Audius logo
Audius
AUDIO
$0.23

Sector

Streaming

Exchange Debut

2020-10-30

Market Cap

269,232,326

Maxim Supply

1,206,767,357

Circulating Supply

1,195,882,684

Circ. Supply(%)

99.10%
Audius logo

Audius

AUDIO

Price

$0.23

Market Cap

Sector

Exchange Debut

269,232,326
2020-10-30

Volume 24h

High 24h

Low 24h

9662610
0.241073948951
0.223496749698

Change 24h

Change 7d

Change 30d

-2.0054
11.9696
19.7942

Maxim supply

Circulating supply

Circulating supply(%)

1,206,767,357
1,195,882,684
99.10%

The opinion of artificial intelligence (AI), based on the fundamental analysis of the Audius – AUDIO cryptocurrency:

The fundamental analysis of the Audius – AUDIO cryptocurrency reveals an innovative decentralized music streaming protocol designed to reform the conventional music industry. Originally constructed on the POA network and currently thriving on Solana, Audius’s primary goal is to eliminate traditional music industry obstacles, particularly the intermediaries that separate artists from their audience. The platform, empowered by its native token, AUDIO, shows significant promise in fostering a direct bond between music creators and enthusiasts. Garnering a comprehensive score of 6.56 out of 10 in our analysis, Audius exhibits potential, but there remain facets that call for enhancement.

SOCIAL & MASS MEDIA: Score 6.75 out of 10

The digital footprint of Audius is undeniably significant in the realm of social media, demonstrated by its stellar administrator activity, earning a score of 8.50. Their prowess in captivating followers is marked by a 7.50 rating. Yet, a stark contrast is seen in the realm of community activity, indicating a potential area for refining engagement tactics. Their media presence, combined with their expansive chat group communities, solidify their influential stature in this sector.

AUDIT & SECURITY: Score 6.23 out of 10

Audius’s performance in audit and security highlights transparency and liquidity as its mainstays. Nonetheless, the audit results, a crucial component for blockchain ventures, pinpoint areas needing betterment. Strengthening their security apparatus would indubitably enhance stakeholders’ faith in the platform.

TOKENOMICS: Score 4.85 out of 10

Diving into the fundamental analysis of the Audius – AUDIO cryptocurrency in the tokenomics aspect, the project appears to grapple with concerns regarding inflation, indicated by a score of 3.00. The centralization of its monetary mass also garners a mediocre score, suggesting that a more decentralized approach might benefit its ecosystem.

ECOSYSTEM DEVELOPMENT: Score 6.20 out of 10

Consistency marks Audius’s stride in ecosystem development, as mirrored by its scores in the achievement of objectives and plans for future developments, both standing at 6.00. To escalate its market position, innovating and integrating cutting-edge features might prove fruitful.

TEAM & DEVELOPERS: Score 7.70 out of 10

One of Audius’s hallmarks is its team, particularly spotlighted by their experience, which draws an 8.00 rating. However, the number of software developers, essential for tech-intensive projects like this, suggests there might be room to amplify their ranks for optimal results.

PRODUCT & UTILITY: Score 7.20 out of 10

The utility of both the product and the AUDIO token in its ecosystem underscores its practicality in the real world, hinting at its potential to revolutionize the music streaming landscape.

PARTNERS & INVESTORS: Score 7.50 out of 10

Investors and partners play a pivotal role in any project’s success. Audius doesn’t fall short, showcased by the equal scores for the quality and number of both its investors and partners. This could be indicative of the trust and potential collaborations that could steer Audius towards greater heights.

Fundamental analysis of the Audius – AUDIO cryptocurrency – The final conclusion

The fundamental analysis of the Audius – AUDIO cryptocurrency presents a mixed bag. While the project boasts several strong suits like team experience and partner quality, certain areas, especially tokenomics, warrant attention. Investors keen on diving into Audius should weigh its strong social media presence and promising product utility against the concerns in tokenomics and security audits. In essence, while Audius offers a unique solution in the music industry, potential investors should tread with caution, constantly monitoring developments and updates from the platform.

What is Audius – AUDIO?

Audius – A New Paradigm in Music Streaming

Audius is a decentralized music streaming protocol now residing on Solana. Its core mission is addressing the current problems in the music industry, namely opaque music rights and intermediaries that separate artists from their listeners. The ecosystem is designed with artists, fans, content nodes, and discovery nodes as key participants.

How Audius Benefits Artists and Fans

At its core, the Audius platform allows artists to publish their content on its content ledger freely, offering high-quality music streaming at 320kbps. Without the constraints of traditional copyright systems, artists have more freedom, though the platform is developing a community-overseen arbitration system. Popular artists can receive token rewards, enhancing the incentive to contribute to the platform. On the other hand, fans can enjoy free music, and they might soon have the opportunity to stake the platform’s native AUDIO token to support their favorite artists.

Content and Discovery in Audius

Content nodes play a critical role by ensuring content remains available on AudSP, an extension of IPFS. These nodes store music, making sure fans can access it whenever they wish. Discovery nodes, conversely, help fans discover new music, functioning as a content registry.

In the broader scope, the fundamental analysis of the Audius – AUDIO cryptocurrency points to a platform keen on revolutionizing music streaming by leveraging decentralized technologies, rewarding both artists and listeners in the process. The planned integration of artist tokens and the potential for paid content creates a promising ecosystem for music enthusiasts and creators alike.

Fundamental analysis of the Audius - AUDIO cryptocurrency

Audius - AUDIO performance

GENERAL CRITERIA:

Score

SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

Go to Methodology

Content description

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

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