$AUDIO cryptocurrency token associated with Audius, a decentralized music streaming platform that aims to give musicians more control over their music distribution and earnings. Built on blockchain technology, Audius allows artists to upload their music and connect directly with listeners, bypassing traditional intermediaries like record labels. The $AUDIO token is the native utility token of the platform and is used for governance, staking, and rewarding creators and curators.
Some of the primary uses of $AUDIO include:
Staking: To secure the network and ensure high-quality content, users can stake tokens.
Governance: Token holders can vote on protocol changes, giving them a say in the future development of the platform.
Rewards: Artists and curators are rewarded withfor contributing content and helping grow the ecosystem.