Audius ($AUDIO Coin) recently hit an all-time high as the developers announced a partnership with the Chinese social media platform TikTok. Therefore, this article is dedicated to what is said to be the next big thing in the audio industry, Audius Token. Herein we shall provide information as to where and how you can buy the AUDIO coin aka Audius Token. Furthermore, we’ll also discuss the points to keep in mind while investing in Audius crypto.
Table of contents
- Audius is a decentralized blockchain application and music streaming protocol that came into existence in 2018.
- Furthermore, Audio is the native cryptocurrency of Audius, which is an Ethereum-based decentralized music streaming platform.
- One can use Audius token, Audio, for various purposes such as unlocking exclusive features, staking Audio tokens to earn more, participating in Audius protocol governance, and now you can also use it with TikTok after the recent partnership between the two.
- One can purchase Audio cryptocurrency on various cryptocurrency exchange platforms such as CoinDCX, Binance, Bitstamp, Gate.io, etc.
- It is also available on Decentralized exchange platforms such as Uniswap and Simpleswap and swap platforms such as SwapZone and SwapSpace.
What is Audius?
Founded in 2018, Audius is a decentralized music streaming protocol. Commonly referred to as “decentralized Spotify,” Audius is the most extensive decentralized blockchain application. Audius’s vision is to put power back in the hands of music creators by giving them a platform to connect with the audience directly.
Furthermore, Audius recently hit its all-time highest market capitalization of over $1 billion, soon after announcing a partnership with the Chinese app TikTok.
What is Audius Token (AUDIO)?
Audio is the native cryptocurrency of the Ethereum-based decentralized music streaming protocol, Audius. The developers have added features like community-owned governance, network security, exclusive feature access, and many more with the Audio token. Moreover, Audio enabled artists to share and monetize their work and engage more audiences.
Audius tokens, Audio, can be put to several uses. For example, consumers can earn a share in network fees and governance by staking Audio tokens. Furthermore, artists can unlock exclusive features like audience voting, artist badge, and token simply by staking Audio coins. Moreover, Audio tokens are also required to participate in Audius protocol governance.
Where to buy Audius Token (Audio)?
Owing to the sudden rise in its popularity, Audius Token has been made available on many cryptocurrency exchange platforms like:
Read our blog on the Best crypto exchange platforms to find more platforms that provide trading options for Audio tokens.
Apart from crypto exchange platforms, Audio coins are also available on Decentralized exchange platforms like Uniswap and Simpleswap. Furthermore, you can also use swap platforms like SwapSpace and Swapzone for the same.
Download the app or visit their respective websites to get started.
How to buy Audius Token (Audio) on Binance?
Binance is used by crypto investors worldwide for buying, selling, trading, and staking decentralized currencies. Read our Binance review to dive into various features of the platform.
You cannot directly buy Audius tokens with USD and other fiat currencies on Binance. However, you can still acquire Audio on Binance by the method of trading. Follow the below-mentioned steps to receive Audio on Binance using Bitcoin.
- First of all, create or sign in to your Binance account using your email id or phone number.
- Thereafter, complete the verification process to log into your account successfully.
- Select the ‘Buy crypto (USD)’ option in the upper left corner. Then, in the drop-down list, opt for ‘the Credit/ Debit Card’ option.
- After that, select the fiat currency in which you would like to invest (here USD).
- Select BTC in the coin to buy.
- Now, select the ‘Buy BTC’ option, and credit card purchases of BTC will begin.
- After successfully buying BTC, go to the trade section on Binance.
- Select the AUDIO/ BTC pair.
- Now an exchange page will appear on the screen with price charts.
- Fill in the amount of AUDIO you would like to buy and click on the ‘BUY AUDIO’ button.
- Confirm the transaction and wait for the order to complete.
How to buy Audio on Uniswap?
Uniswap is one of the most popular decentralized exchange platforms.
- Firstly, fund your wallet with ETH and copy the Ethereum address.
- Secondly, visit the Uniswap website and select the SWAP option.
- Now in the connect wallet section, select Metamask.
- Search for ETH in the first search bar and AUDIO in the second one.
- Now click on the SWAP option, a confirmation message will pop up in the Metamask wallet.
- Approve the transaction, and you can now swap ETH for AUDIO easily.
Buy AUDIO in India on CoinDCX
CoinDCX India has the highest number of listed crypto assets in India. Furthermore, the exchange platform facilitates almost instant deposit and withdrawal services. To learn more about this platform, read our CoinDCX review.
Follow the steps given below to buy AUDIO on CoinDCX-
- Firstly, create your account on CoinDCX. Provide your details and confirm your email address and phone number. If you already have an account, simply go for CoinDCX login.
- Secondly, complete the verification process by uploading your KYC documents.
- After that, deposit funds in the form of fiat currency or cryptocurrency, here USDT.
- Then, go to the ‘Market’ section. Input Audio in the search bar and select the ‘Audio/ USDT’ pair.
- Click on the ‘order book’ option.
- In the first bar, select ‘Market’ from the drop-down list.
- Thereafter, input the amount of AUDIO you want to buy. The expected cost in USDT will be displayed.
- Finally, click on the ‘BUY AUDIO’ option at the bottom and confirm the transaction.
Buy Audius: Pros and Cons
|It lets the artists directly connect with the audience and earn money. Moreover, it adds features like exclusive access and artist badge.||Audio is comparatively a new coin; therefore, nothing can be said about its price pattern and security concerns.|
|One can earn rewards and participate in Audius governance by staking Audio coins.|
|After its partnership with Tiktok, the future of the protocol seems bright.|
To learn more about the Audius and Tiktok partnership, watch our news video below:
Buy Audius: Conclusion
Audius is relatively new and is far from the high-profile, popular dApps. However, the humongous growth made by Audius in such a short span is encouraging. In addition, prominent platforms like Binance, Bitmex, Gate.io, Uniswap, and others have realized the potential of Audio tokens and therefore added them to the list of cryptocurrencies supported by them. Therefore, you can buy Audio tokens on the below platforms.
Frequently Asked Questions
It is impossible to predict the price of any cryptocurrency. However, to stay updated with the latest Audius Token news, refer to Audius Coinmarketcap. They have Audius price charts, Audius price, and other information like where to buy Audius coins, Audius Wallet, etc.
Any investment can be a good investment if done after proper research and with due caution. However, a similar investment in cryptocurrency can also lead to heavy losses if not done right. The same is the case with the Audius token.