The internet is a scary place. You’re constantly giving up your data, and you have no idea where it’s going or who has access to it. Your information is being sold for profit without your consent.
THETA offers the perfect solution. This revolutionary blockchain technology allows users to monetize their data, offering them unprecedented control over where it goes and who has access to it. THETA is built with a faster and more scalable transaction protocol that will allow for the fast transfer of data while preserving security and decentralization.
How does Theta Network work?
The Theta Network is a video delivery network that combines the speed of distributed cloud storage with blockchain technology to ensure its users are compensated for their contributions. It uses Proof-of-Engagement data to govern rewards, which ensures fairness while also mitigating abuse. This platform eliminates the middlemen associated with streaming content over the internet, allowing for faster and cheaper video delivery.
How does Theta Network benefit video streamers?
Theta takes power out of large corporations’ hands, letting users monetize their work without jumping through hoops. On Theta, streaming content is more accessible because paid channels cannot use Theta’s Dapps. This means anyone can become a content creator even if they don’t have a large following.
How to Buy THETA Tokens
THETA is available on several exchanges, and you’re ready to buy. Just follow these steps:
Create an account on the platform of your choosing, such as Binance or Kucoin. Once finished, move some BTC into that exchange wallet. Find some THETA in the market overview section of either platform. Send your BTC from step 2 to the THETA market. Buy some THETA Tokens with your freshly transferred BTC!
With just a few easy steps, you’ll have some THETA in your wallet!
Where can you use the THETA tokens?
The Theta Tokens are currently being used to incentivize users to share bandwidth and resources towards the Theta network and reward those who share their unused PC bandwidth. In the future, dApp developers can integrate Theta Tokens into their dApps and games to incentivize users with rewards and incentives.
History of Theta Network (THETA)
Theta Network has been in development since 2017 by the Theta Labs team, led by Steve Chen and Jieyi Long. They have a long history of building successful companies. Long was most recently with YY Inc., a social media platform that connects more than 92 million users, while Chen was the co-founder of YouTube, which is used by more than 1.5 billion people worldwide.
The team aims to bring the benefits of decentralization to video streaming while allowing users to monetize their engagement on top of existing content distribution networks (CDNs).
- Theta Network (THETA) Partnerships and Other Influences
On July 25, 2018, it was announced that Theta Network would be the official blockchain partner of the P2P Streaming Video Alliance. This alliance includes companies like Sony, Roku, and Warner Bros as members. They are focusing on creating a decentralized streaming video network based on blockchain technology and will be utilizing Theta Network’s resources & tools.
An additional partnership with SLIVER.tv is the main reason for Theta Network’s rise in popularity. This e-sports entertainment platform boasts more than 20 million visitors each month, and they will be utilizing Theta’s decentralized video streaming services to improve their existing offering.
The team has also partnered with Play2Live, a blockchain gaming and entertainment platform, to help them connect their gaming resources to the Theta blockchain.
It’s clear that Theta Network has an impressive list of partners, as well as a competent development team behind them. Their goal of decentralizing the video streaming industry will provide significant benefits to content consumers and creators alike. Expect Theta Network (THETA) to continue its impressive upward trajectory as it builds out its offerings and partnerships.
Theta Network(THETA) FAQ’s
Is THETA an ERC20 token?
The Theta Token is an ERC20 token, but it will eventually become a blockchain of its own.
What’s the total supply of THETA?
As of July 2018, there is approximately 250 million THETA in circulation with a maximum supply of 2.5 billion. This number increases by 1% every year to combat inflation.
Does the THETA team own a significant portion of tokens?
Yes. The original founders and advisors hold a combined 75% of the total supply. The rest is distributed in a community pool, a content creator pool, and a development/partnership pool.
Can I mine THETA tokens?
Yes, but only through the SLIVER.tv platform, which uses users’ spare CPU/GPU cycles to mine Theta tokens while not using their computer. This method of mining is called “Folding.”
How do I store my THETA tokens?
You have two options for storing your Theta Tokens: an ERC20 wallet (such as MyEtherWallet) or a native Theta wallet (still in development). As always, we recommend using hardware wallets such as the Trezor or Nano S to keep your tokens safe.
Does THETA have a working product?
Yes. The team has an existing video streaming product that is already providing benefits for end-users and streamers alike. With their high-profile partners and impressive user numbers, you can try out their platform today!
Is Theta Network (THETA) a good long-term investment?
The video streaming industry is massive, and blockchain technology has the potential to benefit consumers and content producers alike. As long as Theta continues to progress its product and expand its user base, THETA tokens will maintain their value.
Does the ledger support Theta?
Yes. THETA tokens can be stored on any wallet that supports the ERC20 token standard.
What’s the difference between Theta and SLIVER?
THETA is focused primarily on video streaming, while SLIVER focuses more on e-sports and live event coverage. They are both utilizing blockchain technologies to improve their respective industries.
Is THETA a security?
Theta Labs, Inc. is a for-profit entity, and Theta tokens are intended to be utilized as utility tokens on the network. Thus, they should not be considered securities.