- Category: Ethereum Ecosystem
- Coin Launched: September, 2019
- Resources: White Paper
- Official Website: Audius
- Reddit: Audius
Audius History / Information / Buying / Staking
The mission of the Audius project is to give everyone the freedom to distribute, monetize, and stream any audio content. The Audius protocol brings artists, node operators, and fans together in an incentive-aligned way, allowing these actors to collectively provide a high-quality audio streaming experience guided by the foundational beliefs that: Users should be compensated in proportion to how much value they create for the network Artists should directly engage with and transact with their fans Governance power should be earned by creating value in Audius, and shared consistently between user groups contributing to the protocol Prices and earnings for participants should be consistent, predictable, and transparent Access should be democratized; anyone can contribute to Audius if they follow the protocol rules, and all information is publicly accessible Intermediaries should be removed when possible; when necessary, they should be algorithmic, transparent, and verifiably accurate
HOW AUDIUS WORKS
Audius removes the middlemen in the traditional music industry by connecting artists directly to their fans. Artists have the sole ownership of their music and can decide how to monetize them on the platform. They can distribute their music free of charge or set custom fees for fans to unlock exclusive content.
BENEFITS OF USING AUDIUS
Some of the benefits of using Audius are:
At 302kbps, Audius boasts the highest audio quality out of any free music streaming platform.
The platform is censorship-resistant, which means music cannot be blocked or banned.
There are various use-cases for the native token. More uses of the token create more demand, driving up the prices for it.
CAN YOU STAKE AUDIUS
Staking is avialable on Audius as a reward for servicing the network, node operators stand to earn $AUDIO through the automatic on-chain issuance, or the ongoing creation of new tokens distributed to value-added actors. Those who stake more $AUDIO stand to earn a larger portion of issuance in exchange for securing the network.
COINS SIMILAR TO AUDIUS
Audius's top competitors include DistroKid, Corite, Larala.com and Mixhalo.