Buy Audius Coin
in Hungary

Audius wants to alter the way that music artists are compensated for their work since, in the conventional, multi-billion dollar music business, only a tiny portion of the money goes to those who really create the music, without whom the industry would not even exist. This is one of the motives for the development of the Audius coin. Numerous factors may be used to explain why Audius is so essential. Audius uses on-chain analytics and continuous token issuance to more effectively direct AUDIO distribution to the users who are actively using the network. This, in turn, draws users and improves the platform's utility. Therefore, it seems like Audius would be good investment.

With the aim of decentralizing a multi-billion dollar industry and rethinking how musicians and music composers are paid for their work, Audius is a cutting-edge new platform that has been presented to the music industry. A single Audius coin (Symbol: AUDIO) ensures that all network users are rewarded for their contributions to the Audius ecosystem and maintains the network's security through a unique approach. To usher in a new age of innovation for music streaming services is the initiative's primary goal.

Audius has a novel approach to the industry. It rewards network participants, like users and node operators, for their participation in staking, sharing music, and running the network. It also offers its users Audius coin in addition to its primary goal of enabling music creators to get paid instantly for their work through decentralized streaming services. This is in addition to the primary purpose of letting music producers get immediate payment for their masterpieces through decentralized streaming platforms.

According to the Finance Ministry of Hungary, investing, trading and mining cryptocurrencies are legal in Hungary. But note that a legal definition for cryptocurrencies is still developing. This means that cryptocurrencies are not an official form of legal tender yet. Legal tenders are anything recognized by law as a means to settle a public or private debt or meet a financial obligation. It is estimated that Hungarians own about 300 billion HUF (850 million EUR) worth of cryptocurrencies.

Yes. According to the new regulation of National Tax and Customs Administration (NAV), from 2022, 15% personal income tax will apply to cryptocurrencies. But note that you only need to pay taxes when you exchange your cryptocurrencies for traditional currencies such as euros. You do not have to pay tax for exchanging a cryptocurrency for another cryptocurrency. According to the new regulation mentioned above, investors can deduct their losses from their tax base. Also under the same regulation, you can have the option to deduct expenses related to trading from your tax base, such as fees of crypto exchanges. Although the new regulation will make the taxation of cryptocurrencies more transparent, Hungary still lacks detailed regulation on this topic.

AUDIUS coin, the native coin of the network, serves as the main means of exchange for the platform's reward money. AUDIO may be traded on the live cryptocurrency market, and traders can benefit by figuring out the difference between the price at which they buy and the price at which they sell. All of these facts show that holding Audius coin could be a wise move in this industry since the platform’s users are increasing. 

The Audius platform provides music listeners and music creators with the opportunity to experience special perks on the network, which positions it as a platform that musicians should prioritize using. If you keep the Audius coin in your wallet, you may take pleasure in listening to the music you like while also profiting from the appreciation in the value of AUDIO tokens as the price of those tokens rises.

Every resident of Hungary can convert, buy, and sell cryptocurrencies with fiat. Some supported payment methods are: Bank Deposit and PayPal. Buying is pretty easy for residents of Hungary, choose our exchange, verify your ID, connect your payment method, and buy away.