Earn by watching, streaming or creating videos with Theta
Theta is a blockchain-powered decentralized streaming service developed by Theta labs; a Californian company that has roots in South Korea. Theta believes that its unique design can ensure consistently high-quality video streaming more efficiently and at much lower cost than centralized streaming services.
Theta achieves this by broadcasting video streaming using local nodes that cache video data and relay streams to viewers. To incentivize people to cache and relay video content Theta uses a cryptocurrency; specifically, its TFuel Token, to reward network participants: both viewers and content creators.
The TFuel token is used to pay for transaction fees on the Theta Blockchain and can also be freely traded on multiple exchanges. On the other hand, the Theta network also has the Theta token used for staking and governance on the Theta network. Both TFuel and Theta are native to the Theta blockchain.
Theta blockchain is incredibly efficient, boasting an average transaction time of just 3 seconds and handling over 1000 transactions per second. Theta blockchain launched Theta Live Embed which makes it possible for websites, blogs, and social media platforms to stream content from Theta.tv. All the participants who view and create the stream would get a third of Tfuel generated from the stream.
As stated in businesswire.com:
Any partner site with THETA Live Embed automatically benefits from THETA.tv’s highly engaging and entertaining roster of more than 300 top Esports streamers including RisingFlame, teamTNT, and Deicide. The site and its users each earn 33% of the total TFUEL based on the amount of content and bandwidth shared, with the remaining 33% donated to support the streamers. All the revenue share is automated and transparent through Theta Blockchain’s “auto-split” smart contract and is easily auditable on the public chain. On average, sites can expect to see incremental revenues of $50,000 to over $100,000 per 1 million monthly active users.
With their current progress, Theta.tv makes it possible for any smart tv to become a relayer node on the Theta Network to share bandwidth and optimize streams for nearby viewers. Theta will be making the Theta SDK- they used to build the android app free for any developers to use making it easy for Netflix and Youtube to integrate the Theta protocol into their streams. This move seems to have caught the attention of Google, who became an enterprise validator on the Theta blockchain.
Theta and Tfuel have very different tokenomic use cases. Theta is used for staking and governance while Tfuel is used to pay for transactions on the Theta Blockchain. Tfuel is earned by the Theta stakers and is also given to viewers, content creators, and even to websites hosting Theta-based streams.
Theta token has a maximum supply of 1 billion and Tfuel has an initial supply of 5 billion. After the initial distribution of 5 billion TFuel the supply will increase at an initial annual target rate of 5%. The new supply rate will be determined at the protocol level and can be adjusted if needed by protocol consensus to provide the appropriate amount of new supply as demanded by platforms on the Theta Network. Each network participant running a validator or Guardian node will earn part of that new supply fo TFuel, proportional to the amount of Theta they are staking.
There are several exchanges you can purchase Theta token and Tfuel as listed below:
1. Binance Exchange - you can purchase Theta and Tfuel on Binance using your mobile phone or desktop. You only need to follow the step as instructed. You can also receive a 25% discount on trading fees using Binance Coin (BNB) instead of cash. Use the link above for a bonus 10% discount
2. Crypto.com MCO/CRO - this is a favourite for many reasons, as you can earn interest on a wide variety of coins, as well as apply for a crypto debit card. This operates similar to a pre-paid Visa card, where you top up before use, however, you can choose to top up with cash or crypto. For example, you can transfer Bitcoin (BTC) to the card and spend it like cash, or let it sit in the account and earn interest. Rates of interest on deposits vary from 2% up to 10% or more. New investors may receive up to $50 when using the above link to create a new account.
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