Augur bets approached $1 million, because cryptomnesia put to the vote the question of who will win the midterm elections gave Democrats 61% chance to win.
Augur is a decentralized betting platform running on Ethereum, which was launched in July. The time of appearance of Augur seems to be calculated correctly, because on the platform there were an unprecedented number of cryptomonadales ready to bid pending the outcome of the midterm elections. The rates on Monday was $843 759,9.
Bets on the Augur was as follows: 61% that the Democrats will win; 36% for a Republican victory while almost no one expects that this will be true.
After the election will be completed on Tuesday, the results should confirm the availability of winners of cryptomonadales.
It should be noted that, despite the fact that trump is a direct candidate in this election, the midterm election results could have a significant impact on the course of his presidency.
The number of users Augur (REP) grows
Meanwhile, the tokens Augur (REP) on Saturday increased by about 7.35% in price. Basically REP is trading on Binance paired with BTC.
Despite the relative lull in the market after the world Cup, Augur has significantly expanded the volume of users on two key markets lately. The first is the betting market on the mid-term elections in the United States, and the second is the price that will ultimately be able to achieve Ethereum until the end of the year.
While betting on betting on elections is about $1 million, rates the second market in Ethereum low enough that eventually bitcoin will reach $500 by the end of 2018.
Competition among similar projects, such as Brave browser and Steemit that also offer betting markets is very large. However, the team Augur announced the upcoming update, which, according to preliminary data, will affect aspects of the user interface.
Update to version 2.0 was announced in October and is likely to be completed by the end of the year, but still the exact date of its completion is not defined.
If you find a mistake on rucoin.net please highlight the text and press Ctrl+Enter.