When was THETA coin issued? Learn about the origin of THETA coin in one article

THETA Coin: Unveiling Its Origins and Launch Date

1. Creation of THETA

The idea behind THETA emerged in the early 2010s when founders Mitch Liu and Jieyi Long recognized the challenges of distributing video in a decentralized manner. They saw the need for a blockchain-based solution that would improve the performance and cost of video broadcasts.

2. Founding of THETA Labs

In 2017, Liu and Long founded THETA Labs, a company dedicated to the development of the THETA blockchain and the THETA token. The company's goal was to build a distributed network of video caching nodes to make video transmission faster and more affordable.

3. Launch of THETA token

The first token sale (ICO) for THETA took place on March 15, 2018 . The company raised over $20 million. The THETA token served as an incentive for users to participate in the caching network and help validate transactions.

4. Network startup

THETA mainnet was launched on March 16, 2019 . With the launch of the mainnet, any participant could join the network and deploy their resources as kaching nodes. In return, they received THETA tokens as a reward.

5. Further development

Since the launch of the mainnet, THETA Labs has continuously developed new features and improvements to the network. This includes the launch of Theta Video, a video sharing platform, Theta Drop, a digital collectibles marketplace, and ThetaEdge, an edge video distribution network.

Conclusion

THETA Coin was launched on March 15, 2018 as a native token of the THETA network. The network aims to provide a decentralized video streaming platform powered by blockchain technology. By promoting a distributed caching network, THETA enables faster and more cost-effective video delivery and rewards users for their contributions to the network.