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Why Dapp with $ 153M Market Cap is facing the problem of users?
Despite the fact that the gaming industry is a multibillion-dollar industry with a multitude of users, bets have been tightly labeled as illegal activities in many regions of the world.
In the Middle East, for example, bets are banned on religious grounds, and artists like the United States have many of its states that put an embargo on it while it is only allowed on the border of China like Macao. Likewise, at the moment, Australia, which in the past was a favorable ground for gambling, has begun to place restrictions on online gambling since last year.
Despite all the problems that the gaming industry has been experiencing lately, the decentralized betting platform Augur continues to struggle for success.
Augur betting platform (REP)
Augur (REP), is a platform that allows people to predict and bet in a decentralized way that makes bets safer. Launched in 2014, the project was able to launch its DApp network on Ethereum years later.
With Augur, decentralization helps users stay out of regulations while betting. It allows users to place any bet they want without being stopped by regulators. Augur is a blockchain technology that allows the user to avoid state authorities.
The launch of the DAP that took place in July saw a spike in Augur users, making it the most popular application on the Ethereum network at the time. This Dapp immediately put the value of the upward cryptocurrency with an increase of $ 40.
Compared to the "Augur" and "token REP" research rate at the beginning of the year, cryptocurrency has currently received the lowest research rate in the year.
Shrimp farming is more popular than betting
People seem to develop more love for shrimp farming. From the summer, Augur has witnessed the reduction in the number of its users. While on CryptoKitties and Bancor like 557 and 315 users respectively, DappRadar has revealed that Augur had 26 users in the last 24 hours, a very distant number for trainers.
Likewise, DApp predictions have fewer users than Ether Shrimp Farm, which is 36 years old in the last 24 hours. Ether Shrimp Farm is a decentralized application that allows people to guess that they are a shrimp farmer.
The Problem Of Augur (REP)
The popularity and use of Augur is gradually diminishing and the market is becoming moribund.
Because of the fall, many have published their opinions on the probable cause. Some argue that the main purpose of the project – the prediction, is the main problem as people have been awakened to criticize the project at launch, stating that it allows anyone to make macabre bets on the death of famous people, and this could lead to the creation of a functioning death market that motivates the murderers engaged in killing targets, arguing that it had been foreseen previously.
The death of the president of the United States was sometimes scheduled and published on popular media channels. This could have created a ruckus if it came to the past.
On the other hand, the project was a valuable tool for the prediction of the encrypted price as it represents its best known use.
The main stop of the project was seen as its barrier of use. To place a bet with Augur, users must first download the app. This would not have been a problem if it had not been for the report that updating for up to 2 hours could take.
In addition to complexity, users are also required to download an Ether wallet service such as Metamask to connect with the platform or a retention portfolio before a bet can be placed.
Complaints have also revealed that there are still incorrect bugs, Augur, and this prevents users from betting.
The Pathways To Augur's Upside.
In addition to Augur, there are a number of decentralized platforms such as Gnosis and Stox among others that offer betting services. Evident of this Augur, even if they have been labeled to have better potential than its competitors, it needs to address some of its challenges to stay on top of the betting market.
Augur should face the challenge of the difficulties in accessing his betting platform. The user should be able to access augur via the internet to place a bet. This will crush accessibility difficulties and skyrocket users of the project.
While the gambling game remains a very popular and profitable market, even if it is frowned upon by some regulation, if Augur reduces its barrier of entry, over the sky will be its limit.
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