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Crypto Hedge Fund Manager Disputes Augur Metrics of $2 Mln, Claims Only $100,000 at Stake

Blockchain-based prediction marketplace Augur is reportedly considerably overestimating its utilization, a founding spouse of cryptocurrency hedge fund Tetras Capital claimed on social media on Jan. 10.

The most recent complaint of the undertaking, Alex Sunnarborg took Augur to activity following e-newsletter of its most up-to-date weekly record appearing the amount of cash circulating inside its markets.

In particular, the record claims round $2 million is recently fascinated with wagers arrange by way of customers. Sunnarborg, on the other hand, notes the determine contains wagers that have already closed.

“Augur metrics appearing ~$2 (million) ‘general cash at stake’ come with markets that experience already ended,” he tweeted, including:

“If we exclude markets that experience ended there’s (lower than $100,000) general cash at stake on Augur.”

The biggest bet nonetheless lively is a gamble available on the market cap of Ether (ETH) overtaking that of Bitcoin (BTC) by way of the tip of this yr.

As Cointelegraph reported, cryptocurrency figures have identified an obvious discrepancy in Augur’s consumer numbers as opposed to the quantity the corporate raised in its 2017 preliminary coin providing (ICO).

In a weblog publish final month, Bitcoin developer Jimmy Tune alleged that in keeping with a median day by day consumer base of simply 25, every player used to be price $three.65 million of the ICO marketplace cap.

“Amazingly, this is among the luck tales for an altcoin/ICO!” Tune commented, whilst noting that Augur had produced higher effects than different ICO tasks which did not deliver a product to marketplace.

On the identical time, the CEO of cryptocurrency buying and selling platform BitMEX forecast a renaissance for ICOs inside the subsequent 18 months, countering the 2018 undergo marketplace which noticed some tokens lose greater than 90 p.c in their price.

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