$THE "THE Coin" refers to the token of Theta Network, also known as THETA. Theta Network is a decentralized video streaming network powered by blockchain technology. Theta allows users to watch video content and earn token rewards as they share their internet bandwidth and computing resources on a peer-to-peer (P2P) basis. THETA is the native token of Theta Network, serving multiple governance tasks, including staking as a validator or guardian node. Theta Fuel (TFUEL) is the operational token of the Theta protocol, used for on-chain transactions, such as rewarding edge node relays for sharing video content or interacting with smart contracts.
Theta aims to provide blockchain solutions to the problems faced by traditional video streaming systems, such as poor quality and inefficient bottlenecks. The team behind Theta Network aims to disrupt the current centralized forms of the traditional video streaming industry and relies on a distributed user network whose contributions are rewarded.
Purchasing THE Coin can be done on exchanges like Binance, ZB.com, KuCoin, and others. THE Coin is also known as Thena (THE), a cryptocurrency launched in 2023, operating on the BNB Smart Chain (BEP20) platform.