$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.
Go to self.Augur
Recent news
REP -1.16% · · 1h

Augur Weekly Report - March 20th

The team has been working through issues on the current sprint, Cantankerous Cabbage, while beginning to plan out work for the next two weeks in Diabiolical Dewberry. Each of the three teams is…