Audius

What is Audius (AUDIO)?

Audius (AUDIO) is a decentralized music streaming platform where artists have full control over their content. Built on blockchain, it removes intermediaries, allowing artists to earn more revenue and engage directly with fans. The platform's native token, AUDIO, is used for governance, staking, and rewarding creators.

What Problem Does Audius (AUDIO) Solve?

Audius addresses several key issues:

• Artist Control: Artists maintain ownership of their music and revenue without intermediaries.
• Revenue Distribution: It removes middlemen, ensuring a greater share of revenue goes to the artists.
• Fan Engagement: Audius enables closer, more transparent interactions between artists and fans.

Why Does the Crypto Market Need Audius (AUDIO)?

Audius benefits the crypto market by:

• Decentralized Music Streaming: It offers a decentralized alternative to platforms like Spotify, with transparent revenue distribution.
• Incentivized Ecosystem: Both fans and artists are rewarded through token-based incentives, promoting community engagement.
• Artist Empowerment: Blockchain enables creators to control their content, while fans can support their favorite artists directly.

History & Achievements

Audius launched in 2018 and quickly grew in popularity. By March 2021, the platform reached an all-time high of $4.95, reflecting its appeal to the decentralized music community. Its partnerships with popular artists and decentralized structure have made it a competitive player in the music streaming industry.

Who Created Audius (AUDIO)?

Audius was co-founded by Roneil Rumburg and Forrest Browning with the goal of decentralizing content ownership and revenue distribution in the music industry. The team includes experts in blockchain, decentralized systems, and the music industry.

What Technology Does Audius (AUDIO) Use and How Does it Work?

Audius operates using:

• Blockchain Technology: It runs on Ethereum and Solana blockchains for scalability and decentralization.
• Decentralized Storage: Content is stored in a decentralized manner, allowing artists to retain ownership.
• Smart Contracts: Rewards for artists are distributed automatically through smart contracts, ensuring transparent revenue sharing.
• AUDIO Token: The token plays a crucial role in governance, staking, and rewarding artists and users.

What Affects Audius (AUDIO) Price?

Several factors impact AUDIO's price:

• Platform Adoption: As more users and artists use Audius, demand for AUDIO increases.
• Artist and Fan Engagement: Higher participation from artists and fans boosts platform and token value.
• Market Trends: Broader cryptocurrency market trends also affect AUDIO's price.
• Partnerships: Collaborations with popular artists or platforms can increase interest in AUDIO.

How Many Tokens of Audius (AUDIO) Are in Circulation?

The total and circulating supply of AUDIO tokens is 1,261,322,117.

What is the Maximum Supply of Audius (AUDIO)?

The maximum supply of AUDIO tokens is capped at 1,261,322,117 tokens.

What is Audius (AUDIO) Utility?

AUDIO tokens serve several purposes:

• Governance: Holders vote on platform decisions and protocol upgrades.
• Staking: Users stake AUDIO to secure the network and earn rewards.
• Artist Incentives: Artists receive AUDIO for their content and engagement.
• Exclusive Access: Fans can use AUDIO to unlock premium features and content.

Tokenomics of Audius (AUDIO)

Audius has the following tokenomics:

• Fixed Supply: AUDIO's supply is limited to 1.261 billion tokens.
• Rewards and Incentives: Tokens are distributed as rewards to users and artists for contributing to the ecosystem.
• Governance Participation: Holders can participate in decentralized governance and influence platform decisions.

What is the All-Time High and All-Time Low for Audius (AUDIO)?

• All-Time High: $4.95 on March 27, 2021.
• All-Time Low: $0.04374 on October 23, 2020.

Where to Buy Audius (AUDIO)?

AUDIO tokens can be purchased on several exchanges, including:

• Binance
• Coinbase
• Uniswap
• Kraken

Who Invested in Audius (AUDIO) at an Early Stage?

Early-stage investors in Audius include prominent blockchain venture capital firms like Multicoin Capital, Pantera Capital, and Coinbase Ventures.

What Are the Revenue Streams of Audius (AUDIO)?

Audius generates revenue through:

• Transaction Fees: Fees from premium services and transactions within the ecosystem.
• Staking Rewards: AUDIO holders earn rewards by staking their tokens and securing the platform.
• Platform Growth: Increased engagement from users and artists drives platform revenue.