Theta Network

There's huge rewards available for running a EEN. Will post the numbers later when I have time. Was reading about it last month and if you can actually do it you'll pretty much have a livable passive income from this alone.

This is from a while back in a Patreon group I'm in (I have edited out some parts out of respect):



How A $47,000 Investment Could Create A $2400 Monthly Income For Life

This is why blockchain and cryptocurrencies are here to stay and is the dream investment for many.

Take a look at the chart above (and also attached). This is the estimated TFUEL reward for people who will be running an Elite Edge Node, which is the staking of Tfuel on a dedicated computer running 24/7.

When THETA mainnet 3.0 comes out on April 21st, the Tfuel rewards will go up an estimated 55x from the current pre-EEN rate.

The monthly income is estimated to be close to $2400 from an investment of 500,000 Tfuel, which is approximately $47,000 as I write: $.094 Tfuel x 500,000 = $47K.

This will be a fantastic 'stay at home' opportunity for investors who don't want to buy a franchise. Did you know that the average income for a McDonald's franchisee is a little more than $100,000 per year, and with an investment of $1M to $2M ... plus they have to babysit teenagers!

With a *$200K investment in Tfuel, which would be 1/5th to 1/10th the cost of a McDonald's franchise, an investor would be earning about the same amount, but at a fraction of the cost — and with a lot less hassle.

If you decide to run an EEN or not, I hope you realize that we have a golden opportunity right at our feet.

Running an EEN, as stated above, requires some maintenance, because you'll need to keep the server running day and night, and a reliable internet up-time is important. This is not everyone's cup 'o tea, but for others, this is a dream business.

If you have no plans to run an EEN after Theta mainnet 3.0 (on April 21st), there is still a big opportunity with Theta and Tfuel. All we have to do is stake our THETA, totally hands-off, to earn TFuel, or simply buy Theta and Tfuel, hold onto them, and watch the value rise.

The value will increase because we have the opportunity to buy a 'digital franchise' that others will want to buy from us. What I mean by that is— just by buying and holding Theta and Tfuel, we are taking theses "shares" off the market, drying up supply, and others will want what we have.

In fact, they already do. Tfuel has gone up in price by many multiples.
$.50 Tfuel this year? Let's upgrade that. Recently I said as much as $.80, but I believe we'll see $1+ in 2021.

Mainnet 3.0 - what it means to the price

Look at what happened with the price of Theta prior to mainnet 2.0 back in May of 2020. There was a 5x increase in the price of Theta.

We may see a similar increase in both Theta and Tfuel as we approach the end of April.



Action plan

Get as much Theta and Tfuel as you can up until April 21, 2021.

Buy Up To prices are $5-$10 Theta and $.12 Tfuel (up from $.10).

Remember...

...that staking THETA generates passive, 100% hands-off income, via Gpool. Both Theta and Tfuel have their unique purposes and will become highly sought after in the future.

Details for running an Edge Node: https://docs.thetatoken.org/docs/setup-theta-edge-node

*In order for someone to invest $200K into Tfuel and earn an estimated income of $100K+/yr, they would need 4 separate EEN's, because the maximum you can stake in one EEN is 500K Tfuel (current cost of $47K). This would need to be done by having one user and three other friends or family members located at different IP address to run four EEN's. Most people will be running just one EEN staking between 10K and 500K Tfuel, from their home or business.

Final thought: You can stake as little as 10K Tfuel, which will cost about $940 at the time of this post. If the above chart is accurate, the income generated would be close to $50 per month. This is enough to cover most internet bills and many people will be happy with that.

seannash wrote: »

Is that passive income based on the price of theta staying constant. I assume so

Yeah so all those numbers have already all gone way up.

seannash wrote: »

Oh no I get that. Theres a few ways to make pasisve income out there but the risk is still it all comes down.
For example theres great staking rates on autofarm which could get you a liveable wage for half the investment.

Well sure, there's risk with anything. But at least THETA is bona fide.

I wouldn't be putting a tenth of that money anywhere near that DEFI/BSC nonsense. Majority of them are rug pulls.

djan wrote: »

Could someone explain the value proposition of Theta in regards to the competition of say Netflix & AWS?

There are already Multiple source P2P torrent file transfer systems without need for tokenisation etc. , so what does Theta actually bring to the table?

Well I wouldn't call Netflix a direct competitor. Something more applicable here would be Twitch. And in comparison to AWS, I assume anyone on THETA would have much more control over things than if they were beholden to Amazon.

djan wrote: »

blockchain and decentralisation is not required for everything.

No but it's nice to have all the same. It opens the door to a lot more people worldwide as anyone can run a server.

THETA are also launching their own NFT marketplace and integrating it into the streaming. Imagine all the big streamers move over and can sell their own NFT's live. Could be big business.

The co-founders of Youtube and Twitch are involved in the project so I'd say they're going to give a good stab at it. But of course you're right to be sceptical. It might never catch on either.