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Opinion: June 5, 2021. What is the Theta Token?

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@marcusantoniu26
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The Theta token (THETA) is the governance token of the Theta protocol, which is the set of instructions by which the Theta Network operates. The Theta Network is a video delivery network that uses blockchain technology. The Theta Network operates in its own Theta blockchain, design specifically to host the Theta Network. This network allows the people using it to watch video content and, at the same time, earn token rewards. The users can also provide spare bandwidth and computing resources to relay video to other users and earn token rewards for this contribution. PCs, mobile devices, or smart TVs can contribute to the Theta Network.

THETA can be purchased as cryptocurrency. The interesting thing is that only 1 billion THETA will ever exist. As the network grows, one can expect the price of THETA to increase, as it has already done from $0.04 in March 2020 to $8.94 today.

There is a second token called TFUEL. This is the operational token of the Theta protocol. The difference with THETA is that it is inflationary, meaning that TFUEL is constantly being created at a fixed rate.

To get more information please follow the link.

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