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Blockchain Revolution Series: Augur Launches V2 of Its Decentralized Prediction Market
Augur v2 launched and introduces a new REP token called "REPv2". Augur, which is Ethereum-based predictions platform has announced the official launching date for the 2nd version of its platform commencing from July 28th and along with this they also announced REP Migration.
Thereby, REP token holders have to migrate their coins to the new version, REPv2 by themselves. While Augur stated that current tokens would be renamed as “REPv1” to tail off the perplexity.
Augur happens to be a predictions market model driven by the smart contracts to enables their users create and predict ETH denominated upshots.
Augur v2 now reintroduces the concept of "Use It or Lose It", wherein the REP holders are expected to participate in a network wide market fork, if one ever occurs. If the holders do not participate within the 60-day forking period, their REPv1 or REPv2 would be unable to participate in any of the forked and future universes of Augur forever.