Tag: THETA coin

Is staking theta worth it? While it may be an obscure one, the theta cryptocurrency still holds some potential, especially given its use case . As far as staking theta goes, it is possible to earn between one and two TFuel tokens a day, however. This is based on the experiences recounted by theta community members.2 Eyl 2021

Staking through Mobile Wallet Download the Theta Wallet app in the App Store / Play Store, or if already installed make sure you have upgraded to version 2.0. 0 (iOS) / 2.0. 0 (Android). Under the “Theta Wallet” logo, you can click the drop down menu to select a network.

Theta Token staking rewards is based upon the amount of Theta Token you have staked & the current amount of Theta Tokens staked, globally. Rewards are paid directly to your Theta Wallet approximately every 14 days .

Technology behind Theta Token. The Theta blockchain network is secured by a Proof-of-Stake consensus mechanism , which is far less demanding computationally, and has a higher transaction throughput when compared with Proof-of-Work protocols.

At current prices the staking annual ROI is slightly under 3% , however this figure can adjust continuously as both THETA and TFUEL are traded on exchanges. The current ROI at any given time will depend on the ratio of THETA price to TFUEL price.

The Theta web wallet now supports Ledger and Trezor devices!