What is Theta Network?
Theta Network (THETA) is a native cryptocurrency to a video delivery network platform that also goes by Theta Network. The decentralized digital streaming network offers many blockchain-based solutions to problems in the traditional video streaming industry. The platform provides several incentive structures for decentralized traffic and content sharing.
The thriving cryptocurrency coin intends to lower the running costs of video streaming providers like YouTube. It functions by shifting some of the work from the CDN to Theta’s decentralized network of computers. Just like BitTorrent, users swap video files, but it really compensates them for doing so with a cryptocurrency known as Theta Fuel (TFUEL) token.
Theta (THETA) cryptocurrency is the creation of Theta Labs, a firm founded in 2016 by Mitch Liu, the creator of a mobile gaming company, and Jieyi Long, an eSports platform industry pioneer. The business initially focused on developing virtual reality (VR) video streaming technology.
However, they quickly found a number of challenges relating to centralized bandwidth, prompting them to see that blockchain technology may possibly deliver considerable advantages. This discovery resulted in the creation of the Theta Network.
The World Poker Tour (WPT), the industry’s premier live poker entertainment provider, has added the native Theta Network protocol and Theta Fuel micropayments to its platform. The company has launched a 24/7 poker channel on the WPT website that is powered by the Theta blockchain so that fans may take advantage of the platform’s decentralized streaming protocol.
By integrating Theta, top entertainment and streaming companies like WPT are able to reduce their video delivery CDN costs by as much as 50% while simultaneously improving user engagement, viewing length, and revenue. Users may earn TFUEL tokens by sharing video content using their enhanced bandwidth and processing capabilities. Theta blockchain’s innovative technique allows fans to earn up to $10-$15 per month simply by viewing their favorite poker video on their browser, with no download required.
Theta Network has launched an offline non-fungible token (NFT) utility campaign in collaboration with Samsung and many South Korean shops. It is the world’s largest offline NFT utility campaign, with over 100,000 NFT holders able to use their Theta NFT both online and offline thanks to ThetaPass technology. Holders who install the NFT authentication software can tag their phones at various offline retail establishments to verify their NFTs.
In addition to developing the platform, Theta Labs plans to host a trading platform for NFT. Unique NFTs can stand in for works of digital art or music that have been created digitally. Creators of Theta TV content will be allowed to issue their own NFTs, which they can then use to interact with their viewers in the market.
Any cryptocurrency exchange may sell Theta Network (THETA) depending on local legislation. These stock-like exchanges let you buy and sell bitcoins. After buying THETA coins, you will need a digital wallet. Make sure your THETA coin wallet supports ERC-20. BTC and ETH may be exchanged for THETA and TFUEL on approved exchanges.
Staking Theta Network coins requires a staking-capable wallet. Ledger Live, Trust Wallet, and Atomic Wallet may stake Theta tokens. You can join a staking pool with your Theta tokens in a staking wallet. Theta Network users can stake in official or unauthorized pools. After joining a pool, you can stake your tokens and gain incentives.
1. Create an account at Bybit.com
Visit the Bybit website and create an account. The website will require you to enter your details, which will be entering your email address and creating a password. Your account will be then ready to use.
2. Identity Verification
Verify your identity by entering the necessary personal information and completing the verification procedure. Identity verification may generally require you to present a photo ID, your passport, or any form of identification card to match your identity.
3. Include a payment method
Register a means of payment, such as a credit card, debit card, or bank transfer. Please make sure your cards are not expired and your bank account has sufficient balance to continue the process. Bybit accepts a variety of fiat currency deposits, so it is less likely you may face an issue.
4. Go to the trading page
Once your account has been established and financed, you are ready to use the website. Navigate to the trading page and look for the THETA/USDT trading pair.
5. Place an order
On the trading page, you can place an order to buy THETA by indicating the quantity and price you are prepared to pay. You can place a market order, which executes the transaction at the current market price, or a limit order, which executes the deal only at a predetermined price.
6. Confirm transaction
After you’ve submitted your order, double-check it to ensure that all of the details are right, and then confirm and execute the deal.
7. Keep THETA in a wallet
Once the transaction has been completed, you can withdraw your THETA to your personal wallet, which is suggested for security reasons.
Please keep in mind that Bybit’s trading pairs, fees, and verification procedure are subject to change, so double-check the Bybit website for the most up-to-date information.
Theta Network, just like any other cryptocurrency, has its own set of pros and cons involved. THETA’s value can be very volatile and can be easily influenced by a range of factors, such as the latest updates to technology, market conditions, and changes to regulations by law.
When investing in THETA, we recommend researching the market thoroughly and getting a good overview. Moreover, it is also better not to invest more than needed so that the risk increases and you lose more than needed if it happens.
However, Theta Network has generally shown positive potential in terms of increasing user purchases and collaboration with multinational companies. The market predicts the demand for decentralization for video content delivery will likely increase, so there is hope for substantial growth for Theta Network.
Theta Network price projections for the years 2025 to 2030 are based on technical analysis of previous price data. Theta Network’s pricing is predicted to rise further in the future, with the average price reaching $2.78 in 2025, $4.05 in 2026, $5.99 in 2027, $8.96 in 2028, $12.29 in 2029, and $17.17 in 2030.
In terms of safety, Theta seems quite promising. First and foremost, its primary goal makes it simple for the team to regularly add new features. Video streaming needs ongoing innovation in order to improve the customer experience.
Developers can pay network bandwidth suppliers with Tetha’s TFUEL coins and THETA tokens.This indicates that TFUEL is a built-in technique for Theta to improve its technology. This implies that investors won’t have to worry about Theta taking a completely different path.
Overall, Theta is a secure cryptocurrency. Whether or if it is sufficient will ultimately rely on your risk tolerance. If you’re willing to put your money into a new enterprise, Theta Network has a lot of potential for sure.
Theta Network Basics
The primary characteristics of Theta Network are as follows.
|Cryptocurrency Features||Theta Network (THETA)|
|Publisher or Developers||Theta Labs|
|Jurisdiction of Incorporation (Registration Number)||Cupertino|
|Published Date (CMC Registration)||2018-01-17|
|Max Supply||1,000,000,000 THETA|
Investment Suitability of Theta Network in 2023
The results of the Theta Network investment suitability evaluation conducted by Coin-Labs are as follows.
|Investment Suitability Rating Items||Scores and Current Status|
|Company Activation Rate||/ 10.0 CAR|
|Communication Rate||/ 10.0 CR|
|Technology Transparency Rate||/ 10.0 TTR|
|Development Participation Rate||/ 10.0 DPR|
|Listing Status on the Top 4 Exchanges in Korea||Listed on 2 Exchanges|
|Listing Status on the World's Top 10 Exchanges||Listed on 6 Exchanges|
|Number of Available Pairs Worldwide||135 Pairs|
|Market Cap of the Cryptocurrency||1,402,894,122,330 KRW (Rank #47)|
Theta Network Price
The price and recent trading volume of Theta Network are as follows. (Data of 2023-01-27 17:50:24)
|Price Items||Price and Trading Volume of Theta Network|
|Theta Network Price||1,402.894 KRW|
|Price Change 24h||7.02%|
|Price Change 7d||26.65%|
|Trading Volume 24h||120,033,210,477 KRW|
|Trading Volume Change 24h||137.67%|
You can check the development status and social media information of Theta Network through the links in the table below.
|🌎 Official Website||https://www.thetatoken.org/|
|📖 White Paper||https://s3.us-east-2.amazonaws.com/assets.thetatoken.org/Theta-white-paper-latest.pdf|
|🛰️ Source Code (GitHub)||https://github.com/thetatoken|
|🎺 Message Board|
Korean Crypto Exchanges where Theta Network is Listed
Korean crypto exchanges where Theta Network is listed in 2023 are as follows.
|Top4 Exchanges||Listed Status||Page URL|
World Crypto Exchanges where Theta Network is Listed
World crypto exchanges where Theta Network is listed in 2023 are as follows.
|Top10 Exchanges||Listed Status||Page URL|
Frequently Asked Questions
What is the current price of Theta Network?
Theta Network price today is 1,402.894 KRW. Furthermore, the price of Theta Network has fluctuated by 7.02% from 24 hours ago, and by 26.65% from a week ago.
Where is Theta Network listed?
Currently, it is listed on a total of 2 among the 4 largest exchanges in Korea, and is listed on a total of 6 among the world top 10 exchanges.
What is the market cap of Theta Network now?
Currently, Theta Network has a market cap of 1,402,894,122,330 KRW, which is ranking 47 among cryptocurrencies worldwide.
How much is the trade volume of Theta Network?
Currently, 1,000,000,000 THETA coins are circulating through 135 market pairs. As a result, in the last 24 hours, 120,033,210,477 KRW of THETA coins were traded in the market.