Audius
AUDIO
Crypto
Governance
USD 0.034+0.80%
Audius
UMushroom community rating:
About
Governance
Categoryn/a
Consensus MechanismL2
L1/L2n/a
Sub-cateegoryethereum
Ecosystem2020
Year of creation
Description
Audius (AUDIO) is a Governance crypto token. Audius was founded on 2020-10-20 on the ETHEREUM ecosystem. More information can be found at https://audius.co/.
Key Technical Advantages:
Token Economy: The Audius protocol is powered by the Audius platform token ($AUDIO). It also uses third-party stablecoins and artist tokens. The AUDIO token is used for security, feature access, and governance. Artists, node operators, and fans stake AUDIO tokens to participate in governance, access features, and provide security. Decentralized Storage and Ledger: Audius uses a decentralized storage solution for sharing audio and metadata. This includes Content Nodes, which host and manage access to the content, and a Content Ledger, which serves as a single source of truth for all data accessible within the Audius protocol. Track Encryption and Access Mechanism: Audius uses a unique track encryption scheme paired with a programmable mechanism to unlock user-specific proxy re-encryption keys for content. This ensures the secure distribution and streaming of music. Discovery Protocol: Audius employs a Discovery Protocol operated by Discovery Nodes. These nodes index the Audius content ledger and provide an easily queryable interface for retrieving metadata. This enables users to efficiently find and stream music. Decentralized Governance Protocol: Audius operates a decentralized governance protocol, which enfranchises artists, node operators, and fans in decision making about protocol changes and upgrades. This ensures that the platform is continually shaped and improved by the people who use it. Content summarized by AI chatbotSource:
Key figures
-78.9%1Y
-77.8%3Y
-71.7%5Y
Performance
0/ 01D
0/ 01M
0/ 01Y
Highs/ Lows
13.09.2022
USD 4.03
All Time High
0.85%
% of All Time High
-99.20%All Time
-86.42%1 year
Max drawdown
#473
Ranking by Market Cap
46.94 M
Market cap (USD)
0.00%
% of Market
19.693 B
Category Market Cap (USD)
0.24%
% of Category
1374800069
Circulating Supply
1374800069
Liquid Supply
100.00%
Liquid/ Circulating Supply
N/A
Not Available Currently
Max Supply
N/A
Not Available Currently
Circulating/ Max Supply
3086588
Volume Traded
13.74%
Volume Traded/ Market Cap
Ratings & reviews
Performance:
0.00
Innovation:
0.00
Society:
0.00
Nature:
0.00
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