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Audius

What is Audius?

Audius is a music streaming protocol with a native token, AUDIO, which can be staked for access and used in governance.

Category

Token

Launch year

2020

Platform

Ethereum (ETH)

Max supply

Unlimited

Circulating supply

1,412,054,335 AUDIO (current supply)

Main use case

Staking, feature access, and governance for the Audius music streaming protocol

Tags

music, dao, ethereum-ecosystem, web3

Crypto data and labels can change over time. For important decisions, double check the latest information in the chart and official project channels.







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What is Audius (AUDIO)?

Audius is a blockchain-powered music streaming service that is trying to take over the music industry. Powered by the Audius token (AUDIO), Audius is changing the way artists and fans communicate by offering one of the most advanced music platforms. The Audius music platform is similar to popular audio streaming services such as Spotify and Soundcloud. However, Audius gives, musicians, complete control over their music and the ability to create exclusive and unique fan experiences. Using a decentralized, incentive-driven network of node operators, the platform allows artists to generate time-stamped, immutable recordings of their music. In addition, Audius is completely community-driven.

Who founded Audius?

Audius was founded in 2018 by Roneil Rumburg (CEO) and Forres Browning (CPO) in San Francisco. Roneil was most recently a co-founder of Kleiner Perkins (seed fund for startups). At KP, he was responsible for seed capital investments in Blockchain and AI companies, including Lightning Labs. Roneil studied at Stanford University and previously co-founded Backslash, a company that makes peer-to-peer payments with Bitcoin. He has also held software engineering positions at a number of venture-backed companies in Silicon Valley. Forrest is a Forbes 30 Under 30 recipient and was most recently Co-Founder of StacksWare, an enterprise data center management platform. The company provides analytics at scale for Fortune 500 clients such as VMware and Denso Automotive, and was successfully acquired in late 2017. Forrest studied at Stanford University, and has previously held various positions at a number of Silicon Valley startups & venture capital firms.

How does Audius work?

The Audius token (AUDIO) plays several important roles within the decentralized music streaming service. The AUDIO token helps maintain network security and provides access to exclusive features within the platform. In addition, the AUDIO token can be staked to secure the platform. The AUDIO token gives fans and musicians the opportunity to be part of a service where everyone can enjoy music, share it and make money! As an alternative to the popular music streaming service SoundCloud, Audius makes it easy for musicians to connect with fans in an innovative way through unique experiences and participation rewards. In addition, by discontinuing AUDIO, users receive a share of network fees, along with additional voting rights in the governance system and exclusive features as rewards for securing the network. By wagering on the AUDIO token, providers receive additional opportunities for fan discovery, features and services.

Can I earn money with Audius?

Yes, you can earn money by trading Audius (AUDIO). Buy low, sell high. Audius can be used to trade against other cryptocurrencies. Always trade responsibly. Often the price is affected by Audius news. Buy Audius at Coinmerce. Besides that, you can get passive income with Audius Earn.

Staking AUDIO in plain language

Staking usually means you lock tokens so the network can use your participation for a specific purpose. In the Audius context, CoinGecko describes staking as supporting security and feature access. Think of it like committing to participate under the protocol rules. If you stake, you may gain access to certain features or be eligible to take part in governance, depending on the current design. Staking also comes with practical risks. If the rules change, if rewards do not match expectations, or if you need liquidity quickly, staking can make it harder to react to price moves.

Governance: what token voting can mean

Governance means token holders can vote on proposals that affect the ecosystem. CoinGecko describes AUDIO as being used for governance, which suggests that participation is part of how the protocol evolves. In practice, governance can cover topics like how features work, how parameters are set, or how the community responds to changes. Governance is not risk free. Votes can be influenced by who holds tokens, and outcomes depend on the proposal quality and participation rate.

Why AUDIO is linked to Ethereum

CoinMarketCap lists Audius as operating on the Ethereum platform. This means the token is managed through smart contract technology on Ethereum. A smart contract is a program stored on the blockchain that can hold rules and execute actions when conditions are met. For tokens, that can include how transfers work and how staking or governance participation is recorded. Ethereum also has its own network conditions, like congestion and fees, which can influence how smooth on chain interactions feel. That is one reason to understand the token's infrastructure when you compare it with other crypto assets.

How to think about value for a music token

For a token like AUDIO, value is often connected to how people use the underlying platform. If more artists and listeners engage with Audius, there may be more reasons for participants to hold and stake AUDIO. Still, token price is driven by market demand and broader crypto sentiment. Even if the ecosystem is active, prices can fall if investors lose interest. A practical approach is to separate two questions. First, is the protocol being used? Second, how do markets price the token at this moment?

Main risks to keep in mind

One risk is that token utility may not translate into sustained demand. If staking participation or feature access does not attract users, the token can lose momentum. Governance is another area to watch. If governance decisions are unpopular or slow, participants may disagree on the direction. Finally, smart contract systems can be complex. Even with careful development, there can be bugs, changes in network conditions, or operational challenges that affect how features behave.

Understand Audius step by step

What is Audius?

If you want to learn about Audius, read all about it in the What is overview.

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