Audius (AUDIO)
A Decentralized Music-sharing and Streaming Protocol.- Audius is a decentralized music-sharing and streaming protocol that facilitates direct transactions between listeners and creators, giving everyone the freedom to distribute, monetize, and stream any audio content.
- AUDIO is the native utility token of the network and it is used for the following:
- Staking for running discovery or content nodes so users will get a higher probability of fan discovery and a share of network fees;
- Staking to unlock exclusive features and services like artist tokens and badges, and receive voting power from fans who want to share in their success;
- Participating in protocol governance voting to shape future iterations of the protocol.
- The protocol consists of the following major components working in conjunction:
- Content nodes: A user-operated network of nodes to host content and permission access to content on behalf of artists;
- Content ledger: A single source of truth for all data accessible within the Audius protocol, anchoring references to content hosted by content nodes;
- Discovery nodes: A user-operated network of nodes that index the Audius content ledger and provide an easily query-able interface for retrieving metadata;
- Audius launched its mainnet in October 2020, with 1 billion AUDIO tokens minted and approximately distributed as follows:
- Airdrop: 55MM AUDIO (5.50%)
- Foundation Treasury: 180MM AUDIO (18.00%)
- Team and Advisors: 405MM AUDIO (40.50%)
- Investors: 360MM AUDIO (36.00%)