Spotify competitor Audius airdrops $8M of tokens to users and artists

Cointelegraph

Published Oct 27, 2020 12:39AM ET

Updated Oct 27, 2020 02:20AM ET

The crypto-powered Spotify (NYSE:SPOT) competitor Audius has retroactively distributed 50 million of its native AUDIO tokens to artists and listeners using the platform.

The distribution came alongside the launch of the AUDIO governance token on the Audius mainnet, with 5% of the token’s initial one billion supply distributed to its “top 10,000 artists & fans.”

AUDIO/USD: CoinGecko

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