Binance supports trading Theta with THETA-BTC and THETA-USDT. Once you’ve made an account and chosen how to store your crypto, you’re ready to make your purchase. This recovery phrase can be used to access your crypto in case you lose access to your wallet, so make sure to keep your seed phrase somewhere safe.
Upon generating a wallet, the program will show a recovery phrase.
#Theta token for free#
The wallet is accessible for free via PC, and you can create a wallet in a matter of minutes. Theta Wallet is a cryptocurrency software wallet made by the Theta team. Today, Theta is trading for almost $10, making it the 20th largest cryptocurrency by market capitalization. The token reached a low of about $0.06 in April 2020, before quickly appreciating because of newfound attention on the crypto markets. This was just after the 2017 bull market, and Theta dropped in price alongside almost every other crypto asset. Theta Token began trading in 2018 for around $0.20. The project is currently backed by the likes of Samsung, Sony and several Silicon Valley venture capitalists. Since the Theta token didn’t release right away, the project had to secure funding from private investors.
Theta was co-founded in 2018 by Mitch Liu and Jieyi Long. Since Theta resembles both Twitch and YouTube in many ways, Kan and Chen are extremely valuable to Theta’s team. Steve Chen, co-founder of YouTube, and Justin Kan, co-founder of Twitch, work as advisors for Theta. TFuel is similar to Ethereum’s gas and it’s used to pay network validators to process transactions on Theta’s blockchain. Since Theta is decentralized, token holders can use their tokens to vote on upgrades to the network. Theta token is the native cryptocurrency on the Theta platform and it’s used for protocol governance. Theta has 2 tokens on the platform: Theta and Theta Fuel (TFuel).
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