What is Audius?
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