Audius, an innovative decentralized music streaming platform, enables artists to host their music for free and earn revenue without needing record label deals or intermediaries. The platform uses the AUDIO token to compensate artists and provide voting rights within its governance protocol. By leveraging blockchain technology, Audius ensures a global content node network, making music files decentralized and resistant to censorship. This article explores what Audius (AUDIO) is and how to purchase Audius (AUDIO) using TRY.
What Is Audius (AUDIO)?
Audius is designed to empower both fans and creators by offering a decentralized music streaming platform. Unlike traditional music platforms, Audius allows artists to upload their music for free and start earning revenue without needing label deals or middlemen. It provides a platform for established and emerging artists to upload their music, access streaming metrics, and build a following with fewer financial barriers compared to other services.
The platform’s native cryptocurrency, known as AUDIO, is crucial for its operations. AUDIO is an ERC-20 token, with a wrapped version available on other blockchain networks like Solana. It is used to compensate artists for their creative works published on the platform. Additionally, AUDIO token holders can stake their tokens to operate nodes, participate in network fee sharing, and increase the visibility of their content. Artists can also unlock unique badges and gain voting rights within the Audius governance protocol using AUDIO.
How Does Audius Work?
Audius operates through a desktop and mobile application, offering familiar features like playlist creation, genre browsing, and checking trending songs and artists. Artists can customize their homepage with tracks, albums, and playlists, and even showcase collected or created NFTs. What sets Audius apart from centralized streaming platforms like Spotify and Tidal is its use of a global content node network instead of a central server. These content nodes use blockchain technology to store copies of music files globally on multiple computers, indexed on AudSP, a decentralized file system based on the InterPlanetary File System (IPFS). This setup gives artists more control over their music distribution.
Key Insights and Recommendations
- Audius enables artists to earn revenue directly without intermediaries.
- AUDIO token facilitates compensation and governance within the platform.
- The platform leverages blockchain technology for decentralized and censorship-resistant music distribution.
- Artists can enhance their visibility and earn unique badges by staking AUDIO.
TRY ile Audius (AUDIO) Nasıl Alınır?
Binance TR is the most suitable cryptocurrency exchange for investors in Turkey looking to purchase Audius (AUDIO). On Binance TR, you can quickly create an account and trade over 100 cryptocurrencies, including AUDIO. To buy Audius (AUDIO) with TRY on Binance TR, follow these steps:
First, go to trbinance.com and create an account by providing basic information such as email, phone number, name, birth date, nationality, and ID number. After verifying your information through email/SMS, proceed to the next step of identity verification (KYC). This security procedure protects both the user and the exchange. Complete the KYC process by following the instructions on the website, using your phone to upload the required documents and take a selfie for verification.
Once your identity is verified, you can deposit TRY into your Binance TR account from any bank. For seamless transactions, use Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, or Türkiye Finans. For other banks, use the FAST system for deposits up to 50,000 TRY at any time. To deposit funds, click on “Wallet” on the Binance TR homepage and select “Deposit.” Choose your preferred bank and follow the on-screen instructions to complete the transfer.
To purchase AUDIO with TRY, click on “Buy-Sell” on the Binance TR website, search for AUDIO/TRY, and enter the price and amount of AUDIO you want to buy. Complete the purchase by clicking the “Buy AUDIO” button. The funds will be automatically reflected in your Binance TR wallet after the transaction is completed.
Audius leverages blockchain technology to offer a decentralized, artist-friendly alternative to traditional music streaming services. Its innovative approach allows artists to retain control over their music, earn fair compensation, and directly engage with their audience.