AudioCoin

(ADC) Price

$0.001299 -0.0001007 (-7.19%)

AudioCoin (ADC) price

ADC - USD
  • ADC - USD (United States Dollar)
  • ADC - EUR (Euro)
  • ADC - GBP (British Pound Sterling)
  • ADC - RUB (Russian Ruble)
$0.001299 -0.0001007 (-7.19%)
0.00000000 BTC (+28.46%)
Real Time Data

Market cap

$389,230

299,585,211 ADC

Volume (24H)

$545

419,524 ADC

Day's range

$0.001299 - $0.001400

0.00000028 BTC - 0.00000030 BTC

Last trade

158.00000000 ADC

yobit $0.1005

Open price (24h)

$0.001400

52 Weeks. Low - High

$0.00 - $0.4900

Supply

936,372,675 ADC

Max supply

Not available

Latest Closing Price

Open/Close in UTC time

Date Close Price Open price Volume (24H) Market Cap Day's range
Nov 14, 2018
$0.001400
$0.001400
$255 0 ADC
$581,969
$0.001400 $0.001400 $0.001400
Nov 15, 2018
$0.001300
$0.001400
$1,175 10,675 ADC
$516,048
$0.001300 $0.001400 $0.001300
Nov 16, 2018
$0.001300
$0.001300
$822 0 ADC
$464,228
$0.001300 $0.001300 $0.001300
Nov 17, 2018
$0.001300
$0.001300
$15 1,007 ADC
$516,404
$0.001300 $0.001300 $0.001300
Nov 18, 2018
$0.001300
$0.001300
$132 0 ADC
$479,769
$0.001300 $0.001300 $0.001300
Nov 19, 2018
$0.001300
$0.001300
$365 0 ADC
$419,610
$0.001300 $0.001300 $0.001300
Nov 20, 2018
$0.001299
$0.001300
$545 0 ADC
$389,230
$0.001299 $0.001300 $0.001299
More Historical Data

What is AudioCoin?

AudioCoin is a cryptocurrency created in 2013 by British startup Blockpool, with the goal of transforming the current music industry (where revenues have been stagnating in recent years, and streaming has taken over all other modes of music consumption), into a decentralized ecosystem where music creators, and fans alike receive incentives for creating and consuming music. Audiocoin is based on the Peercoin project.

The Audiocoin platform is intended to serve as a multi-tiered software reward system that can be readily integrated into existing services. Under the project´s vision, artists get rewarded for uploading content and obtain revenue from sales, streams, and shares. Artists who remain at the top of weekly charts will receive bonus bounties. Fans get small incentives for joining the platform, making purchases, and streaming music.

Audiocoin is based on the Scrypt algorithm and works using a hybrid Proof-of-Work/ Proof-of-Stake consensus system. The maximum coin supply is set to be 10.5 billion ADC, with 4000 coins awarded per block mined, reducing by 5% weekly.

The PoS system was implemented as of block number 525,000 and it offers stakers a monthly interest of 1.5% (18% yearly). The Audiocoin community is to decide if staking rates should be reduced to between 6 and 9% later this year. Aside from staking, ADCs can be obtained through trade on cryptocurrency exchanges like Cryptopia (ADC/BTC), Bleutrade (ADC/DOGE; ADC/BTC), and YoBit (ADC/BTC).

The project held a Premine phase, during which 525 million Audiocoins were mined, which represents 5% of the total ADC supply. Funds were exclusively intended for the Aurovine ecosystem, and for marketing purposes (including faucets), dev/bug bounties, and third-party platform incentives. Audiocoins can be held using a proprietary wallet compatible with Linux, Mac, and Windows, available on the project´s website.

Audiocoin recently made news because world-famous artist Bjork announced at the end of 2017 that she would be accepting cryptocurrency payments for her album Utopia, plus she would give 100 Audiocoins to every purchaser. 

READ ALL
Type
Coin
Block
Mineable
Since
Sep 02, 2011
Algorithm
Proof Type