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Ethereum NFT

What is AUDIO token used for?

Audius is a protocol to generate immutable and timestamped records for creative works. Audius is secured by a decentralized network of node operators.

What is AUDIO


AUDIO is the utility and governance token of Audius.

AUDIO token is used for


  • Staking to secure the network
  • Unlock features
  • Governance

How could value accrue to AUDIO token?


Potential of future protocol fees.

Holding

  • Unlock features

Remove supply

  • Staking for features
  • Staking for nodes operators

What is Audius?


Audius is a protocol to generate immutable and timestamped records for creative works. Audius is secured by a decentralized network of node operators.

How AUDIO works


Artists, fans, and node operators together provide music streaming for users without centralized infrastructure.

  • AUDIO token, Arist tokens and stablecoins
  • Content operators – host the streamed content
  • Content ledger – source of truth for the platform.
  • Discovery nodes – User operated nodes that index and query the Audius content ledger
  • Governance – Change and manage parameters and functions of the platform

This is similiar to how GRT works. See the workflow here.

Node operators must stake Audius tokens for their discovery node or content node. Larger stake correlates to a higher probability of being chosen by fan clients.

Node operators receive

  • Direct upside in the form of AUDIO tokens
  • The possibility for future protocol fees for

The protocol requires user facing clients for:

  • Upload
  • Discoverability
  • Streaming
  • Social features

Audius.co is just the teams implementation of the open source protocol.

AUDIO issuance


Total supply: 1 017 293 279 Tokens

  • AUDIOdrop: 55M
  • Foundation Treasury: 178M
  • Team & Advisors: 406M
  • Investors: 360M

Audius has a 7% annual issuance rate.

120M $AUDIO will be in circulation at genesis.

Read more here. See issuance graphics here.

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AUDIO token price


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