Audius Price (AUDIO)

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.

The protocol consists of:

• Discovery nodes that index the Audius content ledger and provide an easily query-able interface for retrieving metadata;
• Content nodes to host content and permission access to content on behalf of artists;
• Content ledger as a single source of truth for all data accessible within the Audius protocol, anchoring references to content hosted by content nodes;

AUDIO is the native utility token for:

• Participating in protocol governance voting
• Staking for running discovery or content nodes so users will get a share of network fees
• Staking to unlock features like artist tokens and badges and receive voting power from fans