Theta Token has been doing very well recently. Currently sitting well above its pre-sale price, Theta is looking to redefine the video streaming industry. Below is what you should know about Theta Token as well as its upcoming Mainnet launch and token swap/drop.
Circulating Supply: 1,000,000,000
Pre-sale Price: $0.067
Current Price: $0.18
What should you like about Theta?
When I first heard about Theta, I went to their website and was very excited about what I saw. In my initial skim, the first thing I noticed was how nice their website looked. I continued to the whitepaper, seeking to find information on why they think their product brings value to the world, and was impressed by the problem they were trying to tackle and how they planned to approach it.
Currently, many individuals, especially those located outside of urban areas, struggle to receive high-quality live streams. Theta is looking to improve the video streaming industry by allowing users to voluntarily offer their unused bandwidth to big data companies in return for payment. By allowing others to use your bandwidth, you are giving people better streaming quality and a better streaming experience than they may have had otherwise.
Of all internet traffic today, over two-thirds of it is related to live video streaming. This number is expected to jump to over 80% by 2020. There is no doubt that the live streaming market, especially the esports live streaming market, is exploding.
What stage of development are they in?
Theta is currently in Phase 4 of their development and are proceeding on schedule with the release of their native Theta blockchain in Q1 2019. This release will take place soon on March 15th, 2019.
What are potential issues with the project?
Potential issues could be lack of a user base as the success of Theta will rely on how many users make the choice to sacrifice their bandwidth for payouts. However, Theta is currently in the top 40, surrounded by other well-established names with big followings. Theta is certainly in a position to succeed.
Why will others buy and use this coin?
People will buy this coin to tip their favorite streamers on SLIVER.tv, the streaming service parent company of Theta. SLIVER.tv is already establishing itself as a well-known streaming platform, it saw 6 million users in June 2018, Theta being a child of SLIVER.tv puts Theta in a great position to reach the masses. We already see people tipping their favorite streamers often on Twitch, the current dominator of the gaming live stream market, so it is likely that viewers will do the same on SLIVER.tv. Users of SLIVER.tv will also be payed out in TFUEL for watching advertisements on the site.
Any big news coming in the short term?
Yes! The biggest news in the short term for Theta is the upcoming token swap where Theta will be moving from being an ERC20 token to a token on their own blockchain. The snapshot for the airdrop will be taken at Ethereum block height 7,356,258 which will occur at approximately 7PM UTC on March 12th. If you want to participate in the airdrop, you will need to have your Theta tokens either in your iOS or Android Official Theta Wallet, or have your Theta coins on Binance, UPbit, Bithumb, Gate.io, DigiFinex, or Huobi. For every token you have in these places during the snapshot, you will receive 1:1 ERC Theta Token: Mainnet Theta Token, and 1:5 ERC Theta Token: Theta Fuel (TFUEL) which will be the Theta Blockchains operational or ‘gas’ token.