Cryptocurrency Augur (REP) doubled within a week.
Augur is a “betting coin” or a decentralized prediction market that uses game theory. The news that seems to drive the price currently is a new system called Veil. This thing wants to be useful for trading everything under the sun.
In very short words: Veil wants to be a trading platform useable for Augur. Veil has its own order books and leverages Augur to represent markets and settle them.
In theory there could arise a new financial market with instantaneous settlements that is able to trade securities and everything else like real estate. This system also aims to settle trades in Augur REP, which would transform the Augur coin to some sort of “real crypto money”.
If that dream were coming true, one could expect this cryptocurrency to appreciate much more in the long run. For now it is, of course, only a dream.
