The price of the altcoin Augur peaked at $82.7 on Friday. One of the reasons behind the cryptocurrency’s rise could be its recent listing on Binance.
On Friday, May 11, the opportunity to trade Augur (REP) in pairs with Bitcoin, Ethereum and Binance Coin appeared on major Hong Kong stock exchange Binance. Exchange representatives announced the altcoin’s listing on the platform’s official Twitter account:
#Binance Lists #Augur ( $REP )https://t.co/YTK7T6TJ46 pic.twitter.com/hyCRb4Cjix
— Binance (@binance) May 11, 2018
After that, the coin’s average market price rose sharply from $47 to $82.7. For half an hour, the price’s growth rate increased by 75%, although it has since rolled back and now trades at $53.
Augur is a decentralized oracle and prediction market platform. Users feed real world information into Augur’s contracts. Augur ensures the accuracy of this real world information by providing a financial incentive for REP token holders to correct markets they believe have been reported on incorrectly.
By Ekaterina Ulyanova