Augur.net – Augur Review
Augur.net is a US based company that is planning to take the world by storm, with the utilization of Ethereum. Being in the market since 2015 and using beta testing, the company has managed to remain in the spotlight. This is an open source decentralized prediction market, where you can benefit from forecasting and trading. Beta means that there are a lot of changes going on, so is this the perfect timing to use Augur.net?
The Augur Website
Augur.net website is modern, although it is still pretty basic. There are no details as to how you can sign up or proceed with your trading activities. Even when you agree to check out Augur Beta, you get redirected to a basic and uninspiring environment. Of course, nobody claims that fancy style is a precondition for high quality trading. But things could be a little spicier, so as to offer a great user experience. Other than that, from the official website you get all the information as to the team behind Augur, its goal and communication portals.
The Augur Sign Up Process
You need to click on the Augur Beta, before you are able to sign up. They inform you upon signing up that your user account credentials are not stored anywhere else and therefore you are responsible for their safety. You cannot recover your password, which can be intimidating to some. What is great is the option they give you at Augur.net for signing up with Airbitz. In this way, you create an encrypted user account.
Augur.net Security
Augur.net is still in beta and this alone may lead to some distress. Besides that, the dev app is still unstable and they warn you about it on the official website of Augur. On the bright side, Augur.net uses the Ethereum blockchain for the platform and this allows room for absolute freedom online. There are no central servers to detect and close down, in case anti-gambling legislation is in order. What is more, the funds are all in smart contracts and this in turns helps users to benefit from no third parties and the respective risk.
Trading Process
After signing up on the beta, you can start trading without any additional delay or discomfort. All the markets and events are available on the main screen, making it easy and simple to spot the event you wish to trade on. You can also take a look at the percentages available for any event, so as to help you decide and form a firm opinion about your trading activities. There are ways for you to sort the events, using the open or closed or even reported events – and choosing to see the newest ones or the ones with the largest volume. When you pick an event, you are prompted to place the number of shares you wish to buy and place your order. This is it!
Plethora of Trading Options
Although Augur.net is still in beta, there are quite a few trading options for you to select from. There are several categories that allow you to place your bets and trade, including sports and politics, economy and entertainment. It is really cool that you have got the option to trade on whether or not Augur’s live release will occur within 2016! So you can see that there is great flexibility as to what you can trade on. No specific niche is available, but you can explicitly add an event and create new markets to trade on.
Help & Support
There is no live chat available on Augur.net, which is perfectly justifiable of course. Nevertheless, you can send them a message using the light bulb on the bottom right of the screen. In this way, you can suggest any thoughts you have about the app and the overall service. Other than that, there is a section with frequently asked questions about Augur.net. There you may gather information about the REP system and everything else you wish to learn. There is also documentation about Augur.net, as well as a helpful blog for those who enjoy reading. Finally, social media platforms are quite active (including Twitter and Facebook, YouTube and Reddit).
Compatibility
Beta means that there are no specific quality standards for Augur.net to be compatible with. There is of course the hope that Augur.net is going to be compatible with all devices and OS. It remains unknown as to whether the live release will happen any time soon, after the amazing venture capital that they have managed to raise so far. But the company is optimistic and does not exclude anyone from the best user experience.
Offers
Although Augur.net does not have any special offers yet (how could it be any different, since they are still in beta), there are rewards for users who report on real world events. This means that the so called “oracles” will profit to a certain extent and improve the forecasting tools of the service.
Augur in a nutshell
Pros
- Uses Ethereum blockchain
- Lots of trading events
- Open source decentralized platform
- Easy sign up process with Airbitz for encryption
Cons
- Still in beta
- No live chat
- Unstable app
From all the information within this Augur.net review, everyone can agree upon one thing: Augur.net is going to make a huge impact on the Bitcoin trading markets. By utilizing Ethereum, there is literally no way for the servers to close any time while trading. This ups security and ensures that your user experience will always remain top notch. Even though it can be frustrating to settle for the beta graphics and details, this will change in a while.
Augur.net is a trustworthy competitor in Bitcoin trading markets of the world and it is in the hands of Jack Peterson and Joey Krug (the founders) to improve whatever is lacking till the launch of the live service. With the addition of live chat and more rewards and offers, Augur.net will earn its place at the top and introduce a futuristic method of trading.
- Uses Ethereum blockchain, Lots of trading events, Open source decentralized platform, Easy sign up process with Airbitz for encryption
- Still in beta, No live chat, Unstable app
