Token Symbol: AUDIO5L


Audius is a decentralized music-sharing and streaming protocol that facilitates direct transactions between listeners and creators, giving everyone the freedom to distribute, monetize, and stream any audio content.AUDIO is the native utility token of the network and it is used for the following: Staking for running discovery or content nodes so users will get a higher probability of fan discovery and a share of network fees; Staking to unlock exclusive features and services like artist tokens and badges, and receive voting power from fans who want to share in their success; Participating in protocol governance voting to shape future iterations of the protocol.

AUDIO5L is a leveraged token that goes long on AUDIO with 5x leverage, which means that for every increase in the price of AUDIO in the market, the leveraged AUDIO token seeks a 5x increase in its price. AUDIO5L is required to maintain its target leverage and does so through dynamic rebalancing to gain a net value increase by 5% when the price of AUDIO goes up by 1%.

Due to such rebalancing and investment costs, AUDIO5L may suffer a net value loss when the market fluctuates. Please note, AscendEX’s leveraged tokens are not suitable for long-term investment. Investors must be cautious while investing in leveraged tokens and manage their investment risks in a timely manner.

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Risk Disclosure:

Leveraged tokens differ from regular tokens for spot trading in that there is higher risk and volatility, which could bring about great returns or losses in a single day. Please learn more about leveraged tokens in our help center before making an investment.