Augur is a decentralized prediction market platform for Ethereum and EVM compatible chains where $REP is the platform token that represents a user's reputation.

$REP is short for Reputation, the currency of the Augur system. $REP coins can be viewed as a "point" associated with an individual's public and private addresses, as fragmented and tradable as bitcoin. The point at which $REP coins can be used as currency for trading is similar to digital currency. If Bitcoin simulates gold, then it can be said that REP coins simulate credit. Augur is a decentralized forecasting market platform built on the Ethereum platform that combines the power of predictive markets with the power of decentralized networks to create predictive tools with real profits.