After having been one of the very few exchanges to open Ethereum for trading, we were looking for a new way to help Decentralized Applications ecosystem grow.
Over the past few months, we followed Ethereum projects closely. Augur, which may well disrupt forecasting and decision-making, is probably the most outstanding decentralized app built on Ethereum.
The Augur crowdsale was a major success: 5,000 donators gave around USD 5.3 million to finance the Augur project. In exchange, donators received 11,000,000 Reputations (REP), the Augur token (equivalent of Ether for Ethereum). Now that the crowdsale is over, it is impossible to buy or sell REP until Augur is live.
Impossible, except for Gatecoin users!
We are proud to announce that you can now trade REP for bitcoins on Gatecoin, since we released a REPBTC order book.How did we achieve that?We pooled some of our largest customers to buy REP through our platform, enabling them to list their tokens on our exchange.
As a result, our customers are now the only ones in the world to be allowed to buy and sell REP!
What’s the point of trading REP?REP is the token of Augur, the most promising Ethereum Dapp so far. Real-time REP trading will allow you to optimize your REP investment, and REPBTC price will also be a strong and transparent signal about the Augur project advancement.
About GATECOIN
Founded in 2013 by investment banking professionals, Gatecoin is a Money Service Operator (MSO) licensed bitcoin exchange in Hong Kong. Gatecoin is the winner of the 2014 Talent Unleashed Best Start-Up Award for the Central and East Asia Region, organised by Richard Branson and Steve Wozniak. Learn more at
https://gatecoin.com and on Twitter @Gatecoin. Note that REP deposits & withdrawals will not be possible.
