The planned developments rooted in Augur’s roadmap, between now and the end of 2018, could boost Augur’s price significantly.
Augur has been on the crypto market for some time and was one of the first cryptocurrencies that held an ICO to collect funds for future developments. The ICO took place in February 2015 and gained over $5.5 million through the issue of the REP coin.
The team of developers took the last three years to create a decentralized speculation platform through which individuals can bet against one another on the outcome of various events happening in the world.
Most websites offer the opportunity to bet on sports events or financial markets, but in Augur users can bet on the outcome of many situations and events, including the weather, political elections, and company predictions.
The platform hasn’t been released yet but will be in 2018, according to the roadmap. Augur is about to launch the first version soon, and it will only have one speculative market, allowing people to bet on whether or not the technology will be vulnerable to hackers.
The first reason why the REP token price could rise is the upcoming platform launch when REP will finally serve to create a solid and steady demand necessary for the participation and interaction with other users.
The second reason is the way Augur approaches risk mitigation by being open to paying out bounties to potential hackers for identifying and highlighting weaknesses. This is a business move that ensures high media attention towards the platform.
When the media coverage increases, it is only natural for the speculative volume to start flowing and REP tokens to push the price up above.