I've set up a new Airbitz account and after logging back in my local client shows the following funds:

ETH Tokens:10,000.0000; ETH:99.9955; REP:47.00

How come I already have ETH and REP in the newly created account?

  • 1
    It's probably running on testnet and this helps you to get started. – soc1c Aug 3 '17 at 11:15
  • @5chdn Probably you're right. – kenorb Aug 3 '17 at 11:38

Those are testnet tokens distributed to anyone that signs up at this stage to help test the Augur platform.

ETH is used as a (testnet) currency for these markets and (REP) is used as the (testnet) token to incentivize market creation and accurate reporting.

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