The Augur price (REP) witnessed large gains Friday after Binance listed the token for trading. Te wake of the down market for cryptocurrency, Augur is the only top-100 coin or token to postbode a 10% build up overheen USD for the day.
Augur’s trade volume has ballooned toughly 1900% since May Ten (te USD). The price has also enhanced about 26% since the close of day May Ten, from $44.28 to $55.93 spil of this writing. The marketcap has enlargened harshly 11% to $615,232,200.
Binance announced the fresh listing overnight Thursday. Augur’s trading volume and price instantly ratcheted up. Binance is the world’s largest cryptocurrency exchange, with the rigid reporting 7.9 million total users on March 15.
Binance is moving utter steam ahead with listing ERC20 tokens like Augur. This comes at a time when its competitor Coinbase is slow to list them, despite a latest announcement to support them. The exchange offers trading for 312 cryptocurrencies, according to CoinMarketCap, but has come under more regulatory pressure recently. The exchange still loves a large influx of fresh user registrations.
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Still te beta phase, Augur is a “a decentralized oracle and prediction market toneelpodium.” The token is one of the very first ter the field of prediction markets and influenced other projects that followed.
While Augur has received criticism te the past for security concerns and delays, the project is gaining traction with fresh development. A weekly development update on May 9th touts fresh ended development features and clearer road opbergmap.
“The team has bot working on Augur App this past week, a petite electron application that packages Augur Knot and the Augur UI so you can use Augur locally with an Ethereum knot of your choosing. It will take care of running Augur Knot ter the background and auto-deploy the Augur UI locally ter your browser. This will permit for users to have a single-click solution for using Augur locally,” the update said.
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The update goes on to highlight a tentative road schrijfmap for fresh development.
“We have our deployment timeline (tentatively) set internally. We’re working out final tasks regarding the deployment process, REP migration, and some code accomplish features this week,” the update said.
This solid development progress comes on the high-heeled shoes of continued good news for the project, such spil a grant for the bounty program.
Time will tell when the project will uitgang the beta phase, which it has stayed ter for finta some time. However, with development efforts solidifying and fresh exchange listings, the outlook could be improving.