The price THETA today is 5.46 USD, and the trading volume in 24 hours - 288,426,287 USD. The crypto asset has grown by 1.63% over the day. Currently, the coin’s market capitalization is 5,462,498,000 USD, and has 1,000,000,000 coins in circulation with the max supply of 1,000,000,000 coins THETA.
What is THETA (THETA)?
The growth of real-time video streaming platforms came almost simultaneously with the development of blockchain technology, which prompted crypto enthusiasts at Theta to try to combine them into a single ecosystem called Theta platform. With this in mind, its developers came up with the idea to create a video delivery network running on the dedicated Theta blockchain.
While the delivery network remains a place for decentralized video streaming, the Theta blockchain provides an environment for the platform's THETA token to be used. In the Theta platform, both of these layers were created with the goal of creating and monetizing a bandwidth-sharing model that should achieve at least some of the promised goals: the Theta platform does not want viewers to pay for access to low-quality video streaming services.
What is unique about Theta?
The Theta development team has identified a number of issues with today's content delivery networks (CDNs).
Theta wants to offer smooth streaming of high-quality video without excessive technological costs. Today, publishers must deploy and maintain expensive video delivery infrastructure. Since publishers have to bear the brunt of these costs themselves, the less revenue goes to content creators, stifling creativity and innovation in the business.
In the Theta model, the cost of delivering high-quality video is reduced by including more participants in the block chain. This is expected to provide greater flexibility and innovation in revenue stream management and content creation.
Through its P2P model, Theta aims to promote decentralization and improve the reward distribution system. It is believed that due to excessive centralization, the current economic models of CDN networks offer less reward for a growing number of participants. According to Theta developers, the biggest part of the pie goes to advertisers and platforms themselves, while viewers and content creators get the least.
In the Theta ecosystem, viewers can use their tokens to directly reward content creators. Intermediaries will be excluded from the process, and content creators will have to rely less on advertisers or third-party hosting sites.
How many THETA tokens are in circulation?
After the launch of the main Theta network, THETA tokens will move away from their role as an ERC20 token, which serves only as a "preview" of its capabilities. After the launch of the main network, these tokens must be exchanged for new Theta tokens in a ratio of 1: 1. The launch of the new Theta blockchain will promote THETA tokens to the role of security, management and stacking providers on this platform:
As of January 2021, all THETA tokens are publicly available, the total supply of which is limited to one billion units. Such a supply ratio should reassure potential investors, as it should prevent an unexpected dilution of the supply pool.
Once purchased, Theta tokens can be stored in any wallet that supports the ERC20 standard.
- To own your crypto assets, you need to manage your own private keys.
- Ledger hardware wallets make private key management easy and secure.
- Each unique 24-word recovery phrase creates a new set of private keys.
- Make sure you secure your 24-word recovery phrase properly.