Buy Audius

Audius is a decentralized music streaming platform built on the Solana blockchain. The platform enables direct interactions between artists and fans, while ensuring that artists retain full control and rights over their audio content. This solves the problem of traditional streaming services, where artists often only receive a small share of the revenue. Audius offers a fairer revenue model for artists, where they receive 90% of the revenue, with the remaining 10% going to AUDIO staking nodes to ensure the security and operation of the network.

Audius’ AUDIO token plays a vital role on the platform. AUDIO is used for staking, rewards, and governance. Token holders have the ability to vote on changes and proposals within the network. In addition to decentralization in the music industry, Audius itself also uses a decentralized and democratic governance model.

Who are the founders of Audius?

Forest Browning and Roneil Rumburg are the founders of Audius. Both entrepreneurs come from California and studied at Stanford University. Before launching Audius in 2018, they had already gained experience in various technology and blockchain projects. The team behind Audius consists of more than 21 employees and the project is supported by well-known names such as deadmau5, Adam Goldberg and Bing Gordon.

Audius has several functions and can be used in the following ways:

• Music streaming: Audius allows artists to present their music directly to fans without intermediaries, creating an immediate and personalized music experience.
• Content storage: Audius offers artists the ability to store and share their audio content in a decentralized manner, without losing control and rights over their work.
• Artist revenue: On Audius, artists can earn a fairer share of the revenue generated, making the platform attractive compared to traditional streaming services.
• Decentralized governance: Users who stake AUDIO tokens have a say in the future of the platform. They can vote on proposals and changes.

Audius uses blockchain technology to decentralize music streaming. It was initially built on POA Network, an Ethereum sidechain, but due to strong growth, it was moved to the Solana blockchain in 2020.

Because Audius runs on the blockchain, artists can offer their music without the intervention of third parties. Everything is done automatically via smart contracts. The ecosystem consists of four parties: artists, fans, content nodes and discovery nodes.

Content nodes and discovery nodes

All artists can publish their music for free on the Audius content ledger. Music on the ledger is streamed at 320 kbps, comparable to traditional streaming platforms such as Spotify and Apple Music.

Content nodes store, secure, and manage artists’ content. Artists can also set up a content node themselves to manage their own music. Discovery nodes index all music and related data, allowing users to quickly search for music or artists.

Earnings for artists

Artists are not only paid based on the number of plays of their music. Their activity on the platform, such as interaction with fans, also plays a role in the amount of AUDIO tokens they earn. Artists can earn AUDIO in different ways. They receive tokens when their songs appear in the Top 5 Weekly Trending Track, Top 5 Weekly Trending Playlist or Top 10 Monthly API App, and when they publish their first song after verifying all their social media accounts.

Audius also supports the issuance of special artist tokens. These are fan tokens that artists can issue to reward their fans. Token holders get exclusive access to content that is only intended for holders of the artist tokens.

Audius differentiates itself from traditional streaming services and many other crypto and blockchain projects in several ways. These are the features that make Audius unique:

• Decentralized music streaming: Unlike popular streaming platforms like Spotify and Apple Music, Audius decentralizes music streaming.
• Direct interaction between artists and fans: Audius eliminates middlemen, allowing fans to connect directly with their favorite artists.
• Extra benefits for fans: Artists can release artist tokens, which give real fans access to exclusive content.
• Transparent payment structure: Compared to traditional streaming services, artists receive a fair share of revenue.

What is the difference between Audio and other streaming services?

The main difference between Audius and other streaming services is that Audius is completely decentralized, while traditional streaming services operate from a central party. By using blockchain technology and eliminating intermediaries, artists can directly publish their work on the platform and share it with their fans.

Another difference is the rewards artists receive, with artists receiving up to 90% of the revenue, while with many traditional services they only receive 12%.

Thirdly, Audius is governed by its users; Artists, users and AUDIO stakers each have their own say in the future of the platform. With traditional streaming services, this say lies entirely with the central board.

The AUDIO token is an ERC-20 token and plays an important role in the Audius ecosystem. It is used to secure the network through staking, as a governance token, and for access to exclusive content. Artists receive 90% of the revenue as a reward, while the remaining 10% goes to the nodes that stake AUDIO to secure the network and store music safely.

Artists have the opportunity to issue artist tokens by staking AUDIO tokens themselves. Holders of these artist tokens gain access to exclusive content. All token holders can also stake their AUDIO to vote on changes and proposals, thereby influencing the future of the platform.

Staking of AUDIO tokens is a process where users stake their tokens to contribute to the operation of the platform and receive rewards. Only by staking AUDIO can users contribute as a content node or discovery node to the network. As a reward for this contribution, they receive additional AUDIO tokens.

Anyone can submit feedback or proposals regarding Audius, but only stakers have the right to vote on these proposals and changes. In other words, those who guarantee the operation of the platform have a say in the governance of Audius.

Audius can be purchased at Bitvavo, which is accessible to both novice and experienced investors. AUDIO coins can be purchased on our website or mobile app by following the steps below:

1. Log in to your Bitvavo account or register as a new user.
2. Make a deposit by clicking "Deposit".
3. Head to the Audius purchase page.
4. Enter the Euro amount you wish to invest or the number of AUDIO tokens you want to buy and confirm with "Buy".

The total purchase price depends on the current market value. Once the purchase is complete, your Audius tokens will be automatically added to your Bitvavo account, where you can also easily manage and sell your tokens. This allows investors to quickly respond to market movements and price changes.

Store your Audius tokens safely within your Bitvavo account, where the majority of customer funds are protected in offline cold wallets for optimal security. It is recommended to activate two-factor authentication (2FA) for additional security of your Bitvavo account.

If you prefer personal storage, Audius tokens are supported by most software and hardware wallets. You can purchase AUDIO and then transfer to an external wallet by adding your wallet address to your account. This gives you complete control over your digital assets.