Key metricsKey metrics
PricePrice$0.1151
Asset TypeAsset TypeCryptocurrency
StructureStructureFor Profit Company
Project StatusProject StatusWorking Product
OwnershipOwnershipFree
SectorSectorStreaming
IndustryIndustryEntertainment
FoundedFounded4-Jan-2018
Funds raisedFunds raised20M
CountryCountryUnited States
Key personKey personJieyi Long

Theta Token (THETA) Information{coin_name} ({symbol}) Information

Next generation video delivery powered by you.

Theta is a blockchain and token that will be used to power a decentralized video streaming and delivery network. The Theta Token functions as an incentive mechanism that encourages users to share their unused memory and bandwidth, serving as video caching and relay nodes for the network. Theta will be an open-source project that will be shared with industry and community participants, and our long-termvision is to have all video platforms participate in the network by building decentralized apps (Dapps) ontop of the Theta protocol. Applications such as TV, movies, esports, music, education, and enterpriseconferencing can benefit from building on the Theta Network.Theta ERC20-compliant tokens are live and fully integrated into the SLIVER.tv platform as of December2017. The new native blockchain and protocol is planned to go live in Q4 2018, at which point each ERC20 token will be 1:1 exchanged for native Theta Tokens.

Team OverviewTeam Overview

Mitch Liu
Cofounder / CEO

Cofounder SLIVER.tv, Cofounder Gameview Studios, Cofounder Tapjoy, BS in Computer Science & Engineering from MIT, MBA from Stanford Graduate School of Business

Jieyi Long
Cofounder / CTO

Cofounder SLIVER.tv, BS in Microelectronics, Peking University, PhD in Computer Engineering, Northwestern University, Developed multiple patented technologies including VR live streaming as well as instant replays for video games.

Ryan Nichols
Chief Product Officer

Chief Product Officer at SLIVER.tv, Designed and launched virtual currency systems for a variety of platforms., Director at Tencent for the Wechat app, Cofounder of a live video streaming app for foodies

Riz Virk
Head of Corp Development

Director at Play Labs @ MIT, Early investor in cryptocurrency and blockchain companies, Co-author of many cryptocurrency related papers, BS in Computer Science & Engineering from MIT, Masters in management from Stanford Graduate School of Business

Ribao Wei
Principal Engineer
Roy Zheng
Streaming Architect
Jing Xu
Blockchain Engineer
Zhenyang Tang
Blockchain Explorer Engineer
Rene Garcia
Platform Engineer
Tim Li
Head of Platform
Wes Levitt
Head of Strategy
Bruce Chong
Head of Korea Development

OrganizationsOrganizations

Theta Labs Inc.

Company NumberCompany Number 1718875
20410 Town Center Lane, Suite 270, Cupertino, CA 95014, US

Questions and AnswersQuestions and Answers

What is Theta?
Theta is a blockchain and token that will be used to power a decentralized video streaming and delivery network. The Theta Token functions as an incentive mechanism that encourages users to share their unused memory and bandwidth, serving as video caching and relay nodes for the network. Theta will be an open-source project that will be shared with industry and community participants, and our long-term vision is to have all video platforms participate in the network by building decentralized apps (Dapps) on top of the Theta protocol. Applications such as TV, movies, esports, music, education, and enterprise conferencing can benefit from building on the Theta Network. Theta ERC20-compliant tokens are live and fully integrated into the SLIVER.tv platform as of December 2017. The new native blockchain and protocol is planned to go live in Q4 2018, at which point each ERC20 token will be 1:1 exchanged for native Theta Tokens.
What is the Theta decentralized video mesh network and how does it work?
In Theta’s decentralized video mesh network, viewers will be incentivized to share redundant bandwidth and computing resources to address today’s video streaming challenges. Viewers around the globe can contribute their devices as caching / relay nodes whereby they form a video delivery infrastructure that is responsible for relaying any given video stream to other geographically near viewers.
What problems are the Theta network solving?
There are three major challenges in the video streaming industry today: 1. Poor video stream quality caused by the “last-mile” problem, particularly in developing countries; 2. High cost of video content delivery and content delivery networks (CDNs); 3. Inefficient video ecosystem and lack of transparency among advertisers, influencers and users.
What are Theta Tokens? How will Theta Tokens be used?
Theta Tokens work as a long-term sustainable incentive mechanism to motivate various stakeholders to participate in the network: 1 1. Users earn new tokens by caching and relaying video streams; 2. Viewers can gift Theta Tokens to support their favorite streamers, content creators, and to purchase premium products, services and virtual goods; 3. Advertisers can use tokens to fund advertising campaigns to support influencers, streaming sites and viewers; 4. Viewers can also optionally earn tokens from advertisers as an engagement reward for their attention.
How is Theta different from other video tokens?
Theta is aiming to develop a new blockchain and technology purpose-built for video delivery and streaming, while the tokens work as an incentive and reward mechanism to motivate all stakeholders, specifically the video caching/ relay miners to participate in the network. Most other existing video tokens are ERC20-only application level tokens, and do not have the technical ability to scale and handle infrastructure level video delivery needs with built-in incentives. Theta is the only end-to-end solution for decentralized video streaming, providing incentives to all users within the network. In the long-run, as more caching and relay nodes join and the Theta network becomes denser the utility of tokens will also increase.
What benefits does the Theta Network provide over existing content delivery networks?
Theta’s decentralized network provides various benefits to stakeholders in the streaming video ecosystem: 1. Viewers: Improved video Quality of Service (QoS) and the potential to be rewarded just for watching videos; 2. Caching Nodes / Relayers: The opportunity to earn Theta Tokens by sharing their bandwidth, relaying video streams, and supporting the Theta Network; 3. Streaming Video Platforms: Bandwidth costs can be reduced by up to 80% for video streams off-loaded to the Theta mesh network, which increases the profitability of video platforms and provides them greater ability to reward content creators and their viewers; 4. Content Creators: Increased transparency of video views and payments, allowing creators to earn more for the content they have created; 5. Advertisers: Increased transparency of which ads are being viewed via proof-of-engagement, leading to more effective, directed ads and better user experience
Why is Theta purpose-building its own blockchain?
The main reasons are to incorporate features specific to a streaming video use case such as handling off-chain micropayment transactions for video streaming, enabling content consumption proof of engagement, and to cultivate the largest decentralized video streaming ecosystem through enabling the development of Dapps on top of the Theta protocol. 2 Theta will enable ultra high transaction throughput on the blockchain for payments and relaying of video segments. Furthermore, micropayments which are recorded on the blockchain are associated with resourceIDs, which denote video segments delivered to end viewers. This can be used for the purposes of proof of engagement and also content rights management. Developing a purpose-built blockchain is the only way to guarantee an appropriate protocol for all media and video streaming use cases
What type of consensus will Theta blockchain use?
Currently, Theta ERC20 tokens are based on proof-of-work (PoW) and with the native blockchain is being built with a proof of stake consensus mechanism based on the Tendermint protocol. This offers numerous advantages in our use case, including increased scalability, less wasted resources, and greater versatility to create economic incentives. More detail on the token economics of the Theta Network will be released ahead of our testnet launch in late Q2 2018.
Who is building Theta?
Theta Labs, Inc. is a wholly-owned subsidiary of SLIVER VR TECHNOLOGIES, Inc, both US Delaware C-Corp. Theta Labs is governed by the board of directors of SLIVER.tv and consists of founders Mitch Liu and Jieyi Long, and Dovey Wan, Managing Partner of Danhua Capital. SLIVER.tv, a leading esports entertainment platform has raised over $17MM in equity financing from Silicon Valley VCs, Hollywood media investors including Danhua Capital, DCM, Sierra, Advancit, Creative Artists Agency, BDMI, Greycroft and major corporations including Samsung and Sony.
What strategic partnerships has Theta formed?
Theta Labs has partnered with SamsungVR and Aelf. SamsungVR is spearheading the Theta Media Advisory Council, a select group of early partners to provide input and contribute strategic direction for the native Theta blockchain rollout. SamsungVR has the largest library of immersive 360 VR experiences, viewable across a number of devices and form factors. Aelf is a new decentralized cloud computing blockchain network with high-performance resource segregation and governance structure.. Additional partnerships in the media, streaming video, and blockchain verticals will be announced in the upcoming months

TechnicalTechnical

Key metricsKey metrics
PrivacyPrivacyPseudonymous
AlgorithmAlgorithmEthash
ProofProofProof of work
Token InformationToken Information
Theta Token is a token on the ETH platform using the ERC-20 standard. The address of the token contract is 0x3883f5e181fccaF8410FA61e12b59BAd963fb645.

Source Code Repositories

thetatoken/theta-protocol-ledger 69 Stars 7 Contributers 7 Open Issues

Reference implementation of the Theta Blockchain Ledger Protocol

thetatoken/theta-erc20-token-sale 27 Stars 2 Contributers 3 Open Issues

Smart contracts for the Theta ERC20 token sale

thetatoken/theta-protocol-delivery-lib 26 Stars 6 Contributers 0 Open Issues

Reference library/SDK of the Theta Mesh Delivery Protocol

EconomicsEconomics

Tradeable CoinsTradeable Coins
870,502,690 (87% of total) ({tradeable_of_total} of total)

Rich List Addresses holding the largest balances

AddressAddress AmountAmount NameName
0xc15149236229bd13f0aec783a9cc8e8059fb28da 100,000,100
0x0c9a45926a44a6fc9c8b6f9cb45c20483038698c 96,997,300
0xbe0eb53f46cd790cd13851d5eff43d12404d33e8 90,000,000
0xadb2b42f6bd96f5c65920b9ac88619dce4166f94 87,850,371.845 Huobi 7
0xf9bef8565d0fc134f5dcb6601b686a2de45dfec6 60,000,001
0xb6ae2ce381aeb220eff8a7b6e91363e8a897619a 59,806,341.096
0xf977814e90da44bfa03b6295a0616a897441acec 36,000,000.966
0x3f5ce5fbfe3e9af3971dd833d26ba9b5c936f0be 28,914,549.52 Binance 1
0x9e200cbec8503f025f87894f2eb0b59bd7a1d5f0 26,782,964
0x3c28a0a84981084e7f72b2a0d138b1f6cf8d4b89 23,779,970.871
0x7793cd85c11a924478d358d49b05b37e91b5810f 17,167,584.606 Gate.io 2
0x110d7e8fa7b141f0791269084b480a9457b42189 10,000,000.051
0x0d0707963952f2fba59dd06f2b425ace40b492fe 8,887,433.072 Gate.io 1
0x6cc5f688a315f3dc28a7781717a9a798a59fda7b 8,350,411.082 Okex 1
0x28eed0b4ecee9e4c23f492352bc22b4620f8a136 7,692,207.69
0x87926ca8046d64f9b467c138774d1cb9befeca17 7,077,873
0x6e47dc186093eeb1710ba5fca645cfb2347b54b9 6,156,600.339
0x44e4df6c4dc3b1de2aa25606c2270a8d04c95c4d 5,826,614
0x4dc591e338115a9ad811bfd0f091d17860f8b4c2 4,517,474.788
0x703db0eb9a4c526c3ef65c512c4d9fbf6f74d17e 4,166,656

Exchange Markets

ExchangeExchange MarketMarket PricePrice DiffDiff Volume 24hVolume 24h SpreadSpread Spread $1kSpread $1k
Binance THETA/BTC $0.1152 0.1% $334,047 0.2% 0.61%
Upbit THETA/KRW $0.1144 -0.57% $97,141 1.4% 1.4%
Binance THETA/USDT $0.1154 0.3% $87,389 0.56% 1.4%
Binance THETA/ETH $0.1149 -0.14% $74,400 0.22% 0.96%
Binance THETA/BNB $0.1150 -0.03% $29,506 0.81% 1.5%
Gate.io THETA/USDT $0.1155 0.34% $22,166 1.6% 4.1%
Gate.io THETA/ETH $0.1161 0.88% $75.92 3.9% 41%

Latest Theta Token NewsLatest Theta Token News

Theta Network (Not giving away ETH/BTC) on Twitter

Check out the latest from Theta in our November roundup! https://t.co/iDp0OUmsSb…

Theta Token on Twitter ReadRead 

Theta Network (Not giving away ETH/BTC) on Twitter

Esports fans, check out the new Ring of Elysium channel on @sliver! Viewers can win prizes including Theta Tokens and special RoE skins that Tencent created exclusively for https://t.co/6Tk7ZrWJNy! https://t.co/g84VpQl9Ay… https://t.co/jJNHGFpxi2

Theta Token on Twitter ReadRead 

Theta Network (Not giving away ETH/BTC) on Twitter

Tencent Games Forms Partnership with https://t.co/6Tk7ZrF8oY to launch a 24/7 live esports channel powered by Theta rewards! @roe_tencent https://t.co/OQijhQvhYy

Theta Token on Twitter ReadRead 

Theta Network (Not giving away ETH/BTC) on Twitter

Theta team lecturing at KAIST (top-ranked engineering school in Korea)! We'll be back in January to teach a one week course on blockchain and entrepreneurship.… https://t.co/u6uWntLK5o

Theta Token on Twitter ReadRead 

Samsung NEXT on Twitter

Executives from @ThetaToken will teach a graduate-level credit course in #blockchain development. When can we enroll? https://t.co/wbUHZbTLNu

Theta Token on Twitter ReadRead 

Theta Network (Not giving away ETH/BTC) on Twitter

Pulse News: "Theta Labs to share real-world blockchain tech experience with KAIST students" https://t.co/iZf888HbtU

Theta Token on Twitter ReadRead 

Theta Network (Not giving away ETH/BTC) on Twitter

Theta team is launching a blockchain education program with KAIST, top-ranked engineering school in Korea! 1st seminar is Friday, then a 1 week course we'll teach in January. Also founding Theta club for students to build on open-source Theta protocol: https://t.co/rug4gJgEYs

Theta Token on Twitter ReadRead 

Korea’s KAIST University Adds Blockchain Application Courses to Curriculum

South Korea’s leading technology university, the Korea Advanced Institute of Science and Technology (KAIST), is working with Theta Labs , the first blockchain-based video delivery system, to introduce students to an entirely new set of coursework regarding the applications of blockchain technology. “We’re kicking...

Bitcoin Magazine ReadRead 

Theta Network (Not giving away ETH/BTC) on Twitter

Big update for the Theta project today! We've released the Theta Mainnet source code and version 2.0 of our white paper with lots of exciting development updates. Read all about it here: https://t.co/F9o6s8CtoL… https://t.co/DCSQO8uLbP

Theta Token on Twitter ReadRead 

Theta Network (Not giving away ETH/BTC) on Twitter

Theta CEO @mitchliu will be speaking at Beyond Blocks Summit in Bangkok November 26th! If you're attending, be sure to catch his panel "Cryptoreality VS. Cryptofuture: The Path To Mass Adoption" https://t.co/MspwD1syz1

Theta Token on Twitter ReadRead 
This information is provided AS IS and is not adviceThis information is provided AS IS and is not advice. May contain errors or omissions. Please always do your own research before trading.May contain errors or omissions. Please always do your own research before trading.
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