Theta Network: Modern blockchain infrastructure for media and entertainment

Theta Network – a Modern Blockchain Infrastructure for Media and Entertainment

Theta Network (THETA) experienced a 4.2% decrease against the US dollar during the twenty-four-hour period ending at 1:00 pm Eastern Time on October 23. Currently, it has a total market capitalization of 1.24 billion dollars, with 21.23 million dollars worth of Theta Network traded in the last 24 hours. Over the past week, there has been a 4% decrease against the US dollar. The price of one Theta Network token is currently 1.24 dollars or 0.00001878 BTC on leading cryptocurrency exchanges.

The Dual-Token System and Their Functions

Theta Network is a modern blockchain infrastructure dedicated to the media and entertainment industry. It features a dual-token system, THETA and TFUEL. THETA serves as the governance token used for staking and protocol management, while TFUEL acts as the operational token used for on-chain operations. The THETA supply is fixed at 1 billion, while the TFUEL supply increases annually by a set percentage. Through the Theta Network infrastructure, existing media platforms can reduce costs and generate additional revenue.

The Process of Purchasing Theta Network

Currently, purchasing other cryptocurrencies, including Theta Network, with US dollars is usually not possible. Investors looking to acquire Theta Network must first buy Ethereum or Bitcoin on an exchange that supports US dollars, such as Coinbase, Changelly, or Gemini. They can then use the purchased Ethereum or Bitcoin to buy Theta Network on one of the mentioned exchanges.

Theta Network is one of many blockchain-related projects gaining increasing recognition and popularity among investors seeking new investment opportunities in the realm of digital technology. It is worth tracking the development of this project and the market trends associated with it.