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What is Audius AUDIO
What does Audius actually do? Is Audius a good investment? What is AUDIO crypto used for? Does AUDIO crypto have a future?
Table of Content
- Buy Audius (AUDIO) 2022: Analysis, Price & Forecast
- What is Audius?
- How does Audius work?
- What makes Audius special?
- How to buy Audius
- Where to buy
Buy Audius (AUDIO) 2022: Analysis, Price & Forecast
AUDIUS is a cryptocurrency that has the potential to become a tenbagger in the future. Should you therefore purchase Audius?
It is believed that Audius has a positive future due to its strong fundamentals, since it is one of the few cryptocurrencies that are based on disruptive technologies that can completely change the music industry and already have over 5 million active users. Do these arguments justify the purchase of Audius?
In the following Audius analysis, all the essential information about the Audius token is presented, as well as a forecast for the token and a list of the top Audius wallets.
What is Audius?
Audio is the leading decentralized music streaming platform with over 5 million monthly users. Most importantly, it is intended to compensate for the shortcomings of the current music industry and to revolutionize it by giving artists full access to the works they publish as well as almost 100% of the proceeds from marketing and sales - a first for the music industry, which has so far been dominated by many middlemen and record companies.
Audius token (AUDIO) is helpful in advancing the change in the industry, on the one hand ensuring the smooth functioning of the platform, and on the other hand allowing users to directly support their desired artists. You must first purchase Audius if you wish to listen to the works of your favorite artists, then subscribe to or download music similar to Spotify.
|Developer of Audius||Audius, Inc.|
|Audius headquarters||California, United States|
|Audius Founder||Roneil Rumburg and Forrest Browning|
|Maximum supply audio tokens||1 billion|
|Current circulation supply (March 2022)||617 million|
|Annual Inflation Audio Tokens||7%|
Audius is a relatively new company, having been founded only in 2018. In 2020, the platform was launched and immediately reached 500,000 users. Users have increased tenfold since then. Meanwhile, Audius has been able to attract large venture capital firms, which is indicative of the potential of Audius and the Audius token. Audius has received investments from Binance Labs and Coinbase Ventures, among others.
Based in Los Angeles and San Francisco, California, Audius and the Audius cryptocurrency are music streaming platforms. Due to its more than 5 million active monthly users, Audius is one of the most successful apps in the entire crypto sector - no wonder, since Audius is preparing to revolutionize the music industry. 67% of the audio tokens are currently in circulation, with a maximum supply of 1 billion coins.
How does Audius work?
Audius is a blockchain-based music service originally built on the POA network but currently running on the Solana blockchain.
Audius does not charge based on the number of tracks played. Furthermore, the community ensures automatic quality control to prevent the posting of copyrighted materials on Audius. Users are also well advised to purchase and stake Audius, as this does not only influence the future of the protocol, but also ensures the stability, security, and quality of the platform.
What makes Audius special?
By staking audio tokens on Audius, you are not only able to download songs and works from your favorite artists, but also participate in their success. If you choose to purchase Audius, you will gain twice: from the price gain of the Audius Coin as well as the income generated by crypto staking.
Additionally, Audius offers artists completely new opportunities for self-marketing that were previously only available through record companies and other intermediaries. The Audius platform, for example, can accommodate bonus tracks or unplugged versions, which can then be monetized on a per-song basis. Additionally, artists can create their own content nodes so they retain complete control over their work - something that was previously unimaginable in the traditional music industry.
With Audius, it will also be possible to provide fans with exclusive content that can be viewed only by fans with a certain level of loyalty, which is determined by Audius stakes. These may include behind-the-scenes impressions, unique video content, backstage passes, or face-to-face meetings.
How to buy
How to buy audius
Estimated Total Time
What is necessary:
Tool: A cryptocurrency market.
Compare Cryptocurrency Markets
Sign up for an exchange that offers audius in one or more cryptocurrency pairings. Compare exchanges when buying audius to find the lowest fees and the latest exchange rates. Note: Some exchanges require your full name, contact information, and ID before allowing you to trade.
Create an account
You must verify your identity and email address before setting up an account with an exchange. Have your ID and phone handy.
You can buy audius directly with dollars, euros, pounds or any other currency of your choice if your exchange supports audius. Some exchanges charge commission fees based on the amount of audius you purchase, so be aware of fees before you make a payment. Credit card payments are usually the most expensive method of payment.
Identify the currency you wish to trade on your chosen exchange. Go to the markets section. Click on the buy audius section and enter the amount of the paired cryptocurrency you wish to spend or the amount of the audius you wish to purchase. Note: Before completing the transaction, carefully review the transaction details, including the amount of audius you purchased and the total cost of your trade.
Where to buy
|Uniswap (V2)||BitMart||Hotcoin Global|
|WazirX||Nominex||BtcTurk | Pro|
What is the current circulation of Audius (AUDIO) coins?
Audius issued an initial supply of 1 billion AUDIO tokens at genesis, of which 41% were allocated to founders, 36% to investors, and 18% to network expansion. The tokens will be unlocked gradually in accordance with a vesting schedule. As a reward for node operators, the AUDIO token was launched with a 7% inflation rate. Due to AUDIO's nature as a governance token, the community can vote on the distribution of the tokens. The tokens are currently in circulation and number 719,623,350.
Can I stake Audius?
Yes, you can stake Audius.A ERC-20 token, AUDIO resides on the Ethereum blockchain, which is currently Proof of Work, but is in the process of being upgraded to a Proof of Stake consensus mechanism. The Audius network is secured by a network of node operators who have staked their AUDIO as collateral. To host their own content, artists may run their own nodes. AUDIO staked by node operators will increase the likelihood that their nodes will be used by artists and fans, enabling them to benefit from ongoing issuance and aggregated fee pools.