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Blockchain

What is the THETA token used for?

How THETA token is used in the video service. Theta Network is a decentralized video streaming service powered by an underlying blockchain.

THETA token

Is the governance and native token of Theta Network.

THETA token is used for

  • Governance
  • Staking for the network

How could value accrue to the token?

Locking

  • Staking for the network

What is Theta Network?

A decentralized video streaming service powered by an underlying blockchain.

How does it work?

The streaming platform runs on a multi BFT consensus blockchain.

The network allows users to watch video content and at the same time earning token rewards for relaying content to other viewers.

Enterprise validators

20 – 30 Enterprise nodes will stake tokens and produce blocks.

Enterprise nodes:

  • Google
  • Samsung
  • Sony
  • Theta Labs
  • Binance

Among others.

Guardian nodes

Around 1000 nodes will oversee and validate the enterprise nodes for any malicious behaviour.

Theta Edge Nodes

A decentralized community of Edge Nodes will serve content to other users. All through Theta’s Peer-2-Peer network.

TFUEL token

TFUEL is the utility and payment token of the network.

  • 5% inflation to validators and guardians.
  • 2-4% Edge node network.

Users can stake TFUEL to upgrade and edge node to an elite edge node. And earn more tokens.

Burning

Theta will implement a EIP-1559 type burning mechanism (a basefee) for TFUEL when using the network.

THETA tokenomics

Total supply: 1 000 000 000

TFUEL initial supply: 5 000 000 0000

Presale: $0.12

Docs

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THETA token price

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