Theta Token is an Ethereum ERC-20 token, but soon to be autonomous public blockchain platform for video delivery. This platform is an open source project started in 2018 by team of American developers. At first they launched a live streaming platform Silver.TV in 2015. Later in January 2018 Ethereum ERC20 tokens were issued raising the total of $20.00 M.
The main purpose for Theta platform is to create a high quality rewarded video streaming directly from content creators to viewers,Show more [+] cluding publishers and high cost streaming infrastructure of centralized CDN. The Theta Token blockchain uses a peer-to-peer decentralized CDN, that distributes required computer power between nodes, providing high quality, smooth video streaming. Also decentralized CDN translates to reduced cost. On the other hand, viewers can earn rewards in Theta tokens for sharing bandwidth and computer resources.
At the moment only Ethereum Theta tokens are on the market. But for Q4 2018 the Theta team plans to exchange Theta ERC-20 tokens for Theta blockchain tokens. And in 2019 Theta network goes live with premium on-demand content.