Decentral, creators of the universal blockchain wallet Jaxx, has announced a partnership with the Ethereum-powered prediction market Augur integrating its currency, REP. Revealed in early 2015 and crowdfunded through the sale of its token, Augur aims to allow users to trade on the outcome of events and for the market to leverage that crowdsourced information.
REP’s market cap is now about $77.5 million, making it the 8th largest blockchain asset. Its integration will allow Jaxx users to manage REP in one place, providing access for users to enter prediction markets, both for those posing questions and thousands of others betting on the likelihood of future events.
CEO of Jaxx, Anthony Di Iorio, explains: “Augur is a genius concept. We are extremely excited to be integrating REP because it’s been surging in growth since it entered beta and is now becoming a hot commodity. Augur has been building decentralized prediction market whereby people can earn cryptocurrency by simply guessing correct on future events, as well as contribute to an innovative forecasting tool and community. We have developed a great friendship with the team at Augur and are looking forward to providing our customer base with the most user-friendly way to manage their REP on computer, device or phone.”
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Augur’s Director of Marketing, Tony Sakich, said: “We are thrilled to be launching our token. It is something we’ve looked forward to since the very first days of the project. REP will be a huge hit on Jaxx; it’s my default wallet and it’s incredibly versatile. Augur incentivizes market participants to reveal what they think will happen, rather than what they hope will happen, and REP will be used to power the predictions and earnings. We are also excited to announce that it will be available for trade against other cryptocurrencies, on Poloniex and Kraken initially, and more exchanges to follow.”
The integration of Augur comes just days after Ethereum Classic was approved by the Apple App Store, meaning the world’s fifth most valuable digital currency is now available on the Jaxx wallet for iPad and iPhone users. Litecoin has already been pre-approved by Apple, and Jaxx has submitted a new version of its wallet, complete with Litecoin and REP, for AppStore review.
Technologist Charles Hoskinson, founder of IOHK and proponent of Ethereum Classic, said: “Every cryptocurrency requires a diverse set of reliable, secure and easy to use wallets in order to grow and thrive. Jaxx has focused enormous effort and resources on delivering one of the best in class and easiest to use wallets in the space. It’s great to see Jaxx supporting ETC. I think this is will be great relationship for both communities.”
It was further announced that since launching in June 2016, more than 50,000 users have downloaded Jaxx. Anthony Di Iorio commented: “Jaxx’s mission is to bring blockchain technology to the masses by providing easy to use resources, tools and products that unify blockchain communities. We are seeing a growing number of users rally around this emerging technology and will continue providing easy to use blockchain solutions and true freedom of choice.”