Audius, a crypto-powered music streaming service, has introduced a season of airdrops and rewards that can see 30 million AUDIO tokens handed out—valued at over $3 million—to customers of the platform. The marketing campaign was launched in celebration of Audius surpassing an all-time milestone of 250 million on-chain track streams from customers.
The first season of AUDIO rewards kicks off with 2 million AUDIO tokens being airdropped to contributing artists in what’s branded because the “Artist Appreciation Airdrop.” Token allocations are decided by an artist’s streams, gross sales, income, followers, and different components. A complete of 1,174 artists are eligible for the drop.
However that is only the start of a wider season of weekly rewards—which may also embody listeners alongside artists.
“Artists have at all times been the motivation behind every part we do at Audius,” CEO Roneil Rumburg stated in a press release. “From day one, our imaginative and prescient was to grow to be the spine of a brand new music trade. With over 250 million on-chain streams now underneath our belt, we see it as an enormous indicator that the market readiness for funds and rewards have lastly arrived.”
Artists Come First 💜
Right this moment marks the start of a brand new period for Audius. Airdrop 2: Artist Appreciation is now dwell, and new reward varieties will likely be going dwell weekly.
1000+ eligible customers will obtain an electronic mail, so examine your token allocation and declare it!https://t.co/XdCNbWhvG1 pic.twitter.com/iEzGtrK4D6
— Audius 🎧 (@audius) February 12, 2025
Via its historical past, Audius has streamed music made by Skrillex, Deadmau5, Disclosure, and different outstanding artists. Final September, the music platform rolled out its new “artist monetization program” which permits artists to freely set their very own phrases and pricing when itemizing downloadable “premium tracks” on the market. Plus, 10% of every fee is now allotted to the neighborhood treasury.
Whereas its on-chain governance and backend is constructed on prime of Ethereum, its monetization is constructed on Solana—which the corporate says has allowed it to scale to 250 million on-chain streams. As such, the season of airdrop and rewards will happen on Solana.
This airdrop marketing campaign is the first since 2020, when the challenge first hit mainnet, and the second in its total historical past. Audius isn’t seeking to repeat the previous, nevertheless. As an alternative, the corporate is predicted to hold out additional weekly airdrops which is able to embody challenges that the complete ecosystem can participate in.
Via Season 1, which is predicted to take a couple of months to finish, 30 million AUDIO tokens are set to be distributed as rewards—figuring out to three% of its 1.5 billion token provide. After that, the challenge will take into account a second season of rewards, however this has but to be set in stone.
Edited by Andrew Hayward
