What is the issuance amount of AUDIO coins?

AUDIO's total issuance amount of 1 billion coins, with 517 million currently in circulation, shapes its scarcity and liquidity, impacting the token's value within the Audius ecosystem.

Nov 28, 2024 at 05:48 pm

AUDIO Coin Issuance: A Comprehensive Guide

What is the issuance amount of AUDIO coins?

AUDIO is the native token of the Audius platform, a decentralized music streaming service. The total issuance amount of AUDIO coins is 1 billion, with a circulating supply of approximately 517 million as of August 2023.

Issuance Schedule

The issuance of AUDIO coins follows a predetermined schedule, with specific amounts released at each stage:

1. Initial Coin Offering (ICO): In October 2018, Audius conducted an ICO, selling 50 million AUDIO tokens at a price of $0.04 each. This raised a total of $2 million.
2. Seed Round: In July 2019, Audius raised $5.5 million in a seed funding round led by Placeholder Ventures. As part of this round, investors received 137.5 million AUDIO tokens.
3. Series A Round: In April 2021, Audius closed a $5 million Series A funding round led by Electric Capital. This round included the issuance of 100 million AUDIO tokens.
4. Community Reserve: The Audius platform reserves 200 million AUDIO tokens for the community, to be used for initiatives such as artist support and governance.
5. Team Allocation: The Audius team holds 113 million AUDIO tokens, which are subject to vesting over a four-year period.

Distribution of AUDIO

The issuance of AUDIO coins is intended to support the growth and development of the Audius ecosystem. The distribution of tokens is as follows:

1. Community: 20% of the total supply (200 million AUDIO) is reserved for the community, to foster involvement and platform growth.
2. Team and Advisors: 11.3% of the total supply (113 million AUDIO) is allocated to the Audius team and advisors, recognizing their contributions to the platform's success.
3. Investors: 21.9% of the total supply (219 million AUDIO) is distributed to investors who have supported Audius' development through funding rounds.
4. Circulating Supply: The remaining 46.8% (517 million AUDIO) of the total issuance is in circulation, available for trading and use on the Audius platform.

Impact on AUDIO Value

The issuance amount and distribution of AUDIO coins have a direct impact on the token's value. A limited issuance creates scarcity, while a well-distributed supply ensures liquidity. The following factors contribute to AUDIO's value:

1. Demand: The demand for AUDIO is driven by its utility within the Audius platform, such as for content monetization, governance, and community engagement.
2. Platform Growth: The growth and adoption of the Audius platform contribute to increased demand for AUDIO coins. Increased user engagement and content contributions lead to higher token value.
3. Market Sentiment: The overall market sentiment and crypto market conditions influence the demand and price of AUDIO coins. Positive sentiment and bullish trends typically drive up the token's value, while negative market conditions can lead to price fluctuations.