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info_docs_depin/docs/depin_specs/miscellaneous_depin_projects/audius.md
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Audius Detailed information about Audius 3

Audius

Overview

Audius is a decentralized music streaming platform that allows artists to share their music directly with fans. It leverages blockchain technology to create a more transparent and fair music streaming solution.

Key Features

  • Currency: AUDIO (Audius Token)
  • Buying Currency: Available on exchanges like Binance and Coinbase.
  • Utility:
    • Used for network transactions and incentivizing music streaming.
    • Staking rewards for network validators.
  • Automation:
    • Smart contracts automate music streaming and payment processing.
  • Utility in the Project:
    • Users can earn AUDIO by streaming and sharing music.
    • Validators can stake AUDIO to secure the network and earn rewards.
  • API: Yes, Audius provides an API for developers to integrate with their applications.
  • User Perspective:
    • Users can easily stream and share music and earn AUDIO tokens.

How It Works

  1. Step 1: Artists upload their music to the Audius platform.
  2. Step 2: Fans stream the music and interact with the platform.
  3. Step 3: Users earn AUDIO tokens based on their participation in the platform.

Staking

  • Staking Requirements: Minimum of 10,000 AUDIO tokens to become a validator.
  • Rewards: Validators earn a percentage of transaction fees and block rewards.

Documentation

For detailed documentation, visit Audius Docs.

Additional Resources