There are a lot of streaming services for videos and gaming and many other entertainment industry. Slowly and slowly these industries started to take up Blockchain and now have become an integral part of the crypto community itself. Audius is one such project that tackles the music streaming industry. Where Spotify and other streaming services exist, Audius includes the taste of blockchain in the whole system.
Audius is a project that allows users to distribute, monetize their content to everyone else. The project has grown a lot since its start and now boast a huge number of users.
According to the whitepaper of the project, Audius offers the following features:
- The whole ecosystem of AUDIUS is powered by stablecoins, Audio tokens, and artist tokens.
- It has a decentralized storage system to share and store audio
- A system where users, fans, creators take part in the governance system through voting.
With the Audius API people can also build their apps on top as well.
Hedgehog is a wallet based on Eth, that was created to be used in places where little or no financial assets are used. It isn’t recommended for usage where high finances are used. This include gaming or streaming services.
The native Token AUDIO
The native token of Audius is Audio that can be used for governance, staking to unlock badges and artist tokens, and for node, discovery to get rewards.
At the time of writing AUDIO stands at the price of $1.93 with a decrease of 16.01% in the last 24 hours and an overall decrease of almost 5.15% in a month. AUDIO established its ATH in May 2021 and reached a price of $4.990. The price couldn’t be held at that point and it dropped down to the bottom of $0.590 after which it showed reversal and gaining 48.11% in the next month.
AUDIO has a circulating supply of almost 411M coins and a maximum supply of almost 1.05B. It is listed on coinmarketcap at rank 109. The volume has increased by 35% in the last 24 hours. It can be exchanged on Binance, FTX, Gatie.io.
Long Term Price Prediction
Audio is one of the rarest audio streaming services using blockchain technology. Wallet Investor predicts the price of Audio to reach a level of $4.27 in a one-year plan. In five years the price of Audio is expected to reach around $12.39.