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The project introduce 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.
The Theta ERC20-compliant token is launched, live and integrated into SLIVER.tv for donation to streamers, more functionalities are under development. The native blockchain is also under active development
30% to investors
22.5% Theta reserve
15% Network seed/strategic partners
7.5% Advisor, employee incentive pool
25% miner reserve
Total supply: 1,000,000,000 tokens
Initial circulation supply: 618,750,000 tokens