Augur
$14.92 -1.16%
REP · 41w

REP token use case?

The Whitepaper reads: "Augur has a native token, Reputation (REP). **REP is needed by market creators and by reporters when they report on the outcome of markets created on the Augur platform.** ... Although REP plays a central role in Augur's operations [understood], **it is not used to trade in Augur's markets.**" -- What trading in what markets? "Traders will never need to own or use REP, as they are not required to participate in the reporting process." I assume, here "traders" are meant. -- Why traders? What traders? Who is trading what? I thought we were participants in a prediction market, ... betting on outcome A or B. (We are betting with ETH, correct?) Why traders? Can anyone enlighten me please? Thanks.
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REP -1.16% · medium.com · 1h

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