What Is AudioCoin (ADC)?

AudioCoin is a digital cryptocurrency for the music industry. AudioCoin aims at breaking down the barriers of music financing by connecting fans and artists directly through a distributed, transparent ledger. The transparent and stable ledger of AudioCoin also ensures that music fans and artists receive their fair share of cryptocurrency revenue from interaction with ADC coin.

According to the whitepaper, AudioCoin was created with consideration to the issues faced by the music industry and the need to include the financial ecosystem surrounding the business. The aim of developing AudioCoin was to engage and empower music lovers worldwide and remove any form of barriers that prevent music consumption. AudioCoin coins enable a fair, equitable, and honest value of exchange between artists and fans. AudioCoin also aims to develop an open, exciting, ethical, and global music ecosystem.

The benefits of AudioCoin are a fair music ecosystem, rewards economy, plug-in option, ADC marketplace, Geo-Location integration, and a fair and efficient platform for the users. Additionally, artists are rewarded with ADC when their music is downloaded, streamed, or purchased from aurovine.com. In addition, fans and artists are rewarded with ADC by liking and sharing music on social media platforms such as Facebook and Twitter.

The platform removes the barriers of traditional e-commerce systems and provides an effective way for artists and music fans to engage in viral marketing. The main feature of AudioCoin is that music fans and artists are rewarded tangibly, rendering the existing streaming model redundant and archaic.

The ADC token is utilized in various ways to create a value model for every stakeholder, bringing smooth and effective opportunities for creative activations.

History of AudioCoin (ADC)

AudioCoin (ADC) was conceived as a proof-of-work/proof-of-stake hybrid cryptocurrency in 2013 to foster accountability, transparency, and engagement in the music industry. In 2016, AudioCoin was upgraded to a new version with increased stability and security. AudioCoin was founded by Ken Foster (CEO) with other experienced developers.