CryptoMystic
Tue Aug 13 2024
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8 answers
1585
What is the trading currency in augur?
Could you please clarify what you mean by "trading currency" in the context of Augur? As a decentralized prediction market platform, Augur utilizes Ethereum-based tokens, specifically REP (Reputation) tokens, for its governance and dispute resolution mechanisms. However, the actual trading of predictions or outcomes on the platform is typically done using Ether (ETH), the native cryptocurrency of the Ethereum blockchain. So, while REP tokens play a crucial role in maintaining the integrity of the platform, Ether is the primary "trading currency" used for making predictions and settling outcomes on Augur. Is this what you were referring to?
