Audius Coin (AUDIO) is a decentralized music sharing platform aimed at facilitating direct interaction between artists and listeners. Users and artists on this platform can share the music they want in a decentralized manner or start live broadcasts. AUDIO, which has recently entered the cryptocurrency sector, has made significant progress in a short time.
The Audius protocol is formed by the convergence of different structures. Discovery nodes enable easy discovery of content and preservation of metadata, while content nodes directly carry out content streams and represent artists in decentralized copyright claims through smart contracts.
The content wallet serves as the single source for access to all data within the Audius protocol. It includes references to various contents and information about the activities generated by the content nodes.
AUDIO Coin can be used for protocol voting participation, staking, earning income from transaction fees in the network, and staking new features such as artist tokens. As of the date this article was written, AUDIO is ranked 439th with a total market value of 43 million dollars, a unit price of 0.3629 dollars, a 24-hour volume of 1.5 million dollars, and a total supply of 1 billion units. However, the circulating supply is limited to only 120 million units.
AUDIO Coin was first launched on Uniswap and quickly made its way to Binance, the world’s largest cryptocurrency exchange. It is possible to purchase AUDIO Coin on Binance through three different trading pairs. Looking at the volume on Binance, the highest volume is seen in the AUDIO/USDT trading pair. Investors can become owners of AUDIO by directly sending USDT or purchasing USDT there. Using Binance will provide users with additional liquidity and security.