Augur (REP) has seen over 20% price increase while the value of 0x (ZRX) has increased by over 4%. The development came after unveiling Veil on Ethereum’s Mainnet.
Veil, a peer-to-peer derivatives platform and prediction market designed on top Augur, 0x, and Ethereum platform, is managed and operated by Cayman Islands-based Veil International Ltd.
At the moment, the platform is not available to the United States, Cuba, Syria, North Korea, the Crimea region, any OFAC-embargoed nations, and other countries where there is a restriction on digital assets.
Veil makes it simple for people to have “leveraged long or short positions in ZRX/USD, REP/USD, and BTC/USD.
According to available update, “these products are structured as 7 day Augur scalar markets that are settled in ETH”.
Shortly after the launch, Augur and 0x have been seeing a massive price increase, with the two digital assets increasing by 20% and 4% respectively.
As at the time of writing, Augur is changing hands at $12.36 USD and has seen 21.07% price increase. In the same line, 0x has seen 4.14% value rise, trading at $0.301397 USD as at press time.
Augur, Ethereum and 0x are going to benefit significantly from the launch of the Veil, but it appears Augur is benefiting the most at the moment.
May 2018, Augur unveiled its Initial Coin Offerings, raising $5 million USD. Shortly afterward, the total market cap of Augur touched a billion dollars then it moved downward.
While Augur’s founders believe “the wisdom of the crowd” makes Augur better and accurate, but at the moment, there are few users signing up on the platform day by day.
Some say the platform is too hard to use, but it is gaining momentum each day. With the launch of Veil, Augur stands the chance of gaining more power, at least the increasing value of Augur says a lot about the digital asset.