One of the earliest Blockchain application built on Ethereum, and once called “the uber for knowledge” by none other than Ethereum’s founder, Vitallik Buterin, Augur has launched its main-net and officially said goodbye to ERC-20 token.
On July 9th, 11:01 AM PT all the existing ERC 20 based REP tokens were frozen and were replaced by the newly minted REP tokens from the deployed main net. The ratio of the token been minted was 1:1.
The entire migration was automatic and was completed successfully. Exchanges, wallet providers, block explorers and other services that interact with REP will be updating the REP contract address over the coming days.
Augur was founded in 2014 by Jack Peterson and Joey Krug. At its founding Augur had notable people in the blockchain community such as Vitalik Buterin as their advisor. Augur had raised $5.4 Million in their ICO back in 2015. Augur is currently worth $347 Million, after reaching an all-time high of $1.1 Billion in January 2018.
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