Ameer Randolph
Theta Fuel (TFUEL) is a cryptocurrency that powers the Theta blockchain ecosystem. It is used to complete transactions, pay for content and services, and facilitate smart contracts. TFUEL is also used to incentivize users to share their bandwidth and computing resources, thus supporting decentralized video streaming and content delivery. The price of TFUEL fluctuates and can be traded on various active markets. As of the last known price, 1 TFUEL is worth $0.03482296 USD, though some sources state $0.0369 USD or $0.04 USD.
| Characteristics | Values |
|---|---|
| Current Price | $0.0369 USD |
| Last Known Price | $0.03879345 USD |
| 24-hour change | 2.78% increase |
| 7-day change | 3.46% increase |
| 30-day change | 15.38% increase |
| 365-day change | 43.87% decrease |
| All-time high | $0.68 USD |
| Current supply | 7,000,034,495 |
| Active markets | 86 |
| Traded in 24 hours | $4,380,729.26 |
| Use | Operational token of the Theta Network |
| Use | Used to complete transactions |
| Use | Used to pay relay nodes for video streams |
| Use | Used to deploy and interact with smart contracts |
| Use | Used to pay transaction fees |
| Use | Used to incentivize participants who share bandwidth and resources |
| Use | Used to facilitate micropayments within the Theta ecosystem |
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What You'll Learn
TFUEL is the operational token of the Theta Network
TFUEL, or Theta Fuel, is the operational token of the Theta blockchain. It is one of two native cryptocurrencies on the Theta blockchain, the other being THETA, the staking and governance token. TFUEL is used as gas for all transactions and on-chain smart contract interactions.
TFUEL has multiple key functions that facilitate the network's operations and its broader utility in the realm of decentralised video and data delivery. As the operational token of the Theta blockchain, TFUEL is used for various transactions and interactions on the network, including executing smart contracts, processing transactions, and engaging in decentralised video services.
One of the primary uses of TFUEL is in staking and earning rewards on the Theta network. This mechanism incentivises participation and contributes to the security and efficiency of the blockchain. TFUEL also plays a significant role in the realm of non-fungible tokens (NFTs), particularly through liquidity mining on the ThetaDrop marketplace, enhancing the NFT ecosystem's vibrancy and liquidity.
The Theta blockchain has a dual-network architecture, consisting of the Theta Blockchain and the Theta Edge Network. The Theta Blockchain provides payment, reward, staking, and smart contract capabilities, while the Edge Network is responsible for the compute, storage, and delivery of video streams, AI tasks, and other scientific, simulation, and financial modelling use cases. The Theta blockchain also underpins the ThetaDrop NFT marketplace in partnership with leading brands aiming to disrupt the digital collectibles industry.
The current price of Theta Fuel is around $0.03482296 to $0.03946 USD, with a 24-hour trading volume of $2.59 million to $4,380,729.26. It is currently trading on 86 active markets.
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It powers on-chain operations like video streaming
TFUEL is the operational token of the Theta Network, a decentralised video streaming and data delivery platform. It is used to power on-chain operations, including video streaming, by incentivising users to share their bandwidth and computational resources.
TFUEL is earned by providing these services or by staking THETA tokens. It is considered the "gas" token, which powers various on-chain operations such as payments, smart contract executions, and relayer rewards. TFUEL is used to pay for gas fees associated with transactions, such as setting up caching nodes, creating smart contracts, and interacting with decentralised applications (dApps) on the Theta network.
The Theta blockchain also underpins the ThetaDrop NFT marketplace in partnership with major brands such as Samsung, Sony, and American Idol. The Theta Edge Network, an integral part of the ecosystem, utilises TFUEL for compute, storage, and delivery of video streams, AI tasks, and other data-intensive operations. This distributed architecture enables more efficient and cost-effective content delivery and computational services, powered by the collective resources of network participants.
TFUEL is also used to create, buy, sell, and transact digital NFT assets on the Theta network. It plays a crucial role in maintaining the decentralised video streaming, data delivery, and edge computing ecosystem of the Theta blockchain.
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It is used to pay for transaction fees
TFUEL, the cryptocurrency token of the Theta Network, is used to pay for transaction fees within the network. It is the operational token of the Theta Network, a decentralised video delivery and streaming platform. TFUEL is used to incentivise participants who share their bandwidth and resources, and it facilitates micropayments within the Theta ecosystem. It is also used to pay transaction fees when deploying smart contracts or interacting with decentralised applications (dApps) on the Theta blockchain.
TFUEL is used as the 'gas' of the protocol, similar to how ETH is used as 'gas' for network payments on the Ethereum platform. It is spent to complete transactions, like paying a relay node to provide a video stream, or for deploying and interacting with smart contracts. Relay nodes earn TFUEL for every video stream they relay to other users on the network.
TFUEL is also used to pay for content and services within the Theta ecosystem. For example, users can pay for advertisements with this token. It is also used to facilitate payments for premium content and services within the Theta ecosystem, supporting a more efficient and decentralised approach to online video streaming and data sharing.
The current price of TFUEL is $0.0369 USD, down from $0.0383 USD in the last 24 hours. The price has been declining, with a decrease of 7.9% in the last 7 days and a 43.87% decrease in the last year.
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TFUEL is earned as a reward for sharing unused bandwidth
TFUEL, or Theta Fuel, is the native cryptocurrency token of the Theta blockchain ecosystem, serving multiple key functions. It is a critical and indispensable component within the Theta ecosystem, enabling staking, transactions, smart contract operations, and payments for content and services.
Users who have earned TFUEL can use it in any way they wish, from participating in games, donating to favourite streamers, buying gifts, or simply selling them for fiat currencies. However, TFUEL also plays crucial roles in other areas of the network. For example, TFUEL is used as the 'gas' of the protocol, in reference to the use of ETH as 'gas' for network payments on the Ethereum platform. It is spent to complete transactions, like paying a relay node to provide a video stream, or for deploying and interacting with smart contracts. Relay nodes earn TFUEL for every video stream they relay to other users on the network.
The innovative approach of Theta Fuel aims to address the scalability and cost issues that plague traditional content delivery networks (CDNs) by utilizing a decentralized peer-to-peer network. This model ensures high-quality video streaming is more efficient and cost-effective, benefiting content creators, viewers, and video platforms alike. When a viewer watches a video stream on the Theta network, the video is delivered from multiple relayers who have portions of the desired video. As these viewers relay the video stream to others, they earn TFUEL tokens as a reward for their contributions to the network.
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The last known price of Theta Fuel is 0.03793427 USD
The last known price of Theta Fuel (TFUEL) is 0.03793427 USD. TFUEL is the utility token of the Theta Network, a blockchain protocol designed to improve the development, broadcasting, and consumption of online video content. It is the operational token of the Theta Network, a decentralised video delivery and streaming platform.
TFUEL is indispensable to the Theta ecosystem, enabling staking, transactions, smart contract operations, and payments for content and services. It is used to pay for transaction fees, incentivise participants who share their bandwidth and resources, and facilitate micropayments within the Theta ecosystem. It is also used within THETA.tv, a live streaming platform built on the Theta protocol.
TFUEL is used as the 'gas' of the protocol, in reference to the use of ETH as 'gas' for network payments on the Ethereum platform. It is also used to pay relay nodes to provide video streams, and for deploying and interacting with smart contracts.
Theta Fuel has experienced several pivotal moments that have significantly shaped its trajectory within the blockchain and cryptocurrency landscape. The launch of Mainnet 4.0, for example, introduced significant improvements to the network's infrastructure, enhancing its scalability, security, and overall performance.
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Frequently asked questions
The price of Theta Fuel (TFUEL) is currently $0.0369 USD, down from $0.0383 USD 24 hours ago.
1 TFUEL is currently worth $0.04 USD.
The highest exchange rate of 1 TFUEL to USD was $0.68 USD on June 9, 2021.
