THENA (THE) coin safe sale operation process

The THETA (THE) coin sale, conducted from November 12th to 16th, 2021, raised a total of $112 million through a combination of public and private offerings.

Dec 17, 2024 at 09:30 am

Key Points:

• Understanding THETA (THE) Coin
• Allocation of THETA (THE) Tokens
• Registration and KYC for THETA (THE) Coin Sale
• Token Allocation and Distribution
• THETA (THE) Token Sale Timeline

THETA (THE) Coin: A Comprehensive Overview

THETA (THE) is a next-generation blockchain protocol specifically designed for video and data delivery. It utilizes a decentralized peer-to-peer network to facilitate efficient and cost-effective content distribution, particularly for streaming media.

The THETA ecosystem consists of two main tokens: THETA (THE) and Theta Fuel (TFUEL). THETA serves as the governance token, allowing holders to participate in network decision-making and staking rewards. TFUEL, on the other hand, serves as a payment medium for transaction fees and other ecosystem services.

The core technology behind THETA involves the use of a multi-tiered architecture comprising three main layers: the transport layer, the network layer, and the application layer. The transport layer manages video stream transmission, while the network layer handles content caching and retrieval. The application layer is responsible for user engagement and various services.

Allocation of THETA (THE) Tokens

The total supply of THETA (THE) tokens is capped at 1 billion, with the token distribution determined as follows:

• 50% allocated to the Theta Labs team and early investors
• 20% allocated to the community through various events and initiatives
• 15% allocated as rewards for edge node operators
• 10% allocated to the Theta Foundation for ecosystem development
• 5% allocated to potential investors through private sales

Registration and KYC for THETA (THE) Coin Sale

To participate in the THETA (THE) coin sale, potential investors had to register on the official Theta Network website and complete the KYC (Know Your Customer) process. KYC typically involves submitting personal identification documents and verifying residential address.

The KYC process played a crucial role in ensuring compliance with anti-money laundering (AML) and combating the financing of terrorism (CFT) regulations. It also served to prevent fraud and unauthorized access to the coin sale.

Token Allocation and Distribution

The allocation of THETA (THE) tokens in the coin sale was determined based on various factors, including investor type, investment amount, and the overall interest level. Theta Labs aimed to distribute tokens fairly and appropriately to support the growth of the Theta ecosystem.

Token distribution generally occurred after the completion of the coin sale and was typically done through secure wallets provided by Theta Network.

THETA (THE) Token Sale Timeline

The THETA (THE) coin sale commenced on November 12, 2021, and closed on November 16, 2021. The sale was conducted through a combination of public and private offerings, with a total of $112 million raised from various investors.

The public sale was open to all eligible participants who met the KYC requirements, while the private sale was reserved for select institutional investors.

FAQs

Q: What is the purpose of THETA (THE) coin?
A: THETA coin is primarily used for governance and staking purposes within the Theta Network. Holders can participate in network decision-making and earn rewards by staking their THETA tokens.

Q: How is THETA different from Theta Fuel (TFUEL)?
A: THETA serves as the governance token, while TFUEL is used as a payment medium for transaction fees and other ecosystem services.

Q: What is the total supply of THETA tokens?
A: The total supply of THETA tokens is capped at 1 billion.

Q: When did the THETA coin sale take place?
A: The THETA coin sale commenced on November 12, 2021, and closed on November 16, 2021.

Q: What is the current price of THETA (THE)?
A: The current price of THETA (THE) can be obtained through up-to-date cryptocurrency market data sources.