ShapeShift Now Supports Augur’s Decentralized Prediction Market

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ShapeShift.io has integrated the Augur Reputation (REP) token, a tradable Blockchain asset bestowing votes to users of Augur‘s prediction market platform. Customers anywhere in the world can now buy or sell Augur REP instantly along with Bitcoin, Ethereum, Dash and dozens of additional Blockchain assets. There is no signup process nor account required to use ShapeShift.

Augur’s REP token is the first decentralized oracle solution ever implemented, and allows its holders to report on the outcome of events on Augur, a decentralized prediction market platform. Each token entitles its owner 1/22-millionth of all market trading fees in return for faithful reporting on market outcomes.

“Decentralized prediction markets are one of the most important applications to derive from Blockchain technology,” explained Erik Voorhees, ShapeShift’s CEO. “Augur has pioneered and popularized the concept and we’re honored to support REP on ShapeShift from day one.”

Demand exists for REP due to ownership of the token being the only way to obtain half of the fees on the Augur platform. A limited supply exists of 11 million of these tokens due to mathematical proof of ownership and a consensus of honest transaction validators. Ownership of Augur reputation grants the right to be paid in exchange for providing real-world information to Augur.

By including REP on ShapeShift, software developers and users can immediately exchange between Reputation and assets like Bitcoin or Ethereum, bringing seamless liquidity to the ecosystem.

“ShapeShift is known throughout the crypto space as one of the best services for digital asset users. New users will have an incredibly easy to use method to convert cryptocurrencies into REP tokens and vice-versa,” said Tony Sakich, Augur’s director of marketing, “It’s wonderful to have such an easy tool to recommend novice users who are interested in REP for the first time!”

Companies and individuals can immediately utilize the ShapeShift website or API to convert between REP and most other leading Blockchain assets such as Bitcoin, with no account or sign up needed.

ShapeShift is a crucial piece of infrastructure in the world of Bitcoin. From start to finish, users can exchange Blockchain tokens in seconds, with no account required. No emails or passwords. No lengthy sign­up process. No accounts. No bid and ask orders. No friction. ShapeShift’s goal is the fastest, safest, and most convenient way to swap digital assets. See more at: https://shapeshift.io

Augur Reputation (REP) token is the first decentralized oracle solution, allowing holders to report on the outcome of events presented in the Augur Platform’s prediction markets. Ownership of Augur Reputation grants the right to be paid in exchange for providing information to Augur. To learn more visit: https://www.augur.net/

About Richard Kastelein

Founder, Publisher and Editor in Chief of industry leading online publication, Blockchain News and co-founder and director at Blockchain Partners in London/Amsterdam/NYC. Kastelein is also an advisor with a number Blockchain startups doing ICOs including Humaniq.co where hs is interim CMO, DECENT.ch, Inchain, Chronobank, eGaas and others. He is regarded as one of the top journalists by the Blockchain and fintech communities – as is evident by his entry in the Top 150 Fintech journalists online and in the top 10 of the Blockchain Top 100 List.

As a prominent keynote presenter, he has spoken on Blockchain at events in Gdansk, Amsterdam, Minsk, Dubai, Antwerp, Eindhoven, Bucharest, Nairobi, Tel Aviv, Manchester, Brussels, Barcelona etc, where he helped spread the cause for Blockchain technology and cryptocurrency and, consequently, has built a notable network in the scene.

He’s also a director of a Dutch foundation called The Hackitarians and has run innovation events in London, San Francisco, Berlin, Amsterdam and other cities around the world on topics such Blockchain, Health, Energy, Internet of Things, AI etc.

In 2013, the European Commission appointed him as an expert for overseeing financing for emerging startups as a part of the European Commission’s 90 billion euro Horizon 2020 project, created in Brussels to promote innovation as a driving force of job creation and business ventures across Europe. He has also worked as an external expert for Innovate UK since 2012, judging startups for the UK government.

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