Augur’s Revamped Predictions Platform Launches Next Month With a New Token

Blockchain predictions platform Augur is launching a new version of its protocol next month, but users will have to migrate to a new token if they want to use it. Augur v1 will continue to exist in its current form independently on Ethereum, as it has no “escape hatch or method of halting trading activity on the protocol or of the REP token,” the company said.

Augur v2 will offer a new version of the platform’s native REP token called “REPv2,” with REPs renamed “REPv1.” In 2019, blockchain prediction market startup Veil deployed a new version of Augur called AugurLite, created to support bets on the upcoming (at the time) U.S. presidential election.

Timeline of Augur, Ethereum