Audius (AUDIO)

Audius’ native token, AUDIO, is used to stake (to earn fees and rewards), for feature access on the platform, and to participate in on-chain governance.

Metamask software wallet, a Ledger device via Metamask (recommended), and Gnosis Safe multisig are three different ways to stake, delegate, and interact with Audius. Audius contract address: 0x18aaa7115705e8be94bffebde57af9bfc265b998 Wallet: Metamask (recommend using with Ledger hardware wallet) Staking dashboard: https://dashboard.audius.org

From the moment you initiate the unbonding process, it takes 7 days to unstake. During this time you will not earn rewards. When the process is complete, you can freely transfer/trade your AUDIO tokens.

Rewards are eligible to be distributed once per week, and an Ethereum transaction is required for stakers claim to rewards. Anyone can do this, and Figment will do this on your behalf.

However, if the rewards are not claimed within one week, delegators to this staking provider will miss their rewards for that period. There are no consequences for node downtime.

Figment has partnerships with a number of top-in-class custodians. Please contact sales@figment.io for more inquiries.

Audius uses on-chain governance, and voting is based on the number of AUDIO tokens staked. Everything in Audius is governable, including governance parameters themselves.