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I always dream about getting new ringtones for my iPhone, sadly I don’t want to pay for them. But today I saw a nice app which could help me create new ringtones without having to pay for them. Aukido is a service which enables you to render ringtones out of your own favorite song and putting some classy effects to make it sound nicer to the ears.

The best part being you can download the composed ringtones in both MP3 and M4R format.

What do think?