Augur (REP) Safe-Keeping With A Ledger Nano S/X
Augur’s Reputation token (REP) is an Ethereum token designed for reporting and disputing the outcome of events on online prediction markets.
These prediction markets, are set by users and can include events such as company performance, election results, or even natural phenomena by purchasing shares that would either support or refute the proposed outcomes of such specified events. By design, the user-created markets could return fees to market participants while automating payouts using software meant to be fair, open to all, and completely decentralized.
So, if you have a Ledger Nano S/X follow the steps outlined below to learn how easy it is to protect your REP tokens.
Before you begin: You will need to have Ledger Nano X/S hardware wallet, and Ledger Live app installed on your computer or mobile device.
Before you begin: Make sure your Ledger Live application is up to date:
- Download Windows 10 Ledger Live update
- Download MAC OS Ledger Live update
- Download Android Ledger Live update
Note: to secure the REP tokens you first need to have the Ethereum app installed on your Ledger Nano X/S. This is because REP is an ERC-20 token. Once Ethereum is installed you can then add REP to your ETH account and manage your funds from there.
