theta token

Theta Token

Theta token is the next generation video delivery powered by you

The company’s mission is to leverage the decentralized blockchain structure to create the first Decentralized Streaming Network (DSN) whereby video viewers are incentivized to share redundant memory and bandwidth resources to address today’s video streaming challenges. Using the Ethereum EVM “World Computer” metaphor, the DSN can be viewed as the “World Cache” formed by the memory and bandwidth resources contributed by viewers.

Specifically, viewers around the globe can contribute their computers as “caching nodes” whereby they form a video delivery infrastructure that is responsible for delivering any given video stream to viewers anywhere around the world. The DSN can effectively address the technical challenges discussed in the previous section. First, viewers’ computers are geographically much closer to each other than to the CDN POPs. This reduces packet round-trip time and improves the stream delivery quality, and thus addresses the “last-mile” delivery issue. Second, with sufficient amount of caching nodes, most viewers will receive the stream from caching nodes, this will help streaming sites reduce their CDN bandwidth cost. Third, caching nodes also reduce round-trip time making foveated streaming technology practical.

To encourage viewers to contribute their memory and bandwidth resources, we introduce the Theta protocol as an incentive mechanism. The caching nodes can mine new tokens as they relay video streams to other viewers. Not only does Theta tokens motivate viewers to join the network as caching nodes, but it also greatly improves the streaming market efficiency by streamlining the video delivery process.

Theta Token Detals

TokenTheta
Token TypeERC20
Token Price1 Theta = 0.15 USD
Currencies AcceptedETH
ICO Start DateJanuary 15, 2018
ICO Start DateFebruary 15, 2018
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