Theta tokens is the tokens that power a new generation of decentralised video streaming platform. The key problem it solves is to reduce the cost of delivering video by using viewers unused bandwidth and computing resource.

If you are a live streamer, you get to receive TFuel tokens for streaming and your fans can donate to you too.

If you spend 1-3 hours watching live steam, it means daily you can earn about 600 to 1800 coins. Personally, I earn 3680 coins which means I am online for 368minutes and I earn 0.40 Tfuel tokens. This means at my location, I will earn about 0.001 cent per minute or $1.50 per day if I decided to on 24hrs. In Singapore it cost about 17.45¢ per kWh. A typical laptop consumed 60 kwh/hr. So, Theta is here to subsidize part of your original consumption, not for earning revenue.

If you are interested to make passive income, look at staking or becoming a node provider but that will take hardware and a lot of tokens. According to the whitepaper, between 100,000 to 1 million tokens. It is a pity, I am not a gamer, so I don’t watch live stream. Well, I just have to wait for content that I like to make me switch from YouTube to theta.tv.

For live stream fans and streamers, this platform is perfect for you. Side income for doing something you love anyway.

How the ecosystem works

The system works because everyone benefits from the ecosystem.

Video Platform - Gets cheaper fee to deliver content translates to higher profit margin.  Streaming sites and platforms can offload up to 80% of CDN costs.

By introducing tokens as an end-user incentive mechanism the Theta Network allows video platforms to deepen viewer engagement, drive incremental revenues, and differentiate their content and viewing experience from their competitors. For example, users can chat while watching live streams.

Validators nodes and Guardian nodes provider - gets to sell their Tfuel tokens for providing hardware and bandwidth.

Viewers and streamers receive tokens for consuming content and to offer their unused computing and upload bandwidth.

Everyone benefits from this ecosystem and that is why it will work long term.

Team

Theta is  lead by successful technologyprenuer Mitch Liu.  Mitch is the CEO of SLIVER.tv, the leading esports entertainment platform with patented technology to live stream top esports events. In 2010, Mr. Liu co-founded Gameview Studios best known for its Tap Fish mobile game franchise with nearly 100 Million downloads. Prior to that, he co-founded Tapjoy in 2007, a pioneer of rewarded social and mobile video advertising, and grew that company to $100MM in revenues.

Theta is well funded by major venture capitalist and had a successful ICO of 20million. Their star media advisor includes Steve Chan, Co-founder of Youtube, Kyle Okamoto, Chief Network Officer at Verizon Digital Media, Justin Kan, Co-founder of Twitch and Dennis Fong, Founder Plays.tv, first esports celebrity.

Potential

Theta is a rare project with more than 300,000 users even on their testnet.

On 25 May 2020, Theta partner with MGM Studios to brings Hollywood classics to THETA.tv. This means that other than gaming users, the mass market, probably older crowd can watch their favourite classic movies including, The Wizard of Oz, Gone with the Wind and the iconic James Bond franchise. 

Samsung who is rumoured to have Theta.TV pre-install in 75 million Sumsung phones.

The Enterprise Validator Program includes leading cryptocurrency exchange Binance, Japanese partner firm Gumi Cryptos, venture capital fund Blockchain Ventures and Google.

This is just the beginning. With first movers advantage, they can extent to more variety of content and gather the growing viewers global. Imagine, having all the unused bandwidth in theta network. This network can also stream other forms of content like music.  It will have a multiple effects and may conquer this market. It works because the business model works and it solves a real issue of utilising unused upload bandwidth to delivery higher quality video stream.

If you havent have an account, do use this referral link https://www.theta.tv/invite/ltmn7ekn.

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Abstract for my Book New Assets 3.0 that will be available in Amazon. 
I have also create a comic book call Wish I knew, that talks about what life will be like with the Blockchain Technology. Details at www.wishiknewcomics.com