What is the circulation of THETA coin? This article introduces the application scenarios of THETA coin

THETA coin is essential to the Theta Network, incentivizing users for video streaming support, staking, governance, and payments within its ecosystem.

Oct 25, 2024 at 10:59 pm

What is THETA Coin?

THETA is a blockchain-based platform that aims to decentralize video streaming and delivery. It uses a peer-to-peer network to distribute video content, which reduces the cost and improves the quality of streaming. THETA also rewards users for sharing their bandwidth and resources to support the network.

THETA Token Circulation

The total supply of THETA coins is 1 billion. Currently, there are approximately 1.28 billion THETA coins in circulation, which makes up 128% of the total supply. The excess coins in circulation are a result of the Theta Mainnet 3.0 Upgrade that created a new generation of tokens and migrated the original Theta coin supply from THETA 1.0 to THETA 3.0.

Applications of THETA Coin

THETA coin has various applications within the Theta Network, including:

1. Rewarding Users: Users who share their bandwidth and resources to support the Theta Network are rewarded with THETA coins. This incentive mechanism encourages users to contribute to the network and maintain its efficiency.
2. Staking: THETA coin holders can stake their coins to earn rewards and support the network's security. Staked THETA coins are used to validate transactions and participate in the consensus process.
3. Governance: THETA coin holders have voting rights and can participate in the governance of the Theta Network. They can vote on proposals to improve the platform and its features.
4. Payment: THETA coins can be used for transactions within the Theta ecosystem, such as purchasing video streaming services or rewarding content creators.

Conclusion

THETA coin is an integral part of the Theta Network, a platform that aims to revolutionize video streaming and delivery. Its use cases within the ecosystem, such as rewarding users, staking, governance, and payments, contribute to the network's efficiency, security, and community growth. With its large circulating supply, THETA coin provides ample opportunities for users to engage with the platform and benefit from its features.