Augur vs. Bitcoin; Should You Invest in Augur?

Augur questions

I'm participating in the Auger pre-sale, with the intent of actively trading my REP, at least initially. I'm new to alts almost entirely and have some questions:
A. When signing up for the pre-sale I was assigned an Ethereum wallet, to which my future, freshly minted REP will be deposited? Can an Ethereum wallet hold both Ether and REP simultaneously, or am I missing something? (I've bought in exclusively with btc, so I have no direct experience with Ether, other than following its recent price meanderings.)
B. I would like to be able to trade my REP basically from the earliest moment possible. Instead of using the pre-sale assigned Ethereum wallet, should I use a wallet that feeds directly to my alt-exchange account, where they can be readily traded, or just continue to use the pre-sale assigned Ethereum wallet?
C. Have I gotten too far ahead of developments? When do we expect REP to be launched?
Thanks in advance!
*The pre-sale verbage I'm referring to follows:
"REP purchased with Bitcoin or Altcoins will be associated with the Ethereum address set here. [custom ethereum address is provided here]
You may change your payout address at any time up until the official launch of Augur. We will notify you prior to this and confirm this address.
If you bought in with Ether, you do not need to set a separate payout address. Your payout will be sent automatically to the address(es) you bought in with. If you bought in with Ether and want your REP sent to an address different than the one you sent your Ether from, please contact us!
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Augur, Will It Be Different This Time?  REP Technical Analysis (29 May 2020) HOW TO made Bitcoin On USB Stick Guide 2019 10 Bitcoins and Ethereum facts!! Why Artificial Intelligence Crypto Will Make You Rich! TOP 3 CRYPTO-CURRENCY WALLETS  STORE YOUR ONLINE MONEY

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Augur, Will It Be Different This Time? REP Technical Analysis (29 May 2020)

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