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What is Audius (AUDIO)?

Audius basic info

Name:Audius

Ticker:

AUDIOBuy now

Introduction:

What Is Audius?

Audius is a decentralized music streaming platform that leverages blockchain technology to redefine the artist-fan relationship in the music industry. Founded in 2018 by Forrest Browning and Roneil Rumburg, Audius seeks to eliminate the barriers erected by traditional music industry middlemen, offering a transparent, user-centric ecosystem. The platform hosts over 100,000 artists and enjoys over 4.7 million unique users monthly as of September 2023, a testament to its burgeoning popularity.

In a world where artists often find themselves at the mercy of record labels and streaming services, Audius stands as a beacon of change, promising greater control and fair compensation for artists. The platform operates on a layer 2 blockchain protocol, initially built on an Ethereum sidechain, the POA Network. To address scaling issues and enhance performance, it migrated its content management system to the Solana blockchain in 2020, although its native cryptocurrency, AUDIO, remains on the Ethereum blockchain. This strategic move has positioned Audius as a powerful contender in the music industry, promising a decentralized, transparent, and rewarding experience for both artists and fans.

Resources

Official Documents: https://docs.audius.org/

Official Website: https://audius.co/

How Does Audius Work?

Audius operates on a decentralized network of nodes, fostering direct interaction between artists and their audience. This innovative platform does not determine artists' revenue based on the number of track plays. Instead, it considers various factors including artists' engagement with fans and overall user activity on the platform. Artists can upload and distribute their music via decentralized nodes, offering several avenues to earn revenue without relinquishing ownership of their content.

The platform features two types of nodes: content nodes and discovery nodes. Content nodes host and manage content on behalf of artists, while discovery nodes index metadata and music uploaded to the Audius content ledger, facilitating quick searches for artists or songs by fans. This system generates immutable, time-stamped records for content, ensuring transparency and security. Furthermore, Audius empowers artists with tools to engage their community through artist tokens, which grant holders exclusive access to token-restricted content like unreleased tracks and remix competitions.

What Is AUDIO Token?

The AUDIO token serves as the lifeblood of the Audius ecosystem, fulfilling three primary functions: securing the network, acting as a governance token, and granting access to exclusive features and content. The token facilitates a decentralized music streaming experience, aligning the incentives of artists, fans, and node operators.

Holders can stake their AUDIO tokens to help secure the network, participate in the governance of Audius, and access exclusive content. Moreover, artists can leverage AUDIO to foster and enhance their fan base, utilizing content distribution tools to disseminate artist tokens to fans, who can then unlock exclusive content and unique experiences.

Audius's Impact on Finance

Audius is not just revolutionizing the music industry; it's making significant strides in the financial sector by integrating cryptocurrency into its business model. By distributing 90% of the revenue directly to artists, a stark contrast to the mere 12% in the traditional music industry, Audius promises a more equitable financial landscape for artists. The platform also actively involves AUDIO token holders in the decision-making process, fostering a community-driven approach to governance.

Moreover, Audius has forged noteworthy partnerships, including an integration with TikTok, allowing users to add songs from the Audius platform directly to their videos. This collaboration, along with others like the integration with blockchain game DeFi Land, showcases Audius's potential to bridge the gap between the music industry and the burgeoning world of decentralized finance and cryptocurrency.

What Determines Audius's Price?

In the ever-changing landscape of cryptocurrencies, the fluctuating Audius (AUDIO) token price is a focal point of interest, deeply intertwined with its distinctive role in the decentralized music streaming landscape. As a beacon of innovation, Audius has reinvented the music industry's traditional structure, forging direct connections between artists and fans, a dynamic that could significantly shape the AUDIO token price trends.

Serving as the backbone of the Audius network, the AUDIO token holds a pivotal role, safeguarding the network while unlocking premium features and content on the platform. This diverse utility of the token is a prominent factor in forecasting the Audius (AUDIO) price, steering potential investment analyses and strategies. In addition, its integration into the platform's rewarding system provides artists with earning opportunities through various achievements and social engagements, enhancing the intrinsic value of the token and possibly influencing the real-time AUDIO token price. If you're wondering how to buy the AUDIO token, you'll be pleased to know it's listed on several leading exchanges such as Bitget, offering a straightforward path for potential investors eager to diversify their cryptocurrency portfolios.

Moreover, the notable market cap of the AUDIO token, which reached an impressive $172 million as of September 2023, hints at the platform's burgeoning influence in the crypto sector. Its recent collaboration with TikTok, aimed at broadening the array of tools available for artists to expand their followings and monetize their fan relationships, is anticipated to be a game-changer in predicting the future trajectory of the AUDIO token price. As Audius persists in fostering unique artist-fan collaborations with features like remix competitions, it seems poised to positively influence predictions about the AUDIO token's future in the crypto space. For the latest insights and investment analyses, keep an eye on the most recent AUDIO crypto news, which serves as a gateway to understanding the nuances of the Audius (AUDIO) market cap and potential investment avenues.

AUDIO supply and tokenomics

Circulating supply:-- AUDIO

Total supply:-- AUDIO

Max supply:0 AUDIO

Market cap:--

Fully diluted market cap:--

Token allocation:

Team and Advisor

40.60%

Investors

36.10%

Foundation

17.80%

Early Participants

5.50%

Tokenomics:

Uniqueness

The Audius ecosystem consists of four main participants: artists, fans, content nodes and discovery nodes.

Artists publish content on the Audius content ledger. They can do so at no cost and music is streamed at 320kbps, comparable to standards of Spotify and Google Play Music . Because of Audius’ decentralized nature, there is no copyright protection, although the protocol is working on an arbitration system that will be overlooked by the community. Artists can use Audius to experiment or share bonus tracks, and the platform plans to include artist tokens to facilitate monetization, subject to artists staking AUDIO. Artists can also articipate in reward schemes that see tokens airdropped to the most popular artists.

Fans can listen to tracks for free and may in the future be able to stake AUDIO to participate in artists’ growth on the platform. They can also showcase their verified NFTs through the platform and earn different badges.

Content nodes maintain the availability of content on AudSP, the platform-native extension to IPFS. An artist’s client elects a set of these nodes to do so automatically on the artist’s behalf, while fan clients fetch the content, submit proof, and request keys to content nodes. Artists could also choose to run their own content nodes and maintain greater control over their content distribution. The content ledger maintains a record and a single source of truth for all actions on the protocol.

Discovery nodes index metadata queryable by users In other words, they enable users to find new content and act as its registry on the platform.

Token utility

Audius platform tokens (ticker $AUDIO) have three prongs of functionality within the protocol unlocked by staking:

Security
Feature access
Governance

Audius tokens are staked as collateral for a valueadded services. In exchange, stakers earn ongoing issuance, governance weight and access to exclusive features.

Audius tokens are staked by node operators to run the Audius protocol, and by artists and curators to unlock exclusive features and services. Any $AUDIO staked within the protocol is assigned governance weight, used to shape future iterations of the protocol.

Audius tokens will serve as collateral for artist-based tooling as well. Early examples incubated by the community include artists tokens, badges and earnings multipliers. In the future, fans may delegate tokens to specific artists and curators to share in their growth on the platform and the issuance of future tokens.

Node operators must stake Audius tokens to operate a discovery node or content node, with a larger stake correlating to a higher probability of being chosen by fan clients. Node operators receive direct upside from seeding in the form of $AUDIO and the possibility for future protocol fees for actively seeding the protocol.

Token governance

A community goal, via governance, is to ensure that Audius tokens are always being funneled to the most value-added actors by using onchain metrics as a measurement, rather than simply to those staking the most tokens but not actively participating in the ecosystem.

Links

Website:https://audius.co/

X:https://twitter.com/audius

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What is the development prospect and future value of AUDIO?

The market value of AUDIO currently stands at --, and its market ranking is #309. The value of AUDIO is not widely recognized by the market. When the bull market comes, the market value of AUDIO may have great growth potential.

As a new type of currency with innovative technology and unique use cases, AUDIO has broad market potential and significant room for development. The distinctiveness and appeal of AUDIO may attract the interest of specific groups, thereby driving up its market value.

What will the price of AUDIO be in 2025?

Based on AUDIO's historical price performance prediction model, the price of AUDIO is projected to reach $0.2532 in 2025.

What will the price of AUDIO be in 2030?

In 2030, the AUDIO price is expected to change by +9.00%. By the end of 2030, the AUDIO price is projected to reach $0.3780, with a cumulative ROI of +147.23%.

Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of AUDIO and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

AUDIO price AUDIO price prediction AUDIO news

Is AUDIO worth investing or holding? How to buy AUDIO from a crypto exchange?

If you want to buy AUDIO, the following information may be helpful for your investment decisions:

In the last 7 days, the price of AUDIO has fallen by undefined%, leading to negative returns for most AUDIO investors. The market is currently pessimistic about the price trend of AUDIO.

It is important to note that the current price of AUDIO has retreated by -91.54% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.

Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.

To decide whether AUDIO is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.

Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in AUDIO or any cryptocurrency comes with certain risks and uncertainties.

Regardless of your outlook on the development prospects and future trends of AUDIO, if you want to buy or sell AUDIO, you can consider Bitget for your trading needs. The best place to buy AUDIO is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.

Investing in Audius has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy Audius. Here's a step-by-step guide on how to buy Audius on Bitget.

Buy AUDIO now Coin buying guide

How to get Audius through other methods？

Using cash to buy Audius is not the only way to obtain Audius. If you have the time to spare, you can get Audius for free.

Learn how to earn Audius for free through the Learn2Earn promotion.

Earn free Audius by inviting friends to join Bitget's Assist2Earn promotion.

Receive free Audius airdrops by joining ongoing challenges and promotions.

All crypto airdrops and rewards can be converted to Audius through Bitget Convert, Bitget Swap, or spot trading.

What is Audius used for and how to use Audius?

The use case of Audius may expand as the crypto market and the project itself develop. Currently, you can use AUDIO to achieve the following goals:

Arbitrage by trading AUDIO: Since AUDIO is a frequently traded cryptocurrency, the price of AUDIO is always fluctuating. Earn more AUDIO by buying low and selling high on the exchange. Bitget spot market provides a variety of AUDIO trading pairs to fully meet your needs.

Earn by staking AUDIO: You can also generate income through financial management methods such as staking AUDIO or lending AUDIO. Bitget Earn offers a variety of financial products designed to help you earn more income from your AUDIO.

Send or pay AUDIO: If you want to give AUDIO to your friends, a charity, or a fundraiser, or you want to pay someone with AUDIO, you can quickly and easily send AUDIO to the recipient through their payment address.

You can also go to the official website of the Audius project to learn more about the use cases of AUDIO. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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