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Augur (REP) is an ERC-20 token that runs on Ethereum and is used on prediction markets. Prediction markets are platforms where anyone can make a market for anything by betting on outcomes of real-world events. With Augur, there are no limitations to what can be wagered upon with a permissionless, decentralized exchange that is completely transparent!
Zengo makes crypto easy for anyone, no matter if you are a veteran trader or new to crypto. Buying, trading, and holding REP tokens with Zengo’s keyless and non-custodial wallet is safe and simple. Zengo is the perfect option for everyone to access crypto.
Zengo has the most powerful features to manage your REP. Enjoy easy access to your assets, trading, recovery of assets, and sophisticated security to protect from hackers. And that’s just the basics; there is so much more with Zengo!
Here’s what you get with a Zengo REP keyless wallet:
Zengo knows you’re busy, so we built an app to make crypto easy. You can trust your Zengo wallet to provide essential data on your tokens wherever you are. Track your assets with ease, find the best trades, and stay connected with Zengo.
Zengo, lets you send and receive REP with only a few swipes. It’s simple, just share your wallet address with whoever is sending you REP tokens. Once the coins are in your wallet, Zengo will let you know with a notification!
Buying REP tokens has never been easier, thanks to Zengo. All you have to do is swipe REP and complete the prompts to buy what you need. Zengo provides many payment options to make crypto available to everyone.
You don’t have to sacrifice your current investments for new tokens. The Zengo wallet allows you to purchase REP tokens using fiat currency. Use Euros, US Dollars, or the Pound sterling to purchase cryptocurrencies safely through the Zengo app.
In the Zengo keyless wallet, buying REP or other tokens can happen through multiple payment methods. Zengo works with Mastercard and VISA, SWIFT network, payment apps, SEPA, and Bank Transfer (but within the EU or UK, minimum amounts apply).
If you need to hold REP tokens for a long period, Zengo is an excellent choice. Our easy recovery methods and cutting-edge security protocols make sure you always can access your assets even if you lose, break, or get a new phone.
Our Zengo savings service offers better interest on your savings than most traditional banks can offer! But keep in mind, this service is only for specific coins. So, keep checking in because new offers are being added all the time.
Thinking about investing in REP? Here are the key points to know about the project:
REP is the native token of Augur, a decentralized and no-limit prediction market where users can bet on the outcome of any real-world event. The wagers are settled with smart contracts and a decentralized exchange, so Augur is permissionless.
Augur was developed by the Forecast Foundation which was founded by Jack Peterson and Joey Krug in 2014 when they saw an opportunity for prediction markets to help people find the truth in a sea of disinformation.
In 2014 the whitepaper was released. The Augur platform was officially launched in 2018 after a beta in 2016 and a token sale in 2015. In July of 2020, Augur launched version 2 of their platform, all tokens were migrated by users.
Many current prediction markets are not accessible to everyone, while middlemen take large cuts, and centralized power can become corrupt. Augur’s decentralized, permissionless nature, and trustless settlement through smart contracts solve these problems.
To trade on the Augur platform REP isn’t required. REP is used to settle the wagers created. Holders stake REP and “report” on the outcomes of events. If the reports are inaccurate, the user’s REP will be lost, and if accurate, they gain more REP.
No, Augur cannot be mined. REP tokens can be earned by winning bets. REP can also be staked and assist the Augur protocol by “reporting” on the outcomes of wagers. These reporters earn a portion of the fees.
At launch, 8.8 million REP tokens were created and are capped at 11 million. Users are incentivized to use REP, if they don’t, they get penalized. You can view the current amount of REP tokens on Etherscan.
REP is an ERC-20 token as Augur is built on the Ethereum blockchain. However, a new version called Augur Turbo is currently operating on the Polygon network to offer lower transaction fees.
The more REP tokens a user has through winning bets and providing accurate reporting, the more REP they have. This incentivizes competition for the fixed supply of REP and creates value from scarcity.
Zengo is easy to use and flexible while keeping your crypto secure. With a Zengo keyless wallet, your tokens are always safe and accessible everywhere you go.
The Zengo wallet delivers robust security that doesn’t interfere with your trading. Your assets are always in your control with our non-custodial protocol. Hold, purchase, sell, trade, or send REP anytime and anywhere.
Zengo understands how important it is to keep your crypto safe. Our sophisticated 3-factor authentication, state-of-the-art facial recognition technology, and threshold key signature (TSS) keep your assets safe and secure.
With Zengo, you can buy, sell, send, and trade REP with a few quick taps. It’s fast, easy, and you always have control of your assets. Zengo has no minimums, maximums, or hidden fees, just crypto trading for everyone!
Even though Zengo is a non-custodial wallet, we guarantee that you can recover your tokens even if your phone is lost, broken, or stolen. Zengo uses advanced biometric verification instead of private keys, so you can always regain your assets.
We love automation, but nothing replaces a real human when you need assistance! That’s why Zengo’s in-app support is online 24/7 to solve any issues that might come up.
Need more information about Zengo’s REP wallet? No worries! Feel free to go over our Q&A below.
Zengo makes trading and holding REP easy. Download the app from the App Store or Google Play. After downloading and installing Zengo, follow the prompts to verify your identity. Once you’re set up, head over to the home screen to purchase REP tokens!
To store Augur (REP) tokens, you will need a crypto wallet like Zengo that supports it. Zengo’s sophisticated biometrics and native security measures protect your assets and ensure that you’re the only person who can access your crypto. In the event that your device is stolen, lost, or broken, Zengo’s authentication system will recover your funds, so you won’t have to worry.
Your wallet is proof you own your coins. If you want to hold REP, you must have an Augur compatible wallet. In addition to holding, the Zengo wallet will also make it easy to buy, sell, send, receive, and trade REP all in one place.
It’s easy! You only need to follow these five steps:
Welcome to crypto! You are now set to buy your first REP tokens.
Once you have opened a Zengo account, your REP address is automatically created. To view it, select REP on the Zengo home screen and just swipe right. You will see a long line of numbers and letters. This is your wallet address. To receive REP, share the numbers and letters with the sender. If they are nearby, the easiest way to give them your address is for them to scan the QR code provided!
In order to receive REP, the sender needs a wallet supporting REP. If they don’t have one yet, be sure to send them an invite to Zengo!
If you need to send REP, go to the Zengo home screen, select the token, and then swipe left. You must have your friend’s wallet address to complete the prompts. Tap send, and the person will get a verification message when the tokens land in their wallet.
In just a few taps! Find REP on the Zengo app home screen. Touch the icon, and swipe left. Get the receiver to share their wallet address with you, enter it into the app, follow the prompts, and tap send. When the funds arrive, the recipient will get a notification they have landed.
To receive REP tokens from someone, just share with them your wallet address. Find the REP token on the Zengo home screen. Then swipe right. The numbers and letters the app shows you are the REP wallet address. Have the sender scan the QR code or copy the address. You will get a notification when your funds arrive.
Disclaimer: The information provided herein is for educational purposes only. Zengo does not provide any investment or financial advice whatsoever. As with any financial or investment decision, conduct your own research and due diligence to properly evaluate the benefits and risks of any investment or financial transaction and seek the advice and guidance of qualified financial professionals, in connection with any investment or financial transaction.
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