Bitcoin Forum

Anyone heard of AUDIO?


https://nairametrics.com/2020/10/25/crypto-for-music-audio-up-by-500/

And that's what Binance can do, LOL, a simply statement make this project create a hype and pump so hard that if you are an early investors, you could have made a ton of money. So who amongst you were early investors of AUDIO?

Or majority here miss the boat?

I've never heard of Audio, but I know some people are getting up to 50K Audio for free. This was given to early adopters and artists. I just registered the platform yesterday, and there are prizes for users of the platform.

I have become more involved with Spotify distribution lately and the idea of a decentralized platform is interesting.

I read more on the project and saw that Deadmau5 was involved which was pretty cool:
https://dancingastronaut.com/2020/10/audius-marks-audio-launch-with-deadmau5-and-rac-livestream/

I'll probably check out the selection of music here and see what I can find.

I checked the overview data now on coingecko and discover that AUDIO had a record high and record low on the same day of Oct 23, 2020 of $0.84 abd $0.043 but it is now trading at $0.16. If you follow that data it will be that early adopters who did not sell on high are in serious loss, unless they got the token for free. Another thing is that we should not generalize that any token listed on Binance is a instant success. This is not true because I have seen a lot of companies that get listed on Binance but are still very much struggling to get back to ICO price. What guarantees success is what programmes the companies have with the tokens they put on Binance and not just because the tokens are listed on Binance.

Sometime I got jealous to those insiders of Binance token listing. They have known when they got to buy the tokens that will be listed. That is surely an easy money and entry for new listing. Ive fomo with this one and got toast. I think fomo is really dangerous and only risk taker can accept the consequence of it.

Now its down already probably some whale ripped the profits and leave now.

1day announcement and got some huge gains. Thats how binance hype really can do.

 Oh boy, this is so cool, I've never heard about audius project before until now, I thought binance pumps and dump project like some used to say on here? They said once a project get listed on binance it will pump for maybe a day and dump the next, where are you guys now? Binance still got it's mojo working lol, congrats to all those who get in very early

This "insider information" trick works everywhere. Normal people just can't do anything but feel jealous or incapable to cope with it. This is also a very illegal practice and that is why there are laws whenever investor money is involved. These regulations do not exist in the crypto world and betting on finding the next big thing is a gamble at best. The tendency of normal people to speculate is amplified by examples like UNI or in this case, AUDIO (whatever it is).
Especially despicable is the twitter crowd that keeps blowing up about the "gainz". That is the reason most of such accounts are anonymous. If there were actual people doing it, they'd go the McAffee way sooner or later. Nobody should fall for this kind of FOMO investments once they have pumped. Only if you are actually going to use the product, then put in money. If you cannot find a way to use it, rest assured that nobody else will. There is much greater chances of loss and regret after investing in these things.

Crypto space is sure full of wonders, I've never ever thought that music projects that make it this big, I was a fan of the use case but all the music projects I supported in the past all end up dead or not doing fine at all due to lack of support from investors, Moozicore was my last music project and since then none interest me again. It feels good to see one that came this far

I agree, somewhat if we knew something, like sort of 'insider trading', although fraudulent in stock market, it will really give us huge profits if we can invest early before Binance or any news that will really pump the market. Then we buy and exit on time to get our profits, but us mere average joe's doesn't have that power, and then we FOMO, we enter a dangerous game, take the risk and then see how it goes for us. And since the FOMO is over, those noobs are trap now, lessons learned again in the very volatile crypto market.

https://coinmarketcap.com/currencies/audius/
All major trades for this coin take place on the binance exchange. What do you think, is it worth investing in it in the current situation?
It's worth it, in order to then shout that DEFI is a scam :) After all, this token is traded on Uniswap, which means it is part of the DEFI ecosystem.
I hope you understand my sarcasm :)

I think it's just a value manipulation event when they get listed on Binance, this exchange is centralized and they can pump whatever they want or get hired to do. AUDIO has products and they're new, but the $ 20 million valuations may be too high. Several projects have developed blockchain in the music sector and have quietly disappeared.

It seems like Binance is taking advantage of its position and its infrastructure by entering a project with special cheap price and then announcing that this project is supported by binance and will list at binance exchange and within no time price surges 100 to 1000x where allegedly binance takes profit. I am not against business but it should be fair so i think a platform like binance should not indulge in anything that can give it a sense of pump and dump.

I have never heard about the project, however it is kind of great that someone is having an idea about the music industry and blockchain technology.
Also, on the other hand, it is Interesting, when many projects are struggling to get recognised or grow, even if it's for a day, another project just pumped massively with a mare news, while what can I say, the crypto space is full of surprises. Also, considering the price movements, it won't be wrong to say fomo played a huge role while some people will always benefit, there will always be some people who will bear the losses. Lastly, I missed the boat, and no hard feelings.

The last statement OP is very clear, that's how binance influenced the traders and investors nowadays, those who able to bought this coin from the initial entry price really gained a lot, while those who fomos and forget about doing their research are surely in loss right now, most of the time once hypes happened people tend to try their luck and not paying attention to anything else.

It's still the usages and the value of project that you should look upon to avoid losing your money, as even you missed the ride as this moment you'll be expecting another when the project succeed completely.

This is clearly the power of the binance and the trust and confidence people show whenever they list a new coin. Basically the community trusts the binance's due diligence and filtration so much that they buy and massively pump each project that associates with binance.

Pump and dump is what you get from all DeFi tokens, binance was major catalyst that alter this gain and loss in some project. The day DIA ( Data information asset) was listed on Binance, it pushed the price to tick $5 but after then, the price tank to $2 before the recent attack on kucoin that bled the token. I like binance exchange because of immense volume and liquidity but I don't really like the idea why some project prefer token to be listed on Binance, probably they need global recognition but it doesn't worth it to me.

It should cost for a celebration when your portfolio made a 1000% ROI but imagine the guilt and depression those who bought at $0.5 would go true since it wouldn't go back there anytime soon.

I’m not familiar with AUDIO but a pump like this is alarming, because they are working because of the hype and Binance announcement can’t guarantee a future for them so don’t rush to get this token, you have to analyze it first.

That’s alright, at least you didn’t lose the money and there’s a lot of opportunities coming.
It looks like Binance is helping them to hype their project, lol. Anyway, this is why Binance is still on top because many trust this Exchange and I’m sure they’ve done their own research on AUDIO before coming up into this decision.

'Binance's support' can only pump a coin/token for the meantime, but it'll most likely dump, just like in this case. Their support alone cannot keep a coins value up for too long, it could give it hype and all, but if you invest at the wrong time when the hype vanishes, then you will make no ROI and lose your funds invested, that's why many users consider altcoins as short term Investments to play around with, and withdraw profits Asap.

If this AUDIO coin will be relying on only Binance support and hype, then I don't consider it a good investment, it could more or less be another pump and dump coin, so investors need to be careful with projects they invest their funds in such as this one.

They should have active platform also. If they will take advantage of the Binance support and fast track their developments, maybe they can sustain the market. But if not, once Binance is finished with their endorsements, this will die just like other coins. I'm not regretting that I didn't get the chance to get some AUDIO coins, because if I will jump onboard, maybe it's too late to earn profits. So visit them couple of months from now, and let's see how they are doing in the market.

I get your point. Fomo is dangerous if you are not that kind of person. But based on experience, I can tell you that sometime its work especially the influencer that promote or shill it is highly capable of bringing a good crowd or investor into it. I know its not typical kind of strategy for investors, just telling you that it work actually sometime. Yeah chance of getting rekt is high but the chance also of winning some profit is also good but you must have the timing to exit and dont be greedy.

Im not that conservative, when chance of profiting is knocking your door. Just last night, I fomo on a hype influencer for a shitcoin, well risk a little of 0.3eth and become 1.1eth. Also it goes down after some time. Well good exit, ATH should be 1.7eth, if I exited on that time but profit is profit. I didnt know much about it use case since it a shitcoin. Point here is sometime fomo can gain you profit.

When a cryptocurrency goes up just because it is listed in an exchange, you know that the spike is not going to last for much long. Only if it is having any real life usage, the prices are going to remain stable. Just checked the charts for Audius, and it is very clear. Five days ago, the exchange rate was BTC0.00003721. The current price is BTC0.00001088. That represents a crash of more than 70% in just 5 days.

Yes, I understand, that's why you really need to have some kind of information, prior to the spike so that you can take advantage, but it's hard for us, maybe for some whales or close to the project itself, nevertheless the recent spike and the subsequent down ward spiral just shows how dangerous crypto investing it, specially if you are buy during it's peak. There's no way for you to recover, so it's either you sell at a loss or keep sticking with the project for many months and years and wait for it to bounce back.

Yes, Binance has a good community and support as always. A coin that will gets listed into that exchange and then gets hype just like what OP did will going to make a boost and massive pump. In this case 0.04 to 0.16$ is a good market price increase.  It seems that the current market price since launch had been increase to 400% as of the moment.

Not really bad and this I hope that other coins as well will get listed to binance and pump as well by the community.

Just realizing the existence of such project, 500% profits in very short time.Yes its really huge profits for early investors but this project can survive in the long term?

I see this as another bump and dump coin in the cryptocurrency space.

Never heard of AUDIO. And just because Binance is supporting a coin by listing them doesn't mean that coin is good or anything. Even after getting listed the developers might decide to dump their coins after a hype has been created and people started investing in it. Looks like the price of AUDIO is already down by 18%. I wonder why...
And as far as I know, there are community voted coins that get listed. It isn't that hard to convince people (and bots) to vote for their shit coins.
Just want to say, don't fall for these massive "pumps". You might end up regretting.

Crypto music projects of the past sucks so much, I had a thing for them but they failed me all, I believe the reason why this coin pumps is binance, that's all, I would be surprised if the audio coin makes use if it's real use case for the whole world, majority of music coins have good starts and that's it, in time they fade away, I will watch out for this one

That is commonplace on the Binance exchange. Any coins / tokens new listed on the Binance exchange will be pumped 2x - 15x, specifically the launchpad, the new launchpool. This is HYPE and after pump surely the price will go down, until the trader or investor declares the price accordingly.

Maybe OP has had AUDIO in the past or is currently already take a profit.  :D

Few people might benefit from this activity, especially who work with Binance company. And as a veteran trader, Im not very interested in trading with FOMO news. Binance is the biggest crypto exchange right now and any coin which appears on this platform receiving huge attention from investors and traders. However, you can not always follow the boat and because of that reason, I rather make my investment on stable assets which I can easily make an analysis. There have been thousands of projects claiming they would be able to be listed on Binance. But the fact is only few of them actually get noticed.  ::)

Therefore, understanding trading helps you to make money mostly every occasion and you do not have to wait for any coin to be listed or pumped in order to get rich. Knowledge is way more better than a short term income. Easy money create greedy. And greed easily consume you and the result you will soon lose every penny that you have made

Undoubtedly with the name of binance audio has achieved a decent growth in its price. This not surprising at all these days binance known for this kind of pump and dump attempts, probably there will be many people who have made good amount of profit with audio by entering on right time but it's not mean that it may happen again people must understand the clever moves of binance and make decisions responsibly and carefully.

check the token you are talking about, from .4USD now its .1 USD, its normal for a coin to pump for the first release but as soon as the days goes by, maybe they have found out something, check out the site looks good, but at the end of the day those who bought the token, is just trading, and they are going to sell it sooner or later, if this project gives a lot of airdrops, to the community they have lots now, such a shame I never heard of this before only now.

I was like that when I first started out and I probably actually made a little bit of money overall (losing a lot but also gaining a lot) but in the end I realized I was firstly wasting a LOT of time, and secondly causing myself a lot of unnecessary worry and stress. You can get it right 10 times but lose 2 times and it's not worth it.

Obviously, if you want to profit from a lesser known altcoin, then you need to invest in it before it gets listed in any of the major exchanges. Once it gets listed in exchanges such as Binance and Huobi, the prices will surge to a very high level. You can still invest at this point, but now the potential return is low and probability of risk is high. That's why you should always analyze news related to these coins. If you get to know about the exchange listing a few days prior, then you can make a lot of money out of it.

Haha. Thanks for sharing that personal experience. You are right that most of the money is being made by right exit and jumping on the bandwagon at the right time when the shitcoin promoter is shilling it. Its all about how much risk you can take, Personally, I find it troubling that most of the people involved in alt-coins and crypto outside of bitcoin are just chasing these "gainz". In the process, everything from insider trading to shilling is considered fair game. This harms even those projects where the developers are actually sincere. Because nothing is working in this market without shilling.

At the end, its just a lot of wealth transfer. Most of the time it is the whales that are profiting as they are the ones who can manage these pumps better than the average small investor FOMOing into it.

The FOMO for Audio was really sad as people jumped in, bought and faced rekt upon listing. Guess there was minted tokens from 2m to 23m. I heard so. It's sad and nobody cares. I love YNTI as steady as it is. Grows organically plus some other projects.

I think, I could say yes. Why would I invest or trade on these shitcoins if its not on gains right? I have segregate funds for trading a normal project and these shitcoin. Shilling is maybe a tactics and actually for degen traders it really works.

You are right. Even with good projects or bigger legit ones without much news their coin will not gain so much attention, so I say that shilling is part of the technique too, well technical analysis works but lets admit when someone talking about the project everyone tempted to fomo.

I know the feeling of getting FOMO'ed by a certain coin especially when its newly listed one.

I didn't ever tried to invest into newly listed tokens on Binance since I know that this is a pump and dump scheme at first but getting FOMO'ed on these will be the ones that I will not do anymore. I almost throw my phone and cried a bit when I got FOMO'ed by this one shitcoin (better not to say :D).

What do you expect from Binance? Its the largest crypto exchange platform right now and one article coming from them will change the price of the coin immediately so lucky for those who held the token for quite some time since they got some profits from it.

are you sure you read whats written on the front page ? it was clearly stated that the coin pump not dumped , no one got rekt yet but we dont know if the increase continues or this was just another hype but what important is that early lucky investors already gain much profit , they can choose to leave or continue and got lucky again soon ?  

never heard of the coin audio before but there were cool coin names that were out lately  . i rememember there was boom coin and bass coin last time which also sound like or connected to audio coin

Maybe we add this project to the list that has been pumped massively because of Binance. And who would forget about the IEO craze as well wherein Binance was the launchpad? those tokens where bought in matter of seconds literally. I wonder though what did Binance see in this project to sway them to invest as such? Maybe they are thinking that this kind of project will be the next wave of hype in the future.

Maybe it depends on the project too. Haha I know this scheme also, Its just I regret not into fomo during sxp and it did x4 easily then when I tried to fomo on audio, it got rekt. Salty experience actually. It seems you learn your lessons with this. Im not gonna stop haha no gains on not risking maybe luck is just out of my grasp right now but Im sure one day, it will be eventually caught off guard.

Maybe, some project are well acquaintance with some of the big exchanges like CZ. Maybe connections I guess, or the idea is really dope.

when a token or coin is able to be listed on Binance, it is not possible for the price of the coin or token to soar, look at Audio,
Audio is capable of high pumping, and not only Audio, all coins that have been listed experience the same thing,
but after that the market which determines the price, make sure you sell when the high price is reached!

Almost all projects listed on Binance had an initial pump since it's the most popular and biggest exchange we have. There are many other similar concept to that of AUDIO but didn't get much attention. Listing on Binance, I can say, is a great marketing strategy to attract people about the project, and the token. But then like many project that had initial pumps, it might just dump after a few days.

usually it is used as a place for whales to play for profit by making the price rise, while after many people are hooked and enter, the whale slowly starts selling its assets little by little until the price is cheap. so my advice when there is a new coin is to be careful.

I guess I missed the ”beat” on this one, lol. Because it's AUDIO. :D

Being part of the number #1 exchange for sure would create a lot of fuss and hype with announcements. Remember that they almost cater to everyone in the world, and if they recommend it, a lot of people will buy that just because of that support.

We won't know the real reason why they would be supporting it, but it has received a lot of hype and BTC.

I don't know if there's such lists, but nevertheless, not only Binance but there are top tier exchanges who has this practice, we can only speculate. that Binance might have a stake on it or CZ himself, or CZ know the persons behind this project that's why he personally make sure it will be pump by his own exchange. And possible what you have mention, music industry could be the next potential industry that will soon take advantage of cryptos.

yea because it's binance  :D. I believe that Binance itself has a strong enough influence to pump coins. of course there must be some marketing they are doing, apart from that maybe in my opinion we have missed the opportunity because the pump that happened was high enough to reach a phase where it would go down, but who knows what happened next right

That's literally what I just said. That's what you get when you are too late, no more opportunity. I think you are just stating the obvious. A pump wouldn't be considered a pump if it wasn't high. I'm not sure if it stabilized, but I'm not interested in buying it anyway. It's hard to be part of the coins that pump. It's luck, or you have information. :o

If an altcoin gets listed in a major exchange such as Binance and Huobi, then there is not much the whales can do. They can manipulate the prices, in case the coin/token is listed in only a few minor exchanges and only in case the liquidity is very limited. If the trade volumes and the number of traders are high, then it becomes very difficult to manipulate the exchange rates. 

Actually didn't hear that kind of coin before it looks like the Binance is really an influential they can really pump some kind of coins those who really invest to that token would really benefits a lot.

actually this kind of pump is usually not very beneficial for early adopters. If I am investing in a project I expect it to pump slowly so it doesn't damage the long term perspective of the coin. With short term p&d. There are two problems, first you have to be available at the right time in order to sell your tokens. Unfortunately, few hours pump isn't really enough for all early investors to take benefit of the opportunity. Most of them probably gonna sign on tomorrow and realize that the missed the pump. This is only good for handful of people who were aware of the pump beforehand. It is not the good for the growth of the project.

Binance and CZ has this kind of power, it could pump you right away but this is something else. If CZ came out and said that he is supporting this new token or something it would have been crazy, and it would have gone up as well but it would have been pure speculation and in many parts of the world that is illegal as well yet it would work.

However this is totally else, this is actually putting your money into it and because they invested into it people invested as well seeing them invest. It is like a Warren Buffet effect in stock market, when you hear him buying a stock you buy it too which makes it go up for him and for you because that dude is rarely wrong. This is why I believe binance is just way too good for us, they are just a blessing in the crypto world.

In my opinion there is nothing special about this AUDIO project, it only benefits early investors. Because all projects that are listed on
Binance will definitely pump, including AUDIO which directly pumped high in October 2020 reaching an all time high price. But a few days
later the AUDIO price was immediately dumped, and the price was difficult to return to its all time high price again. So it is difficult to predict
new project price movements such as AUDIO. If we want to invest in AUDIO now is the right time, because the price is quite cheap and still
close to the all time low price.

How do you say that though? So Binance just pump it up to make profits or they think that it will be big in the future? It's too early to say what this project will bring to the music industry, maybe this will benefit artist and everyone involved in this industry so I would say that Binance riding it means something like us average joe are not seeing in the future. So give it like 1-3 years to mature because we can make a conclusion.

Binance is one of the biggest exchangers currently on the cryptocurrency market and it shows investors confidence in Binance. Besides having a large transaction volume, Binance is quite influential in the price of tokens that will be listed on the exchanger and many tokens or coins whose prices have increased many times because there is news of listing on Binance

I also did not expect Audio to be listed on Binance, this makes holders and investors very happy to see Audio has a high rise,
when the altcoin is experiencing a bear market, but the ROI is still -70% I am surprised by that.

Audius (AUDIO (https://parofix.com/threads/is-augur-rep-worth-buying-is-augur-rep-reliable-augur-rep-reviews.9924/)) is the native cryptocurrency of the Audius platform, a decentralized music streaming and distribution platform. It is designed to facilitate transactions and interactions within the Audius ecosystem. Here are some key points about AUDIO:

Utility Token: AUDIO serves as a utility token within the Audius (https://market.parofix.com/coin/audius) network. Users can earn, spend, and stake AUDIO tokens for various purposes on the platform.

Artist Payments: Musicians and artists on Audius can earn AUDIO tokens as direct payments when their music is streamed. This allows artists to receive a fair share of the revenue generated by their music.

Governance: AUDIO holders have the ability to participate in the governance of the Audius protocol. They can vote on proposals and changes to the platform, giving them a say in its development.

Staking: Users can stake AUDIO tokens to help secure the network and participate in the platform's Proof-of-Stake consensus mechanism. In return, they may receive rewards in the form of additional tokens.

Integration: AUDIO can be used within the Audius platform for various activities, such as tipping artists, accessing premium features, and participating in community initiatives.

It's important to note that the value and utility of AUDIO may vary over time, as it is subject to market (https://market.parofix.com) dynamics and the growth of the Audius ecosystem. Users interested in AUDIO should stay updated on its use cases and market trends

I think I'm the only one here, who didn't even heard the name of the project AUDIO. And also I didn't invest in this one. I'm so shocked that it is listed on a big exchange and also in the bear market.