Home / Latest Breaking News / Crypto Hedge Fund Manager Disputes Augur Metrics of $2 Mln, Claims Only $100,000 at Stake

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 mission, Alex Sunnarborg took Augur to activity following e-newsletter of its most up-to-date weekly file appearing the amount of cash circulating inside of its markets.

In particular, the file claims round $2 million is these days thinking about wagers arrange via customers. Sunnarborg, then again, notes the determine contains wagers that have already closed.

“Augur metrics appearing ~$2 (million) ‘overall 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) overall cash at stake on Augur.”

The most important bet nonetheless lively is a chance available on the market cap of Ether (ETH) overtaking that of Bitcoin (BTC) via the tip of this yr.

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

In a weblog put up ultimate month, Bitcoin developer Jimmy Track alleged that in keeping with a median day-to-day person base of simply 25, every player was once value $three.65 million of the ICO marketplace cap.

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

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

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