close icon
mudrex-on-iphone-13
mudrex light logo

Use the app for richer experience

Download App

Home

/

Coins

/

Theta-token

THETA

Theta Token

THETA

Watchlist

₹115.58

LIVE

24H Low ₹109.67

24H High ₹116.82

Price of THETA today

The current live price of THETA today is ₹115.58, with a 24-hour trading volume of ₹1,75,95,69,383.85. Our THETA to INR price is updated in real-time. THETA has seen a increment of 5.51% in the last 24 hours. With a live market cap of ₹1,15,21,39,93,311.76 , the circulating supply is at 1,000,000,000 THETA coins, with a maximum supply of 1,000,000,000THETA coins.

Theta Token Price History

Date ComparisonAmount Change% Change
Today₹5.92

5.39%

7 Days₹0.62

0.54%

30 Days₹9.27

8.76%

1 Year₹62.34

121.31%

Theta Token Price Information

Price Change (1hr)

4.66%

Price Change (24hr)

5.39%

Price Change (7d)

0.54%

Theta Token Market Stats

Market Cap

₹1,15,21,39,93,311.76

Fully Diluted Market Cap

₹1,15,21,39,93,311.76

24hr Volume

₹1,75,95,69,383.85

9.79%

Circulating Supply

1000000000 THETA

Total Supply

1000000000 THETA

Things to know about Theta Token

What is Theta Token?

  • Governance token for the Theta Network, a blockchain for video streaming.

  • Used for staking as Validator or Guardian node, participating in protocol governance.

  • A fixed supply of 1 billion THETA.

Tokenomics

  • Dual token system with THETA for governance and Theta Fuel (TFUEL) for operations.

  • Initial TFUEL supply was 5 billion, with an annual increase at a fixed protocol rate.

Market Data

As of today #{today’s date}, the price of Theta Token is ₹115.58 INR or 1.309 USD, with a 24-hour trading volume of 19927173.09 USD. The market capitalisation for Theta Token is 1304801736.26USD. The circulating supply is 1000000000 Theta Token, with the total supply also being 1000000000 Theta Token.

Pros and Cons

Pros:

  • THETA enables users to participate in network governance and earn rewards through staking.

  • The network is designed to be highly decentralised and capable of processing a large number of transactions with virtually zero carbon footprint.

  • It is compatible with Ethereum, allowing for a wide range of Web3 applications.

Cons:

  • The dual token system may be confusing for new users.

  • The network's success is highly dependent on the adoption of its video streaming technology.

  • The fixed supply of THETA could lead to volatility in its price.

Why Should You Invest in the Coin?

  • Potential in decentralised video streaming technology.

  • Notable partnerships and advisory board presence, including YouTube and Twitch co-founders.

USP of the Coin

  • Decentralised video streaming service to improve delivery quality and reduce costs.

  • Peer-to-peer network for sharing bandwidth and resources.

Problem the Coin is Solving

  • Tackles centralisation, infrastructure inefficiencies, and high costs in the video streaming industry.

Founder and Team Background

  • THETA was founded by Mitch Liu (MIT and Stanford MBA) and Jieyi Long (PhD from Northwestern University).

  • The founders have backgrounds in gaming and video streaming technologies.

ICO Price

  • Private token sales in 2017 raised $20 million, selling 30% of the 1 billion THETA supply.

Risks Associated in Investing in the Coin

  • Market volatility, regulatory changes, technological hurdles, competition.

  • Success is dependent on user adoption and ecosystem development.

Whitepaper Insights

The Theta Network whitepaper introduces a new blockchain solution for decentralised video streaming and delivery. The network leverages a novel multi-level Byzantine Fault Tolerance (BFT) consensus mechanism, which combines a small set of high-performance Validator Nodes with a larger group of Guardian Nodes to finalise the blockchain. This design aims to achieve a balance between decentralisation, security, and performance. Theta’s innovation lies in its dual-token design, with THETA as the governance token and TFUEL as the operational token. THETA is used for staking by Validator and Guardian nodes, which are essential for the protocol’s governance and block production. TFUEL, on the other hand, is used for on-chain operations such as payments to Edge Node relayers for sharing video streams and interacting with smart contracts. The whitepaper outlines the Theta Edge Network, which consists of Edge Nodes that relay video content and perform computing tasks. Users who run these nodes are rewarded with TFUEL, incentivising them to contribute their resources to the network. This decentralised infrastructure aims to improve video streaming quality while reducing the costs associated with traditional content delivery networks. Theta’s blockchain is designed to support Turing-complete smart contracts, making it fully compatible with Ethereum. This compatibility allows for a wide range of Web3 applications to be built on the Theta Network, including non-fungible tokens (NFTs), decentralised exchanges (DEX/DeFi), and decentralised autonomous organisations (DAOs).

The whitepaper also introduces the concept of the Theta Metachain, a “chain of chains” that allows for permissionless horizontal scaling of the Theta blockchain network. The Metachain consists of a main chain and unlimited subchains, each serving specific purposes. This design aims to achieve unlimited transactional throughput and rapid block finalisation times.

Theta’s governance model is designed to be decentralised, with THETA token holders having a say in the decision-making process. The network’s security is ensured by the large number of nodes participating, making it difficult for attackers to compromise the system.

The Theta team envisions a future where the network serves as a decentralised protocol for processing and delivering all types of data, not just video content. With strategic partnerships and a focus on user-centric applications, Theta aims to disrupt the traditional video streaming industry and create a more efficient, cost-effective, and decentralised content delivery ecosystem. In summary, the Theta Network whitepaper presents a comprehensive vision for a decentralised video streaming platform powered by blockchain technology. It highlights the network’s dual-token design, governance structure, and innovative solutions for scaling and performance. The whitepaper makes a strong case for Theta's potential to transform the video streaming industry and contribute to the broader Web3 movement.

Returns Calculator

One Time
Recurring

Investment Amount

Investment Period

6M

1Y

2Y

3Y

Returns

THETA to Converter

Quantity

THETA

THETA

Price

fiat

Price as per 01:15 PM • 12 Oct 2024

Recently Added Cryptocurrencies

Introducing the newly added cryptocurrencies on Mudrex.

Popular Conversion Pairs

A list of popular conversion pairs, including both fiat and cryptocurrencies.

Have a question not answered?

You can contact us at help@mudrex.com

What is the price of Theta Token (THETA)?

The current price of Theta Token (THETA) in INR is ₹115.58 INR.

What is the current THETA market cap?

The current market capitalization of Theta Token (THETA) is ₹1,15,21,39,93,311.76 INR. This value represents the total market value of all coins in circulation, calculated by multiplying the current price of THETA by the number of coins in circulation.

What is the current supply of Theta Token (THETA)?

The current supply of Theta Token (THETA) is 1000000000 THETA. This figure represents the total number of coins that have been mined and are currently in circulation.

What is the 24 trading volume of Theta Token (THETA)?

The 24-hour trading volume of Theta Token (THETA) in INR is ₹1,75,95,69,383.85. This figure represents the total value of all THETA transactions across various exchanges within the last 24 hours.

How to Buy Theta Token (THETA) in India?

To buy Theta Token (THETA) via Mudrex, simply sign up and create an account on their platform. Proceed by completing the KYC process to verify your identity. Once verified, deposit funds into your account using the available methods. With your account funded, you're all set to start investing in THETA.

Can I buy Theta Token (THETA) with UPI?

Yes, you can buy Theta Token (THETA) with UPI on Mudrex, which accepts payments through popular UPI apps like Paytm, PhonePe, and Google Pay, offering a convenient and quick way to invest.

How to Convert Theta Token (THETA) to Indian Rupee (INR)?

To convert Theta Token (THETA) to Indian Rupee (INR), you can use our THETA/INR conversion rates in real time.

2024 Mudrex Inc.

Address:

4th floor, 315 Work Avenue Building, 257, 16th Cross, 5th Main Rd, Sector 6, HSR Layout, Bengaluru, Karnataka, 560102