Ameer Randolph
The price of Theta Fuel (TFUEL) is constantly fluctuating. As of February 22, 2023, the live price of Theta Fuel was $0.070612 per (TFUEL / USD) with a market cap of $480.27 million. TFUEL is the utility token of the Theta Network, a blockchain protocol designed to improve the development, broadcasting, and consumption of online video content. TFUEL is used for various transactions and interactions on the network, such as executing smart contracts, processing transactions, and engaging in decentralized video services. It is also used to incentivize users to share their bandwidth and computing resources. As an operational token, TFUEL is essential for the network's functionality and growth.
| Characteristics | Values |
|---|---|
| Live Price | $0.03946 |
| 24-hour trading volume | $2.59M |
| Circulating supply | 7.02B |
| Market cap | $257.76M - $480.27M |
| Trading volume in the past 24-hour period | $6.83M |
| Trading volume in the last 7 days | $23.38M |
| Trading volume in the last 30 days | $192.79M |
| All-time high | $0.68 |
| All-time low | $0.00088 |
| Purpose | Operational token of the Theta blockchain |
| Use case | Paying for transaction fees, facilitating micropayments, executing smart contracts, processing transactions, engaging in decentralized video services, etc. |
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What You'll Learn
TFUEL price as of February 2023
TFUEL is the utility token of the Theta Network, a blockchain protocol designed to improve the process of developing, broadcasting, and consuming online video content. It is a critical component within the Theta blockchain ecosystem, serving multiple key functions that facilitate the network's operations and its broader utility in the realm of decentralised video and data delivery.
TFUEL is used as the primary currency in the Theta Network to facilitate transactions and incentivise participation in the network. It is used to motivate users to behave as peers by sharing redundant or extra compute and bandwidth resources with other peers within the network. It also serves as the "'gas'" of the network, being required to execute transactions and operate smart contracts.
TFUEL can be earned by staking THETA coins, sharing bandwidth and computing resources, or participating in network governance. It can then be used to pay for video content or other services within the network.
As of February 2023, the price of TFUEL was BTC0.063090, with a 24-hour trading volume of $6,274,479.37. This represented a -4.20% price decline over the last 24 hours and a -9.60% price decline in the past 7 days. With a circulating supply of 7 billion TFUEL, the market cap of Theta Fuel was BTC2,170.0040.
The price of TFUEL is calculated in real-time by aggregating the latest data across 26 exchanges and 33 markets, using a global volume-weighted average formula.
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TFUEL's all-time high and low
TFUEL, the Theta Fuel token, is the utility token of the Theta Network. It is used to complete transactions, such as 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 the second token on the Theta blockchain, the first being THETA, which is the staking and governance token. TFUEL is used as the 'gas' of the protocol, similar to the use of ETH on the Ethereum platform. TFUEL is also used to motivate users to behave as peers by sharing redundant or extra compute and bandwidth resources with other peers within the Theta Network.
TFUEL reached its all-time high of $0.6807 on June 9, 2021, and its all-time low of $0.0008897 on March 13, 2020. As of today, the price of TFUEL is $0.038314 USD, with a 24-hour trading volume of $45,489,795 USD. This represents a 7.95% decline in the last 24 hours. The current CoinMarketCap ranking is #167, with a live market cap of $269,122,388 USD. It has a circulating supply of 7,024,169,895 TFUEL coins.
TFUEL has experienced several pivotal moments that have significantly shaped its trajectory within the blockchain and cryptocurrency landscape. One notable milestone was the launch of Mainnet 4.0, which introduced significant improvements to the network's infrastructure, enhancing its scalability, security, and overall performance. Such upgrades are critical for maintaining the network's competitiveness and its ability to support a growing number of transactions and decentralized applications.
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How to buy TFUEL
As the operational token of the Theta blockchain, Theta Fuel (TFUEL) is used for various transactions and interactions on the network, including executing smart contracts, processing transactions, and engaging in decentralised video services. TFUEL is also used to incentivise users to share redundant or extra compute and bandwidth resources with other peers within the Theta Network.
There are several ways to buy TFUEL. One of the most popular exchanges to buy and trade Theta Fuel is MEXC, where the most active trading pair is TFUEL/USDT. Other platforms where you can buy TFUEL include Crypto.com, Binance, Atomic Wallet, and Simple Swap.
When buying TFUEL, you can use a credit or debit card, or you can use another cryptocurrency to purchase it. For example, one user on Reddit mentioned using Solana USDC to get TFUEL and Theta to their Theta wallet. Another user mentioned using a VPN to get around region-locking issues when purchasing TFUEL.
It is important to note that, as with any cryptocurrency or blockchain project, individuals should conduct thorough research and consider various factors before participating in staking, trading, or investing in TFUEL or any related platforms.
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TFUEL's role in the Theta Network
The current price of Theta Fuel (TFUEL) is US$0.03946, with a 24-hour trading volume of $2.59 million. TFUEL is the utility token of the Theta Network, a blockchain protocol designed to improve the development, broadcasting, and consumption of online video content. The Theta blockchain, which supports high-bandwidth applications like video streaming, is the foundation of the Theta Network.
TFUEL is the operational token of the Theta Network, serving multiple key functions that facilitate the network's operations and its broader utility in the realm of decentralized video and data delivery. As the operational token, TFUEL powers various on-chain operations, including payments, smart contract executions, and relayer rewards. TFUEL is used to incentivize users to share their computing resources and bandwidth, and it can be earned by providing these services or by staking THETA tokens. Relay nodes earn TFUEL for every video stream they relay to other users on the network. TFUEL can also be used to pay for gas fees associated with transactions, such as setting up caching nodes and creating smart contracts.
TFUEL plays a crucial role in the Theta ecosystem, enabling staking, transactions, smart contract operations, and payments for content and services. Its utility underscores Theta's innovative approach to decentralized video streaming and content delivery, offering a glimpse into the future of digital media and entertainment. TFUEL's introduction as a second token addressed governance issues arising from using the same token for staking and operations.
One of the primary uses of TFUEL is in staking and earning rewards on the Theta network. Through staking, participants can contribute to the network's security and efficiency while earning rewards for their contributions. TFUEL also facilitates transactions and smart contract interactions on the Theta blockchain, serving as the "gas" of the network. This ensures the smooth and efficient functioning of decentralized applications (dApps) and services built on Theta. Additionally, TFUEL plays a significant role in the non-fungible token (NFT) ecosystem, particularly through liquidity mining on the ThetaDrop marketplace.
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TFUEL's utility and use cases
TFUEL, or Theta Fuel, is the operational token of the Theta blockchain. It is used for various transactions and interactions on the network, including executing smart contracts, processing transactions, and engaging in decentralised video services. TFUEL is also used as the "gas" of the protocol, in reference to the use of ETH as "gas" for network payments on the Ethereum platform.
One of the primary uses of TFUEL is in staking and earning rewards on the Theta network. This incentivises participation and contributes to the security and efficiency of the blockchain. TFUEL can be earned by watching and sharing video streams on the Theta.tv platform. For every video stream they relay to other users on the network, relayers earn TFUEL. This attracts new users and leads to incremental revenues from user engagement.
TFUEL also plays a significant role in the non-fungible token (NFT) ecosystem, particularly through liquidity mining on the ThetaDrop marketplace. Users can utilise TFUEL to mint, buy, and sell NFTs.
Additionally, TFUEL is used to pay for content and services on the Theta Network. Platforms that integrate the Theta Network benefit by lowering their CDN/video delivery costs as users relay video streams peer-to-peer, reducing the platform's need to pay for video delivery. To use the Theta Network and realise these benefits, platforms must purchase TFUEL or stake Theta Tokens (THETA) to generate their own TFUEL.
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Frequently asked questions
The price of Theta Fuel (TFUEL) is constantly changing. As of February 22, 2023, its price was $0.070612.
Theta Fuel is the utility token of the Theta Network, a blockchain protocol designed to improve the process of developing, broadcasting, and consuming online video content. It is used to pay transaction fees, incentivise participants who share their bandwidth and resources, and facilitate micropayments within the Theta ecosystem.
You can buy Theta Fuel on centralised crypto exchanges. MEXC is the most popular exchange for buying and trading Theta Fuel.
THETA is the staking and governance token of the Theta Network, while TFUEL is the operational token. TFUEL is used to complete transactions and power on-chain operations.
