Audius Coin is the native cryptocurrency of the Audius platform and serves as a utility token. The Audius platform is a decentralized music sharing and streaming protocol that facilitates direct transactions between listeners and musicians, offering everyone the freedom to distribute, earn from, and publish any sound content.
Audius defines itself as “a brand-new broadcast platform created not just for those dealing with record companies but for all musicians.”
What is AUDIO Coin?
AUDIO Coin is a utility token. Holders of Audius (AUDIO) coin can participate in protocol governance votes. Additionally, Audius coin allows users to stake for operating discovery or content nodes to earn a share of network fees. Furthermore, staking also enables unlocking features like artist tokens and badges and gaining voting power from fans through Audius (AUDIO).
On the other hand, the Audius platform offers its users the opportunity to record in very high quality. Audius provides crystal clear streaming at 320kbps, claiming to offer higher sound quality than any free music platform.
Also, it’s stated that the Audius platform is completely and always free. It’s mentioned that upload processes, control panels, and all other tools on the platform are free of charge.
Another key feature of the platform lies in its resistance to censorship. According to statements, users’ content is not censored or deleted in any way.
In addition, with Audius, artists can create immutable and timestamped records secured by a decentralized network of node operators for their creative works. Users can unlock premium features for curated interaction using the AUDIO native platform token. From artist tokens to remix contests, Audius aims to give fans the recognition they deserve.
As a platform owned and operated by its users, the future of Audius is entirely directed by AUDIO governance. It’s stated that everything about Audius can be managed, and the voting weight is directly associated with AUDIO staked for value-added services.
In addition, it’s beneficial to look at the current figures for more detailed information about AUDIO.
At the time of preparing this article for publication, the audius coin, trading at $0.1004 and at 0.00000639 BTC against Bitcoin. According to CoinMarketCap, Audius (AUDIO), ranked 449th with a trading volume of $12,048,143, has a 24-hour trading volume of $248,857.
Additionally, the audius coin reached its lowest level on November 3, 2020, at $0.0777, and its record level on October 23, 2020, at $0.5308. Also, there are currently 120,000,000 Audius (AUDIO) in circulation, and it’s targeted to reach 1,000,000,000 AUDIO.
AUDIO Coin Review
Audio coin seems to have attracted attention, especially after being listed on Binance. After the Binance listing, an increase in prices and purchases is observed. Looking at the charts, it’s stated that although Audius (AUDIO) token is not as high in value as its initial release, it’s trading at a good level.
Furthermore, users believe the platform is promising, especially for its resistance to censorship.