- The HIO Music platform has attracted more than 6 million licensed songs and has targeted over 100 million units by the end of 2025.
- Currently, in the beta stage, the HIO Music platform has been rewarding users with OG points that will heavily influence the upcoming airdrop.
- The app is live and accessible on the Apple App Store, Google Play, and Solana Saga’s dApp store, where users can listen to and upload music for free.
HIO Music ($HIO), a fast-growing social music platform that leverages the Solana (SOL) network, has announced the date for its highly anticipated airdrop. According to the announcement, HIO Music, formerly Helios, will undertake the token generation event (TGE) on November 29, 2024.
The HIO Music team has remained laser-focused and dedicated to ensuring a seamless token airdrop. The HIO Music app is already available in major outlets including Solana’s Saga Dapp store. Currently, the HIO music application is in the beta stage and will charge users $10 percent for premium subscriptions.
Closer Look at $HIO Token and Expected Use Cases
According to the project’s whitepaper, the $HIO token will play a crucial role in the mainstream adoption of the HIO Music platform. Furthermore, the token will be used to reward both HIO Music users and content creators in a fair manner. Already, the HIO Music platform has partnered with SAN Sound to give away Nomad Earbuds to top communities on the Solana network in preparation for the upcoming $HIO token launch.
“The intention to recognize the artist as a vital underpinning of our culture and our lives, and to recognize that compensation of such energy as crucial for all of our welfare, is what attracts me to the HIO model,” Will Oldham aka Bonnie ‘Prince’ Billy, noted.
In order for HIO Music users to get access to the $HIO token airdrop, several activities must be completed. The HIO Music platform is currently issuing OG points to users for actively engaging with the content. For instance, HIO Music platform users earn 50 OG points for referring and inviting more users.
The holders of HIO tokens will be able to stake and earn passively after the upcoming airdrop. In a bid to motivate users to lock more funds, the team noted that the largest 5,000 staked accounts will receive access to all content on HIO without a monthly fee, with the group updated quarterly.
Growing Ecosystem
The HIO Music platform has grown to a vibrant music streaming with more than 6 million unique and licensed songs. Through focusing on giving value to the community, unlike traditional streaming platforms, HIO Music is well positioned to disrupt the vast industry in the coming years, via the Solana blockchain.
HIO Music targets to onboard more than 100 million songs by late 2025.
The HIO Music platform supports NFT mints due to the strategic launch on the Solana mainnet. The platform’s users can access crypto payments from NFTs via EukaPay, a Toronto-based web3 protocol enabling businesses to send and accept crypto payments. In the near term, the HIO Music team intends to roll out a social feed, ticketing system, and advertising suite.
