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RE: Augur Coin Review: Predicting the Future of this Prediction Platform
What a great post! I certainly love Augur myself, and love what it's trying to do through prediction. If it pans out, there is going to be tremendous wealth generated from it. It also has a strong team behind it, including its advisory board as you have mentioned. The main concern I have with it, is the same I have for projects like Golem. There is going to be a lot of effort to bring in paying customers in practice.
Who should Augur target first? Who is that lowest lying fruit that can prove the algorithm works, and can be profitable at that? This is really where I'm a bit stuck.
Again, solid writeup. Looking forward to reading more from you.
I think the low-hanging fruit is getting people to make predictions using $REP token. Sports betting or any type of vertical where people are passionate about outcomes would be the best place to go.
There are winners and losers in every prediction. Winners will keep betting until they lose and losers will keep buying $REP to make future predictions.
When the outside world can view the reliability of the predicted outcomes, more attention will be attracted.
I like that $REP token has true utility where users can participate in prediction markets if they choose, those activities can lead to more buying, selling, and holding of the tokens and further development of the project to benefit the future.