Surprisingly enough, its token supply/value proposition is one of the most notable aspects of Theta. In fact, it makes a strong case for why investors should consider this crypto project – even though it’s still in early development stages – over other cryptocurrencies available on the market right now.
In July 2018, Slivertv – a live streaming platform that allows virtual-reality (VR) and 360-degree content – partnered with Theta. By doing so, Slivertv users will be able to earn THETA tokens by watching VR and 360-degree videos.
Theta token is a utility token that allows holders to access the blockchain’s decentralized video streaming network (DVPN). Owners of THETA can also use it as PDATA tokens within Slivertv’s ecosystem. The latter will be used for virtual goods purchases, advertisements, and premium features on the live streaming platform.
As an ERC20 token based on Ethereum, THETA enables easy peer-to-peer transactions and immediate conversion into other cryptocurrencies across exchanges . It also makes it possible for third parties to develop applications that use the Theta blockchain and protocol.
Theta is currently in development and not available to purchase (and trade) yet. However, with a market cap of $13 million as of July 2018, we expect this cryptocurrency’s price to surge once it becomes tradable on exchanges.
THETA token was created by Slivertv – an American live streaming platform that allows VR/360-degree content – and Play2live – a blockchain-based streaming platform for gamers . It is ranked at number 149 according to CoinGecko’s comprehensive metric rankings , which measures its overall growth and progress since launch.
The Ethereum blockchain fuels THETA tokens through smart contracts. They also allow decentralized video streaming and any future Dapps that use the Theta blockchain.
THETA is an ERC20 token, which makes it compatible with most Ethereum wallets . At the time of writing, the tokens are priced slightly above $0.021 (1 ETH = 1,000 THETA).
More information about this cryptocurrency can be found on its official website.
Theta’s competition includes Steemit , a social media platform that rewards its content creators and curators for posting videos/articles; DTube , one of the first decentralized video platforms powered by BitTorrent users; and StreamSpace , a decentralized video-sharing protocol that uses peer-to-peer technology to transfer data between users.
With its latest partnership announcement with Slivertv, Theta appears to have a chance at reaching mainstream adoption in the video streaming industry. Given that Theta is still in development, any expectations should be taken with a grain of salt and balances of risks and opportunity need to be made (although we believe that THETA’s upside potential outweighs its downside risk).
With that said, we expect this cryptocurrency’s price to surge once it becomes tradable on exchanges. It is also worth mentioning that live-streaming will continue to grow in popularity over the next few years (especially considering how lucrative it has become for content creators like PewDiePie ) . As such, we believe there is an immense amount of potential for Theta tokens – especially once big players like Facebook get involved.
