1. Project Introduction
The project introduces the Theta blockchain to address various challenges the video streaming industry faces today. First, Theta tokens are used as an incentive to encourage individual users to share their redundant memory and bandwidth resources as caching nodes for video streams. This improves the quality of stream delivery and solves the “last-mile” delivery problem, the main bottleneck for traditional stream delivery pipelines, especially for high resolution high bitrate 360° virtual reality (VR) streams. Second, with sufficient amount of caching nodes, the majority of viewers will pull streams from peering caching nodes. This significantly reduces content delivery network (CDN) bandwidth costs, which is a major concern for video streaming sites. Lastly, the Theta network greatly improves the streaming market efficiency by streamlining the video delivery process. For example, advertisers can target end viewers at a lower cost and reward influencers more transparently.
2. Token Info
- Token Name: Theta
- Token Symbol: THETA
- Total supply: 1,000,000,000 tokens
- Initial circulation supply: 618,750,000 tokenset
- Token Type: Mainnet
- Token Distribution：
- 30% to investors
- 22.5% Theta reserve
- 15% Network seed/strategic partners
- 7.5% Advisor, employee incentive pool
- 25% miner reserve
3. Useful Links:
- Website: https://www.thetatoken.org/
- Telegram：https://t.me/thetanetwork
- Twitter：https://twitter.com/Theta_Network
- Whitepaper:https://s3.us-east-2.amazonaws.com/assets.thetatoken.org/Theta-white-paper-latest.pdf
- Github: https://github.com/thetatoken
