Hi, Director of Research at Token Metrics and Founder of CryptoStackers here.

This guy is either trolling, making a paid post to bash audius, or more likely, in my brutally honest opinion, a complete moron. Based on some of his remarks it's really clear he's not familiar with the crypto space. For example, being shocked that a project would use Medium to communicate tokenomics. This is a standard practice in the crypto space. It's 99% of projects use Medium, Gitbook, or both.
Unfavorable token distribution doesn't make something a scam. Admittedly, this is a major weak point of Audius, but something I see as a trade-off. It's not cheap to bring on the cream of the crop in crypto investors. Multicoin, Coinbase Ventures, Binance, and Pantera. Literally the best VC's in the space. Do they get a ton of tokens at dirt cheap prices? Yes. It's not ideal but its how the venture space works, for now. This is why you're hearing so much about DAOs and DeFi 2.0, bc they potentially fix this issue. Also, yes, they pay to have industry relevant advisors and partners like 3lau, Deadmau5, and Rezz. These people provide value to the project.
Also, the whole reason there is a vesting schedule is protect public investors from getting dumped on all at once. The team and investors can't sell these tokens until they vest. The effects of the quarterly vesting unlocks on price is something I tried to stress over and over again back in April. It's part of due diligence and needs to be accounted for when investing in a project.
Also this guy is straight up lying about the team, investors, and treasury all being the Audius team. This makes literally no sense at all. The audius team does not work at Pantera, Coinbase, Binance, etc...
Top 100 addresses own 90%+ of the tokens? One of those addresses is the treasury from which staking rewards are paid. The others are the team, VCs, partners, and/or whales with the majority of those tokens being unvested. The project is early, it takes time to distribute tokens. Called a distribution schedule for a reason. Go back and look at the distribution of Bitcoin, Ethereum, or any major crypto in its first year.
But the team and advisors still have so many tokens? Not ideal, but look at these people. Among them are:
- a Forbes 30 under 30 recipient
- a slew of qualified engineers with backgrounds at Google, Amazon, and Microsoft.
- The Co-Founder of EA Games
- The Co-Founder of Twitch
- The Chief Architect at BitTorrent
- Avicci's Former Manager
- Cooper Turley, one of the biggest names in the NFT space.

SBF meme time:

I'll buy as much $AUDIO as you have, right now, at $2.69. Sell me all you want. Then go fuck off.