Audius (AUDIO)

With the rise of music streaming platforms, listening to music has become more accessible than ever. However, artists have always faced challenges in the traditional music industry, such as low income, little transparency, and difficulty controlling their products in how they are distributed or sold. contents. Audius aims to address these challenges by empowering music creators and helping them monetize their content through the AUDIO native cryptocurrency.

What is Audius?

Audius (AUDIO) is an online music sharing protocol that connects listeners directly with composers, giving everyone the freedom to publish, manage and trade audio content.

AUDIO is an ERC-20 token, which also serves as a governance token on Audius. Owners can contribute to AUDIO to help secure the network, participate in the management of Audius, and access exclusive content. Users can also get AUDIO rewards from staking.

Outstanding features

What is the project trying to achieve?

Audius aims to solve the challenges faced by artists in the music industry, including music rights, royalties, and property rights, by giving everyone the freedom to distribute, monetize, and play. music online. The project also eliminates layers of intermediaries between artists and their audience, allowing them to interact directly on the platform.

 

Unlike traditional channels in the music industry, Audius does not pay artists for the number of times their tracks are played. The project looks at artists' activity on the platform, how they interact with fans and overall engagement from users.

On Audius, artists can upload and distribute their songs using decentralized nodes. There are several ways for artists to earn income from their audio content without sacrificing ownership. Artists can also get AUDIO by entering the Weekly Top 5 Trending Tracks, Weekly Top 5 Trending Playlists, Top 10 Monthly API Apps, and uploading the first track after verifying social media accounts.

Audius also allows artists to interact with their community through artist tokens. Artist tokens give holders exclusive access to token-restricted content, such as unreleased tracks, remix contests, and more. From time to time, Audius plans to give out AUDIO tokens to artists based on their social interaction with fans and listener numbers.

In the future, Audius plans to add support for USDT and other stablecoins so fans can unlock paid content.

What is unique selling point?

Users can listen to music with the highest music quality for a free platform. Anyone can post and develop products on Audius without being controlled, no organization or individual can ban or remove the product.

Audius has 3 forms of tokens:

• Native token: AUDIO is the token of Audius.
• Stablecoin: Currently not available, but in the future, it may be a 3rd party stablecoin, used to unlock paid services on Audius.
• Artist tokens: These tokens are unique to each artist, and fans who hold these tokens will have certain special rights. And to do this, artists must hold an AUDIO.

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