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Wednesday, 27 Oct 2021
Crypto Notes
A weekly newsletter decoding crypto, blockchain and the entire ecosystem.
By Rohas Nagpal

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All about Theta

Over the last few weeks, we discussed Dogecoin (DOGE), Cardano (ADA), Binance Coin (BNB), Solana (SOL), Bitcoin (BTC), Ether (ETH), Filecoin (FIL), Polkadot (DOT), Polygon (MATIC), and Chainlink (LINK). This week we take on Theta.

     

Let's start with some interesting crypto news.

Dubai World Trade Centre Free Zone is developing a Crypto Asset and Blockchain Hub at Dubai World Trade Centre.

Securities and Exchange Board of India (SEBI) has barred registered investment advisors from engaging in "unregulated activities" which are largely interpreted as "crypto-related services".

The mayor of the US city of Miami is pushing to enable Miami residents to pay fees and taxes in Bitcoin. He also wants to pay city workers in crypto.

1. What is Theta?

Name: Theta

Symbol: THETA (first image) and TFUEL (second image)

Overview:

Theta is like Airbnb for video streaming - viewers earn rewards for sharing excess bandwidth and computing resources.

Theta’s benefits are:

Users earn rewards for sharing excess bandwidth & computing resources.

Viewers get better quality streaming services.

Content creators improve their earnings.

Video platforms don't have to build expensive infrastructure.

Video platforms can increase revenues.

Theta also has smart contract capability for fully digitized item ownership, payment-consumption models, transparent royalty distributions, etc.

Theta Enterprise Validators include Google, Binance, Sony Europe, and Samsung.

The Theta blockchain has two native tokens:

Theta (THETA) for governance, and

Theta Fuel (TFUEL) for powering transactions.

Consensus mechanism :Proof of Stake

2. Metrics

As of 26 October, its core metrics are:

Price metrics

  THETA TFUEL
Current Price: $ 6.89 $ 0.31
All-time high $ 15.90 $ 0.68
All-time low $ 0.04 $ 0.0008894

Supply metrics:

  THETA TFUEL
Circulating supply: 1 billion THETA 5.30 billion TFUEL
Total supply: 1 billion THETA 5.30 billion TFUEL
Maximum supply: 1 billion THETA Unlimited

Note:

Circulating Supply is the number of coins / tokens in public hands.

Total Supply is the number of coins / tokens created minus the number burned.

Maximum Supply is the maximum amount of this crypto that can ever exist.

Figures have been rounded off for convenience.

Marketcap & Volume metrics:

  THETA TFUEL
Market Cap: $ 6.9 billion $ 1.6 billion
Fully Diluted Market Cap: $ 6.9 billion NA
Volume (24h): $ 234 million $ 38 million
Volume / market cap ratio: 0.03 0.02

Note:

Market cap = Current Price x Circulating Supply.

Fully Diluted Market Cap is the market cap if the maximum supply was in circulation.

Volume (24h) is the fiat value of this crypto traded over the last 24 hours.

Dominance measures a crypto's total market capitalization relative to the total market cap of all cryptos.

Volume / market cap ratio = 24h Volume / Marketcap.

Total Value Locked = Total assets value currently staked or locked in the protocol.

Figures have been rounded off for convenience.

Risk metrics:

  THETA TFUEL
  Volatility Sharpe ratio Volatility Sharpe ratio
Last 30 days 1.1 2.3 0.7 1.2
Last 90 days 1.2 0.9 0.9 -0.1
Last 1 year 1.5 2.2 1.6 2.4
Last 3 years 1.4 1.6 1.7 1.1

Note:

Volatility measures the annualized standard deviation of daily returns.

Sharpe Ratio measures the excess return for a given level of risk.

3. Wallets

Theta has its own Trust Wallet and wallet.

Note: The data/graphs are from CoinMarketCap, Messari, and Future Money Wallet.

     

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Rohas Nagpal is an author, an amateur boxer, a blockchain architect, a Tintinologist and a retired hacker.

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