What Are AudioCoins?

'Profit From Your Passion'

 

AUDIOCOIN (ADC) - Real World Application from Launch

 AudioCoin is a real currency that can be exchanged for USD, Euros, GBP, Bitcoin and other currencies.

As a music fan you can earn AudioCoins by interacting with the Aurovine website and sharing music.

Artists earn AudioCoins when users stream or download their music.

 

Fans can use AudioCoins in a number of different ways:

They can transfer the coins into a wallet on their own computer and earn interest.

They can buy, sell and trade them on currency exchanges.

Buy music related services & merch on Aurovine.com & other websites as they adopt AudioCoin

  

Artists can use AudioCoins in a number of different ways:
They can spend them on the Aurovine website for promotional packages.

They can transfer the coins into a wallet on their own computer and earn interest.
They can buy, sell and trade them on currency exchanges.

Buy music related services on other websites as they adopt AudioCoin


AudioCoin has been integrated into the system as follows:
 
Artists and Fans who register on the system are provided with an online (or virtual) wallet.
The wallets are also available as standalone downloads that can be run on any users computer.
The wallets are used to store their credits (AudioCoins).
Coins are automatically added to the wallet as soon as the user registers and shares music.
Users get coins for joining the platform and further coins for engaging with and sharing the content via their chosen social media channels.
Artists are rewarded in the same way when their music is streamed, downloaded and shared.


Artists
Each Artist who is registered on Aurovine and has uploaded tracks gets 250 coins.
Limited to the first 50,000 artists. Earns further coins from sales/streaming/shares (see below)
Artist at top of charts every week gets share in bonus bounty
 
Users (Fans)
On joining they get 50 coins - When account activated and first share completed.
For purchases/streams coins distributed as per below.
 
a) Streaming
The requirement to claim coins is that the track must be streamed until presented with a pop up and then shared using our listen/rate/share feature.
Our system prevents spamming and multiple hits from same IP.  
For each valid share 0.5 coins will be transferred to artist wallet and 0.5 coins will be transferred to fan wallet. i.e 1 coin total for each social media channel.
 
In addition there will be 0.1 coins transferred to the bonus wallet for each verified stream.
 
B) Downloads (Paid)
There is no requirement to share for a paid download although the option to share for bonus coins as above will be presented at checkout/confirmation page.
For every paid download (track) 2.5 coins will be transferred to fan wallet and 2.5 coins will be transferred to artist wallet. In addition 0.5 coins will be transferred to the bonus wallet.
 
For album/ep downloads (3 tracks or more): 10 coins will be transferred to artist wallet and 10 coins will be transferred to user (fan) wallet. In addition 1 coin will be transferred to the bonus wallet.
 
c) Downloads (Free)
Same requirements and rewards as streaming.
 
The 'bank' or bonus coins are to reward power users and artists. The top 50 artists and users each month will share the contents of the bonus wallet. Top User 5% of bonus Wallet, Top Artist 5% of bonus wallet. 2nd 4.5% etc on a declining scale until contents of bonus wallet are empty.

 

We will also award coins for competitions, double coin days etc
We reserve the right to adjust reward values to reflect ADC value.

 

If you would like to find out more about AudioCoins and Virtual Currencies, find out where to download wallets and even where you can get more ADC coins please visit the following sites:

Official AudioCoin Website

AudioCoin thread at CryptocoinTalk


 


 

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