The token's value over time demonstrates significant volatility, which can be seen as a concern. Venture capital funds and angel investors have already divested their token holdings, indicating that token manipulation may not be a major factor affecting its price.
I give the $AUDIO token a score of 2 for tokenomics. The token's volatility and the potential for past investors to unload their holdings may impact its overall stability and value.
The tokenomics of the $AUDIO token, associated with the Audius platform, reveal several significant aspects about its performance and history. Currently ranked at #132 in market capitalization, the token holds a value of $0.28, with its peak price reaching an impressive $4.03 and a market capitalization of $641.69 million during its peak.
The Audius platform has garnered support from top artists like Katy Perry, Pusha T, Nas, Steve Aoki, among others, who have collectively invested $5 million in the project. The project has attracted notable funds such as Multicoin Capital, Blockchange Ventures, Pantera Capital, Coinbase Ventures, and Collab+Currency, showcasing confidence and backing from the investment community. In strategic rounds conducted on July 31, 2020, and October 23, 2020, Audius successfully raised $3.1 million and $1.25 million from investors, respectively.
The $AUDIO token entitles its holders to various privileges, including governance voting, participation in nodes and staking, support for favorite musicians, and access to premium content, website badges, and social networking privileges.
Official site: https://audius.co/
DYOR. Not financial advice. Show Less
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