Theta Mainnet to Launch March 15 2019

Theta Mainnet Launch and Coin Swap

“All current ERC20 tokens in the wallet will be automatically converted to Theta Mainnet Tokens once the genesis block of the Theta blockchain is produced on March 15th.”

cryptocurrency advisors block society fa

By Block Society

Mainnet Launch

 THETA, the leading video delivery network on blockchain, mainnet is scheduled to launch on 15 March 2019. With the mainnet there will also be a coin swap from (Ethereum) ERC20 Theta tokens to actual native Theta tokens on their blockchain at a ratio of 1:1. Once the mainnet launch is complete, holders will also receive five Theta Fuel (TFUEL) for every Theta coin in their inventory. TFUEL is a rebranding of the operational token originally titled “GAMMA”. TFUEL will be what powers on chain operations and “Fuels” the Theta network. THETA will take a snapshot on the 12th in order to ensure the transfer goes smoothly.
 
Since they will be doing the snapshot on the 12th, The Theta team has urged its users to download the theta wallet, which is available on both apple IOS and android OS, by March 10th to store their assets in preparations for the transfer. Exchanges that will be supporting the mainnet are Upbit, Bithumb, and Gate.io.

“I’m excited to be part of the next evolution of the streaming space, helping Theta create a decentralized peer-to-peer network that can offer improved video delivery at lower costs.” – Steve Chen, Co-founder of YouTube

Theta was originally designed for the video streaming industry and to power Sliver.tv, a next-generation esports entertainment platform. Ultimately, the Theta blockchain is a ledger that supports the Theta token ecosystem. This ecosystem gives the end user an incentive for sharing bandwidth across the network and effectively offloads bandwidth from the centralized content distribution network (CDN). Current users have been on a test platform but couldn’t earn actual monetary units. However, according to the head of strategy at Theta Labs, after the mainnet on 15 March, the actual incentives will be built into the system and users will be directly rewarded for what they’re contributing to these video platforms.

Sources:

 Preusler, Christine. 13 February 2019. Streaming Reimagined: Theta Network Spearheads an Innovative New Blockchain Built to Power a Decentralized CDN. https://www.hostingadvice.com/blog/theta-network-delivers-a-decentralized-cdn/
 
Theta Labs. 22 February 2019. Theta mainnet token swap – snapshot date and information. https://medium.com/theta-network/theta-mainnet-token-swap-snapshot-date-and-information-1d64f6516ff8
 
Theta Labs. 25 February 2019. Theta Mainnet Launch and Token Swap FAQs. https://medium.com/theta-network/theta-network-mainnet-launch-and-token-swap-faqs-9a4bca3fb57d
 
 
 

Leave a Reply

Close Menu
Supportscreen tag