Difference between revisions of "Audius (AUDIO)"
m (1 revision imported) |
m |
||
| (3 intermediate revisions by the same user not shown) | |||
| Line 1: | Line 1: | ||
== | [https://www.coindesk.com/audius-solana-ethereum From] [[CoinDesk]] (29-10-2020): | ||
"''Audius occupies a similar space to popular music players like Pandora or Spotify, but it allows artists to set their own terms. It also lets other developers make use of its underlying content."'' | |||
==Basics == | |||
* Announced on: | * Announced on: | ||
* [[Mainnet]] release: | * [[Mainnet]] release: | ||
* Based in: | * Based in: | ||
* [https:// | == History == | ||
==Audits & Exploits== | |||
*[[Bug bounty]] program can be found [insert here]. | |||
=== Bugs/Exploits=== | |||
* [https://decrypt.co/105913/how-audius-was-hacked-6m-ethereum-tokens From] [[Decrypt (DCPT)|Decrypt]] (26-7-2022): | |||
''"Audius was hacked for more than $6 million worth of AUDIO [[tokens]] over the weekend, which the attacker stole from its governance smart [[contract]]. In a [https://blog.audius.co/article/audius-governance-takeover-post-mortem-7-23-22 postmortem report] released late Sunday, the service detailed the attack and response—and noted that an undiscovered bug was exploited despite past security audits."'' | |||
== Governance == | |||
== | === DAO === | ||
=== Treasury === | |||
== Token == | == Token == | ||
=== Launch === | === Launch === | ||
* [https://thedefiant.substack.com/p/another-sign-yield-farmings-harvest From] [[The Defiant]] (27-10-2020): | * [https://thedefiant.substack.com/p/another-sign-yield-farmings-harvest From] [[The Defiant]] (27-10-2020): | ||
"''The music streaming platform with 800k active users on Friday launched its AUDIO token, distributing 50M tokens to its top 10k power users. The token was launched on Friday morning prior to being on the front page of [[Twitch]] for a [[RAC]] and deadmau5 concert. Longtime users got an average of 5k AUDIO (~$750 at publishing time) dropped in their accounts, with the most active users taking roughly 60k tokens each (~$9k at publishing time), according to a [[Medium]] post. The drop is 5% of the initial 1B token supply."'' | "''The music streaming platform with 800k active users on Friday launched its AUDIO [[token]], distributing 50M tokens to its top 10k power users. The token was launched on Friday morning prior to being on the front page of [[Twitch]] for a [[RAC]] and deadmau5 concert. Longtime users got an average of 5k AUDIO (~$750 at publishing time) dropped in their accounts, with the most active users taking roughly 60k tokens each (~$9k at publishing time), according to a [[Medium]] post. The drop is 5% of the initial 1B token supply."'' | ||
=== Token allocation === | === Token allocation === | ||
| Line 20: | Line 31: | ||
=== Utility === | === Utility === | ||
* [https://www.coindesk.com/audius-solana-ethereum From] [[CoinDesk]] (29-10-2020): | * [https://www.coindesk.com/audius-solana-ethereum From] [[CoinDesk]] (29-10-2020): | ||
"''Audius [[node]] operators and artists use the AUDIO token to [[stake]], allowing for different functions on the network. Staking and [[governance]] functionality will remain on [[Ethereum]]."'' | "''Audius [[node]] operators and artists use the AUDIO token to [[stake]], allowing for different functions on the network. [[Staking]] and [[governance]] functionality will remain on [[Ethereum]]."'' | ||
=== Token Details === | === Token Details === | ||
| Line 29: | Line 40: | ||
* Built on: [[Ethereum]] and [[Solana]] | * Built on: [[Ethereum]] and [[Solana]] | ||
=== How it works === | === How it works === | ||
=== | === Fees === | ||
=== | === Upgrades === | ||
=== Layer Two === | === Layer Two === | ||
* [https://www.coindesk.com/audius-solana-ethereum From] [[CoinDesk]] (29-10-2020): | * [https://www.coindesk.com/audius-solana-ethereum From] [[CoinDesk]] (29-10-2020): | ||
"''Audius announced Thursday it will migrate its content management system over to [[Solana]]’s high-speed [[blockchain]] from an [[Ethereum]] [[sidechain]] operated by the [https://www.poa.network/ POA Network] that runs on a set of trusted validators. Staking and [[governance]] functionality will remain on Ethereum. Audius expects the migration to happen in three phases, wrapping up in the second quarter of 2021."'' | "''Audius announced Thursday it will migrate its content management system over to [[Solana]]’s high-speed [[blockchain]] from an [[Ethereum]] [[sidechain]] operated by the [https://www.poa.network/ POA Network] that runs on a set of trusted [[validators]]. Staking and [[governance]] functionality will remain on Ethereum. Audius expects the migration to happen in three phases, wrapping up in the second quarter of 2021."'' | ||
=== Different Implementations === | === Different Implementations === | ||
=== Interoperability === | === Interoperability === | ||
=== Other Details === | === Other Details === | ||
== Oracle Method == | |||
== Oracle Method | |||
== Roadmap == | == Roadmap == | ||
* Can be found [Insert | * Can be found [Insert [[LINK|link]] here]. | ||
== Usage == | == Usage == | ||
* [https://thedefiant.substack.com/p/another-sign-yield-farmings-harvest From] [[The Defiant]] (27-10-2020): | * Hit seven million monthly users ([https://decrypt.co/110710/how-web3-music-platform-audius-hit-7-5-million-monthly-users 28-9-2022]). | ||
*[https://thedefiant.substack.com/p/another-sign-yield-farmings-harvest From] [[The Defiant]] (27-10-2020): | |||
"''The music streaming platform with 800k active users on Friday launched its AUDIO token, distributing 50M tokens to its top 10k power users. This makes it one of the most active [[blockchain]] projects, as it compares with 35k users on [[Uniswap]] and 6k users on [[Compound (COMP)|Compound Finance]], according to [[DappRadar]]."'' | "''The music streaming platform with 800k active users on Friday launched its AUDIO token, distributing 50M tokens to its top 10k power users. This makes it one of the most active [[blockchain]] projects, as it compares with 35k users on [[Uniswap]] and 6k users on [[Compound (COMP)|Compound Finance]], according to [[DappRadar]]."'' | ||
* [https://www.coindesk.com/audius-solana-ethereum From] [[CoinDesk]] (29-10-2020): | * [https://www.coindesk.com/audius-solana-ethereum From] [[CoinDesk]] (29-10-2020): | ||
| Line 61: | Line 61: | ||
=== Projects that use or built on it === | === Projects that use or built on it === | ||
== Competition == | == Competition == | ||
== Pros and Cons == | == Pros and Cons == | ||
=== Pros === | === Pros === | ||
=== Cons === | === Cons === | ||
== Team, Funding, | == Team, Funding, Partners == | ||
=== Team === | === Team === | ||
* Full team can be found [here]. | * Full team can be found [here]. | ||
| Line 71: | Line 70: | ||
=== Funding === | === Funding === | ||
* [https://www.coindesk.com/audius-solana-ethereum From] [[CoinDesk]] (29-10-2020): | * [https://www.coindesk.com/audius-solana-ethereum From] [[CoinDesk]] (29-10-2020): | ||
"''The company behind the platform has raised $9.8 million to date, according to Rumburg, over two rounds. The [https://www.coindesk.com/decentralized-music-sharing-platform-raises-5-5m-in-series-a first in 2018] was led by [[General Catalyst]] and [[Lightspeed]]; the [https://www.coindesk.com/audius-rallies-edm-artists-crypto-vcs-to-back-vision-for-music-payments-on-ethereum second] in 2020 was led by [[Multicoin Capital|Multicoin]] and [[Blockchange]]." ''Multicoin also [https://solana.com/solana-completes-20-million-raise-led-by-multicoin-capital/ invested] in [[Solana]]. | "''The company behind the platform has raised $9.8 million to date, according to Rumburg, over two rounds. The [https://www.coindesk.com/decentralized-music-sharing-platform-raises-5-5m-in-series-a first in 2018] was led by [[General Catalyst]] and [[Lightspeed]]; the [https://www.coindesk.com/audius-rallies-edm-artists-crypto-vcs-to-back-vision-for-music-payments-on-ethereum second] in 2020 was led by [[Multicoin Capital|Multicoin]] and [[Blockchange]]." ''[[Multicoin]] also [https://solana.com/solana-completes-20-million-raise-led-by-multicoin-capital/ invested] in [[Solana]]. | ||
* One of the [https://www.coindesk.com/business/2022/09/08/crypto-influencer-cooper-turley-creates-10m-coop-records-music-startup-fund/?utm_medium=referral&utm_source=rss&utm_campaign=headlines founding backers] of [[Cooper Turley|Coop Records]] (9-9-2022). | |||
=== Partners === | === Partners === | ||
==(:== | |||
Knowledge empowers all and will help us get closer to the [[decentralised]] world we all want to live in! | |||
Making these free wiki pages is fun but takes a lot of effort and time. | |||
If you have enjoyed reading, tips are appreciated :) This will help us to keep expanding this archive of information. | |||
SOL tip [[address]]: EWewBNBRpBgbECg76MmwSxpsyDsdJ8eua5UAD3VXtwKL | |||
[[Category:Coins/Tokens]] | [[Category:Coins/Tokens]] | ||
Latest revision as of 04:22, 31 October 2024
From CoinDesk (29-10-2020): "Audius occupies a similar space to popular music players like Pandora or Spotify, but it allows artists to set their own terms. It also lets other developers make use of its underlying content."
Basics
- Announced on:
- Mainnet release:
- Based in:
History
Audits & Exploits
- Bug bounty program can be found [insert here].
Bugs/Exploits
"Audius was hacked for more than $6 million worth of AUDIO tokens over the weekend, which the attacker stole from its governance smart contract. In a postmortem report released late Sunday, the service detailed the attack and response—and noted that an undiscovered bug was exploited despite past security audits."
Governance
DAO
Treasury
Token
Launch
- From The Defiant (27-10-2020):
"The music streaming platform with 800k active users on Friday launched its AUDIO token, distributing 50M tokens to its top 10k power users. The token was launched on Friday morning prior to being on the front page of Twitch for a RAC and deadmau5 concert. Longtime users got an average of 5k AUDIO (~$750 at publishing time) dropped in their accounts, with the most active users taking roughly 60k tokens each (~$9k at publishing time), according to a Medium post. The drop is 5% of the initial 1B token supply."
Token allocation
- From The Defiant (27-10-2020):
"The team and advisors, a group of around 80 people, will hold 40.6% of the tokens. Investors who participated in the company’s $9M funding rounds, including Binance Labs, Standard Crypto, Hack VC, and Free Co, will receive 36% of the tokens. The project’s Treasury, which is meant to be controlled by Audius holders, will hold 17.8%. 120M AUDIO will be in circulation at launch. Team, advisor and investor tokens will start unlocking six months after launch.
AUDIO has an annual issuance rate of 7%, used to continually reward the protocol’s most active users. Issuance will originally be funneled to service providers who stake AUDIO to secure the protocol, which is being migrated to mainnet from testnet."
Utility
"Audius node operators and artists use the AUDIO token to stake, allowing for different functions on the network. Staking and governance functionality will remain on Ethereum."
Token Details
Stablecoin
Technology
- Whitepaper can be found [insert here].
- Code can be viewed [insert here].
- Built on: Ethereum and Solana
How it works
Fees
Upgrades
Layer Two
"Audius announced Thursday it will migrate its content management system over to Solana’s high-speed blockchain from an Ethereum sidechain operated by the POA Network that runs on a set of trusted validators. Staking and governance functionality will remain on Ethereum. Audius expects the migration to happen in three phases, wrapping up in the second quarter of 2021."
Different Implementations
Interoperability
Other Details
Oracle Method
Roadmap
- Can be found [Insert link here].
Usage
- Hit seven million monthly users (28-9-2022).
- From The Defiant (27-10-2020):
"The music streaming platform with 800k active users on Friday launched its AUDIO token, distributing 50M tokens to its top 10k power users. This makes it one of the most active blockchain projects, as it compares with 35k users on Uniswap and 6k users on Compound Finance, according to DappRadar."
"Audius reports strong recent growth in users, currently boasting 800,000 active users and over 150,000 tracks available for streaming."
Projects that use or built on it
Competition
Pros and Cons
Pros
Cons
Team, Funding, Partners
Team
- Full team can be found [here].
- Roneil Rumburg; CEO
Funding
"The company behind the platform has raised $9.8 million to date, according to Rumburg, over two rounds. The first in 2018 was led by General Catalyst and Lightspeed; the second in 2020 was led by Multicoin and Blockchange." Multicoin also invested in Solana.
- One of the founding backers of Coop Records (9-9-2022).
Partners
(:
Knowledge empowers all and will help us get closer to the decentralised world we all want to live in!
Making these free wiki pages is fun but takes a lot of effort and time.
If you have enjoyed reading, tips are appreciated :) This will help us to keep expanding this archive of information.
SOL tip address: EWewBNBRpBgbECg76MmwSxpsyDsdJ8eua5UAD3VXtwKL
