AUDIO

Overview of AUDIO

The AUDIO token, short for Audioswap token, originated in 2018. It was created by Ranjit Singh and Pardeep Kumar, its main founders. As a cryptocurrency, it is currently supported by several exchanges where it can be traded, including Binance, Coinbase, and Huobi. In terms of storage, there are a variety of digital wallets that are compatible with the AUDIO token, with MetaMask and Trust Wallet being commonly used options.

Pros and Cons

What Makes AUDIO Unique？

The AUDIO token showcases its innovation through its integration within the Audioswap platform. Unlike other cryptocurrencies that operate primarily as a medium of exchange or store of value, AUDIO token is an integral part of the Audioswap ecosystem, serving as the native currency for platform transactions. This internalized role within a specific network is a distinct feature of AUDIO that sets it apart from other cryptocurrencies.

How Does AUDIO Work？

Audius is a decentralized music streaming platform that uses blockchain technology to power its network and reward users. AUDIO is the native token of the Audius platform and is used to reward artists for their content, to pay for premium features, and to govern the platform.

Audius works by using a peer-to-peer network of nodes to store and stream music. This means that users can stream music directly from other users, without the need for a central server. This makes Audius more resistant to censorship and more efficient than traditional music streaming platforms.

To earn AUDIO, artists can upload their music to Audius and fans can listen to their music, share it with others, and create playlists. Artists are rewarded with AUDIO based on the popularity of their music. Fans can also earn AUDIO by listening to music, sharing songs, and creating playlists.

Exchanges to Buy AUDIO

There are several cryptocurrency exchanges that support the buying and trading of AUDIO tokens. Here are details about 5 such exchanges:

1. Binance: This is a renowned international cryptocurrency exchange which supports various trading pairs for AUDIO, including AUDIO/BTC, AUDIO/ETH and AUDIO/USDT.

2. Coinbase: Known for its user-friendly interface suitable for beginners, Coinbase also supports AUDIO with trading pairs including AUDIO/USD.

3. Huobi: Huobi is a leading global digital asset exchange. Here, people can trade AUDIO using pairs such as AUDIO/USDT and AUDIO/BTC.

4. Okex: Okex supports AUDIO trading with pairs like AUDIO/USDT and AUDIO/BTC.

5. Gate.io: On this exchange, AUDIO can be traded with pairs including AUDIO/USDT.

How to Store AUDIO？

The AUDIO token can be stored in a variety of digital wallets designed to handle cryptocurrency assets. By design, these wallets work by managing the private keys associated with your holdings of AUDIO tokens. Those private keys are essential for signing transactions and should be kept secret.

There are mainly two types of wallet where you can store the AUDIO tokens - Hardware Wallets and Software Wallets.

1. Hardware Wallets: These take the form of physical devices that store the private keys offline, providing additional security. Examples include Ledger or Trezor.

2. Software Wallets: These are programs that can run on a computer or smartphone, giving you access to your AUDIO tokens at any time. They come in a few different types:

Should You Buy AUDIO？

The AUDIO token may be suitable for those who have a solid understanding of digital currencies and have an interest in cryptos that are linked to specific platforms, like the Audioswap platform in this case. It could also be a fit for those looking for exposure in the digital audio entertaining realm, given its ties to the Audioswap service.