Blockchain and cryptocurrencies can be used for a lot of different purposes. Theta Token is using blockchain for video streaming with End-to-end decentralized video delivery. The main aim is to provide high-quality video streams without the buffering. They are planning on utilizing bandwidth and storage from users to reduce the cost of video streaming with improved quality. In exchange for sharing bandwidth and resources, the users will be given Theta tokens.
Today’s video streaming has a lot of issues. Many video streams suffer from “last-mile” delivery problems which lead to frequent lag, re-buffering. Theta Token’s team has come up with a solution to this problem using decentralized blockchain technology. Blockchain technology is the world’s very first Decentralized Streaming Network (DSN). It was launched on November 23rd, 2017. Theta Token’s total supply is 1,000,000,000 tokens, and its circulating supply is 706,502,689 tokens.
Theta Token has traded down 18.2% against the U.S. dollar during the one day ending at 11:00 AM E.T. on January 21st Theta Token has a total Mcap of $32.55 million, and approximately $2.21 million worth of Theta Token was traded on exchanges in the past 24 hours. One Theta Token can now be bought for about $0.0461 or 0.00001345 BTC on major exchanges including Huobi, Coineal, DDEX and Coin bit. In the past week, Theta Token has traded downward 30% against the U.S. dollar.
Now we can see how the related cryptocurrencies performed in the past 24 hours:
IOStoken (IOST) has traded 0.3% lower against the dollar and now trades at $0.0396 or 0.00000526 BTC.
Maker (MKR) has traded down 7.9% against the dollar and now trades at $398.85 or 0.11523632 BTC.
Pundi X (NPXS) has traded 13.4% higher against the dollar and now trades at $0.0007 or 0.00000019 BTC.
IOST (IOST) has traded 2.7% lower against the dollar and now trades at $0.0060 or 0.00000173 BTC.
MCO (MCO) has traded 2.8% higher against the dollar and now trades at $4.39 or 0.00068464 BTC.
THETA (THETA) has traded up 12.5% against the dollar and now trades at $0.0665 or 0.00001922 BTC.
Huobi Token (HT) has traded 0.5% lower against the dollar and now trades at $0.93 or 0.00026825 BTC.
Aurora (AOA) has traded up 3.7% against the dollar and now trades at $0.0070 or 0.00000203 BTC.
Oyster (PRL) has traded flat against the dollar and now trades at $0.51 or 0.00008001 BTC.
Project Pai (PAI) has traded 0.9% higher against the dollar and now trades at $0.0304 or 0.00000878 BTC.
Among the total 2059 available cryptocurrencies listed in Coinmarketcap, Enigma is on 68th rank. Theta Token can be obtained on the cryptocurrency exchanges: Bithumb, Fatbtc, IDEX, Coinbit, Coineal, Huobi, WazirX, Gate.io, OKEx, Binance, DDEX, Upbit, and Hotbit. Presently we cannot buy alternative cryptocurrencies such as Theta Token directly using US dollars. Investors who wish to buy Theta Token should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Theta Token using one of the mentioned exchanges.
Theta Network allows video platforms to improve viewer engagement, drive incremental revenues, and differentiate their Content and viewing experience from their competitors.