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Wednesday, 29 Dec 2021
Crypto Notes
A weekly newsletter decoding crypto, blockchain and the entire ecosystem.
By Rohas Nagpal

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Good morning!

All about Audius (AUDIO)

Over the last few weeks, we discussed Dogecoin (DOGE), Cardano (ADA), Binance Coin (BNB), Solana (SOL), Bitcoin (BTC), Ether (ETH), Filecoin (FIL), Polkadot (DOT), Polygon (MATIC), Chainlink (LINK), Theta, Chiliz (CHZ), Avalanche (AVAX), Terra (LUNA), Arweave (AR), Algorand (ALGO), the top Metaverse cryptos, the to DeFi protocols. and the most important DAO cryptos.

This week we take on Audius (AUDIO).

     

Let's start with some interesting crypto news:

Iran is shutting down crypto mining centers to reduce liquid fuel consumption in power plants. This is because Iran’s energy consumption is increasing during the winter.

Cryptocurrency-fuelled ransomware attacks and metaverse-related attacks are expected to increase in 2022 according to the 2021 Unit 42 Ransomware Threat Report.

A new form of malware is being distributed through pirated downloads of the latest movie - "Spider-Man: No Way Home".

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1. What is Audius (AUDIO)?

Name: Audius

Symbol: AUDIO

Overview:

Audius is a decentralized music streaming protocol that aims to give "everyone the freedom to distribute, monetize, and stream any audio content". Audius is built on both Ethereum and Solana.

$AUDIO is the native token that enables network security, exclusive feature access, and community-owned governance.

$AUDIO can be staked to run discovery or content nodes. Artists can also stake $AUDIO to unlock artist tokens and badges, and to "receive voting power from fans who want to share in their success".

2. Metrics

As of 28 December, its core metrics are:

Price metrics:

Current Price $ 2
All-time high (Nov 05, 2021) $ 4.99
All-time low (May 27, 2020) $ 0.07774

Supply metrics:

Circulating supply 510 million AUDIO
Total supply 1 billion AUDIO
Maximum supply NA

Note:

Circulating Supply is the number of coins / tokens in public hands.

Total Supply is the number of coins / tokens created minus the number burned.

Maximum Supply is the maximum amount of this crypto that can ever exist

Figures have been rounded off for convenience

Marketcap & Volume metrics:

Market Cap: $ 985 million
Fully Diluted Market Cap: $ 2.1 billion
Volume (24h): $ 60 million
Volume / market cap ratio: 0.07

Note:

Market cap = Current Price x Circulating Supply

Fully Diluted Market Cap is the market cap if the maximum supply was in circulation

Volume (24h) is the fiat value of this crypto traded over the last 24 hours

Volume / market cap ratio = 24h Volume / Marketcap

Figures have been rounded off for convenience

3. Wallets

FreeWallet is a popular wallet for Audius (AUDIO).

Note: The data is from CoinMarketCap, Messari, and Future Money Wallet and may be rounded off.

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The author is an amateur boxer, a blockchain architect, a Tintinologist and a retired hacker.

     

Written by Rohas Nagpal. Edited by Saikat Chatterjee. Produced by Nirmalya Dutta. Send in your feedback to newsletters@livemint.com.

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