good investment. Do you think that this theory is sound?
I speculate that when the Augur team and insiders thought the time was right, it was suddenly on Poloniex and other exchanges with the team and the insiders dumping on the buy orders made by people who were expecting that this was going to be a good investment. Do you think that this theory is sound?
What "doomed Intrade" is that they looked like a toy to Wall Street traders...
And Augur has chosen a similar look... and will likely be "ghettoized" within the microscopic Crypto Ghetto.
I have no idea why trading platforms are designed by coders...
They could just click over to Thomson Reuters and see what Wall Street software looks like (but noooo).
Also, the article gets basic shit wrong like REP is the trading currency (it's for oracles and profit-sharing)...
Every Augur account is an Ethereum account so ETH, any ETH token, BTC bridges, will be supported.
I also do not think Augur will be playing footsie with regulators...
In fact, *** that is the only thing it has going for it ***... you could build an anon coin skin for it, etc
And Augur has chosen a similar look... and will likely be "ghettoized" within the microscopic Crypto Ghetto.
I have no idea why trading platforms are designed by coders...
They could just click over to Thomson Reuters and see what Wall Street software looks like (but noooo).
Also, the article gets basic shit wrong like REP is the trading currency (it's for oracles and profit-sharing)...
Every Augur account is an Ethereum account so ETH, any ETH token, BTC bridges, will be supported.
I also do not think Augur will be playing footsie with regulators...
In fact, *** that is the only thing it has going for it ***... you could build an anon coin skin for it, etc
The crypto markets didn't responded well to the launch of Augur's digital asset.
The ethereum-based prediction market came out of the gates strong last week, with its reputation (REP) tokens quickly getting listed on markets like Poloniex, Bittrex and Kraken. However, the market value of those tokens fell sharply in post-launch trading.
Since then, some market observers have moved to voice their concerns about the blockchain token's long-term viability, and the viability of 'appcoins' in general.
http://www.coindesk.com/augur-reputation-launch-appcoin-pitfalls/
I hope this is a temporary market sentiment, and eventually people will appreciate the attractiveness.
The ethereum-based prediction market came out of the gates strong last week, with its reputation (REP) tokens quickly getting listed on markets like Poloniex, Bittrex and Kraken. However, the market value of those tokens fell sharply in post-launch trading.
Since then, some market observers have moved to voice their concerns about the blockchain token's long-term viability, and the viability of 'appcoins' in general.
http://www.coindesk.com/augur-reputation-launch-appcoin-pitfalls/
I hope this is a temporary market sentiment, and eventually people will appreciate the attractiveness.
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