THETA is a cryptocurrency that launched as part of the Theta Network, a video streaming project that works on a decentralised streaming network (DSN) based on blockchain technology. This technology can cope with the large demand for bandwidth capacity that this kind of service requires. The DSN allows users to share their idle bandwidth and computing resources to rebroadcast video streams to other network users.
THETA is the unit of value for this ecosystem. The cryptocurrency acts as a reward for providing bandwidth (caching video streams) or creating and viewing video content.
Initially, 1,000,000,000 THETA were issued. Following Ethereum's model, the total amount will grow each year to continue rewarding participants.
As of the beginning of April 2021, THETA's capitalisation was worth $12 billion, earning it 11th place among cryptocurrencies by market cap.
THETA tokens started trading on 23 November 2017. In just Q1 2021, THETAUSD increased more than 6.6 times in value.
THETAUSD's average intraday volatility in 2020 was 9.4%.
How to buy and sell THETAUSD
You can buy and sell THETAUSD on specialised cryptocurrency exchanges, but the best way to trade it is through a broker or trading platforms, such as MetaTrader 4 or Libertex, where you can open and close positions much more easily, trade with leverage and even earn if the coin's value goes down.