Is Theta-Token a Good Investment?

  • Theta network's second native cryptocurrency, THETA, is a governance token designed to help manage the blockchain and its future development. THETA has a fixed supply of 1 billion coins, avoiding the risk of inflation. The Theta blockchain is a purpose-built decentralized video delivery network and cryptocurrency. This innovative platform provides both technical and economic solutions to the problems facing the streaming sector. The Theta blockchain is a purpose-built decentralized video delivery network and cryptocurrency. This innovative platform provides both technical and economic solutions to the problems facing the streaming sector. THETA is the cryptocurrency powering the Theta Network and it can be staked by those wishing to become Validator or Guardian nodes. It allows nodes to validate transactions, produce blocks, vote on changes to the network and earn TFUEL as a reward. Theta is a network powered by three groups of participants: Enterprise Validator Nodes – Companies who stake THETA tokens for the right to process transactions on the network. Current Validator Nodes include Google and Samsung.
  • Guardian Nodes – Users who perform work to ensure that the transaction blocks proposed by the Enterprise Validator Nodes are accurate. Edge Node – Users who either share their bandwidth or relay video streams over the Theta network in return for TFUEL.
Is Theta-Token a Good Investment?
Is Theta-Token a Good Investment?
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Introduction

The Theta blockchain is a purpose-built decentralized video delivery network and cryptocurrency. This innovative platform provides both technical and economic solutions to the problems facing the streaming sector. As such, the Theta blockchain was designed to incentivize the sharing of bandwidth across the network. Specifically, users gain the opportunity to contribute their excess bandwidth and computing resources in exchange for token rewards.

THETA is the cryptocurrency powering the Theta Network and it can be staked by those wishing to become Validator or Guardian nodes. It allows nodes to validate transactions, produce blocks, vote on changes to the network and earn TFUEL as a reward. Further, TFUEL is used to pay for transactions on Theta and is used as the micropayment currency when users pay Edge Nodes for sharing a video stream. 

Lastly, developers wishing to publish a new application on the Theta Network use TFUEL for the deployment and operations of their smart contracts. Like many other cryptocurrencies, the supply of THETA is limited, meaning that according to the software’s rules, there will only ever be 1 billion THETA. 

How does Theta work?

Theta is a network powered by three groups of participants:

  • Enterprise Validator Nodes – Companies who stake THETA tokens for the right to process transactions on the network. Current Validator Nodes include Google and Samsung. 
  • Guardian Nodes – Users who perform work to ensure that the transaction blocks proposed by the Enterprise Validator Nodes are accurate. 
  • Edge Node – Users who either share their bandwidth or relay video streams over the Theta network in return for TFUEL. 

The Theta network also allows developers to build decentralized applications on top of its blockchain. Examples include royalty distribution applications and crowdfunding mechanisms. Theta network users can download an official Theta Wallet app to hold or stake their THETA and TFUEL tokens. Theta also has built a micropayment system for video streaming purposes that allows content viewers and creators to send and receive THETA via the official wallet app.

Modified Byzantine Fault Tolerance (BFT)

Central to Theta is the modified BFT, a proof-of-stake (PoS) governance mechanism that keeps the distributed network of computers running Theta Network in sync. Theta’s consensus mechanism differs from traditional PoS in that both validator and guardian nodes participate in the consensus mechanism, adding an extra level of security to the protocol. These nodes must stake THETA tokens in order to help power the blockchain, produce blocks and vote on changes. Validator nodes are required to stake a minimum of 10,000,000 THETA while Guardian Nodes need to only stake 100,000 THETA. Of note, voting power is determined by the amount of THETA staked.

Financial Analysis

Theta Network price today is $5.59 with a 24-hour trading volume of $295,261,252. THETA price is up 3.8% in the last 24 hours in this writing. It has a circulating supply of 1 Billion THETA coins and a total supply of 1 Billion.

 Theta Network's ROI underperformed in 'Entertainment, Non-Fungible Tokens (NFT)' categories which had 1365% growth over the past year. It's underperformed in the crypto market which had 3764% growth over the past year(2020) in this writing. If you are eager to learn more, see here.

Moreover, a capable marketing team and brand awareness have a direct impact on the success of any project. Theta Network's popularity shows that Twitter with a 39% growth rate and Reddit with a 59% growth rate have a better situation in their marketing process, However, 0% Telegram isn't very good with 0% growth rate, so the marketing group should work on it more than others. You can see more at this link.

Theta Network's Market Cap has descending trend, However, It has a 67% Liquidity Score, so upper than the market's average score, which means that it would be easier to sell Theta Network if the market is growing. You can find our report about Theta Network's market capitalization, price, and liquidity score here.

Theta Network has outperformed other altcoins to post double-digit gains on Friday. In the last couple of weeks, the token has sustained a bullish outlook while bulls bid for gains above $10. A break above a four-month descending trendline encouraged buyers to flock into the market amid increased confidence in the uptrend. THETA is exchanging hands at $6.9, moments after suffering rejection at $7. If bulls can throw another jab at this level, there is a higher chance the token will sail through.

You're saying that I should invest in THETA-TOKEN Network?

We are here to help you make smarter financial decisions by freeing up your intelligence through making it easy to compare thousands of coins. We do all the hard work for you and help you remove emotions from your decisions. However, making an investment decision requires considering your own financial situation and comparing your investment options.

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