Theta Token (THETA) Surges 20% on UPbit Mainnet Swap Support
UPbit exchange announces support for Theta mainnet swap and Theta Fuel distribution:https://t.co/yciv6mlrxD
— Theta Network (@Theta_Network) February 25, 2019
Theta’s mainnet is scheduled to launch on March 15, with a 1:1 token swap from ERC-20 THETA to the native token on the Theta blockchain. The total supply will be capped at 1 billion.
Additionally, an initial supply of Theta Fuel, the new operational token of the protocol, will be seeded. According to the Theta team, this is projected to be a 5:1 distribution for each THETA held.
THETA is up an impressive 105% in the past month as investor anticipation for the mainnet launch intensifies and the altcoin’s technicals continue to improve. THETA is now trading for $ 0.106456 with a $75 million market cap.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.