{"id":303925,"date":"2021-09-15T07:02:57","date_gmt":"2021-09-15T11:02:57","guid":{"rendered":"https:\/\/insidebitcoins.com\/?page_id=303925"},"modified":"2021-10-14T17:52:30","modified_gmt":"2021-10-14T21:52:30","slug":"sell-augur","status":"publish","type":"page","link":"https:\/\/insidebitcoins.com\/sell-cryptocurrency\/sell-augur","title":{"rendered":"How to Sell Augur (REP)"},"content":{"rendered":"

Augur is a trustless decentralized platform created for the prediction market. The decentralized protocol is built on Ethereum and leverages the wisdom of the crowd which participates in the prediction market using a native and primary token known as REP. <\/span><\/p>\n

Users of the protocol are allowed to create a prediction market or bet on the likely outcome of an event. Such events could range from the performance of a company to the outcome of an election or even a natural event, perhaps the weather condition.<\/span><\/p>\n

The REP token can be purchased on crypto exchanges. Investors now consider REP as valuable enough to invest in. REP is the only token that can be used to report the outcomes of events on the Augur network. It derives its value from its ability to successfully execute smart contracts built on the network. <\/span><\/p>\n

Reporters on Augur are also known as nodes and to participate in reporting the outcome of events and earn a share of fees collated from users, they have to stake the REP token in a special contract. The continuous activity on the network contributes to the value of Augur’s REP.<\/span><\/p>\n

Therefore, in this guide, we are going to consider why REP is a must-have and how to buy REP on an exchange as well as sell the tokens.<\/span><\/p>\n\n \n

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