From the name, you can guess that it has to do with music. It is a decentralized music streaming platform that was initially built on POA network but now running on the Solana Chain.
With Audius, individuals can now stream music with the option to monetize and distribute their audio content. It takes the love of music and sounds to the next level and brings together the interests of fans, node operators, and artists.
On this platform, musicians and musical creatives can upload music or any audio sound and store them. This is done by discovery nodes and content distributed in the platform to enable users to listen to audio files for free.
Audius eliminates the need for a middleman or third party because the platform links artists directly to their fans. Artists and creatives in the platform have total ownership of their content and are free to monetize them however they want to. They can make their content free, or they could put a price on exclusive content so that customers have to pay to listen to them.
The AUDIO token can be used for transactions on the platform.
Who are the Founders of Audius (AUDIO)?
Audius was founded sometime in 2018 by two intelligent entrepreneurs, Roneil Ramburg and Forrest Browning.
Roneil is an innovative and accomplished Stanford Alumni who also co-founded a company that deals with investing in blockchain and AI firms.
Whereas, Forrest Browning is a well-known and accomplished individual who appeared in Forbes 30 under 30. Forrest is also the founder of Stackware, a platform for data center management.
What is Audius (AUDIO) Used for?
The major use of Audius is to connect musical creatives so that they can create, distribute, share, stream and monetize audio content. This is done with the distribution nodes built into the system.
Audius is quite similar to music streaming platforms like Spotify, Apple Music, etc. It is a platform where upcoming creatives can share what they have to and connect with their faithful fans. It also gives musical creatives different ways to make good money without their ownership and trademark altered.
What is the Unique Point of Audius (AUDIO)?
There are many unique points Audius has, but the most significant one is the flexibility of the platform and its dynamism when it comes to sharing and transactions.
The major participants on the platform are the fans, artists, content nodes, and discovery nodes.
Audios also give creatives and artists the chance to participate in reward schemes with AUDIO tokens airdropped to popular artists.
Fans can stream music for free, and if they want to take their love to the next level by staking AUDIO coins to boost their favorite artists’ growth and reputation on the platform. Fans can earn reward badges on the platform by showing off their verified NFTs.
Discovery nodes, just like the name implies, permit users to know about new music content, and it acts as a registry.
How Many Audius (AUDIO) are in Circulation?
Audius (AUDIO) tokens run on the Solana blockchain and have a circulating supply of 620,805,326 AUDIO coins.
Is the Audius (AUDIO) Network Secured?
The Audius team recently announced that they have chosen to migrate to Solana from the POA network. The team explained the reasons they chose to migrate to Solana, including their belief in its transparency. They also mentioned that it was important that users across the globe were able to join the platform and stake AUDIO tokens on a decentralized blockchain. They believe that with Solana, they can enhance their existing economics while improving their platform’s performance in transaction speed, as well as lowering costs significantly via staking. Audius is a global community with over 1 million users on their active platform so it was important for them to find an appropriate blockchain solution.
How do I buy Audius (AUDIO)?
The Audius platform revolutionizes the way individuals, artists, and brands monetize their content. It is a community-based solution for paid content distribution, which offers creators an insight into the world of blockchain technology without compromising ethics. All of this is made possible with AUDIO token transactions on the Solana network. Expectedly, this has been the reason several new participants have jumped on the network and now its tokens are available on several exchanges and can be purchased by the procedure below.
* create an account with the crypto trading platform or log in if already registered.
* Deposit a specific amount of fiat money to the crypto account.
* Buy your AUDIO tokens.
Which Cryptocurrency Wallet Supports Audius (AUDIO)?
The PTPWallet platform supports many cryptocurrencies simultaneously such as Audius token (AUDIO). Because of its vast use case, it has grown to become one of the most used platforms as it serves as an exchange and an engine to discover other cryptocurrencies. Additionally, users can easily use PTPWallet as their AUDIO wallet because it offers a simple and interactive interface making it easy for people to navigate its system.