Theta Token (THETA) is a blockchain-based cryptocurrency designed to create a decentralized video streaming network. It is based on the Ethereum blockchain and has been designed to help create a platform for content creators, streaming platforms, and viewers. The goal of Theta Token is to create a frictionless video streaming experience by allowing users to directly access content and earn rewards for sharing it.
Theta Token is the native cryptocurrency of the Theta Network, which is a decentralized video streaming platform. The Theta Network is built on the Ethereum blockchain and is designed to allow users to stream video content directly from their devices without needing to rely on a centralized server. This provides users with a more secure and efficient way to access and share content.
Theta Token is also used to incentivize users to share their content and encourage viewers to watch it. Content creators are rewarded with Theta Tokens when users watch their content, and viewers can also earn tokens by watching content. Theta Token is also used to reward users for running the Theta Network nodes which power the network.