Price for today
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Name: Theta Fuel
Symbol: TFUEL
Circulating supply: 0 $
Max supply: 0 $
Price: 0 $
Volume 24h: 0 $
Market Cap: 0 $
Percent change 24h: 0 %
Theta Fuel is the operational token of the Theta protocol. TFUEL powers on-chain operations like payments to relayers for sharing a video circulate, or for deploying or interacting with smart contracts. Relayers earn TFUEL for every video flow they relay to other customers at the network. you could consider Theta gasoline because the “gas” of the protocol. At Mainnet launch on March 15th 2020, TFUEL became created as a native token on the Theta blockchain. it is essential to apprehend the distinction among tokens for Theta protocol. THETA is used strictly for staking and securing the network, while TFUEL is used to electricity microtransactions and operations of the community. this is necessary due to the fact staking inherently decreases circulating supply, but video relay transactions and smart contracts will require a noticeably-liquid token that can facilitate thousands and thousands of each day transactions.
The cryptocurrency industry has slowly widened its range from finances to dozens of new sectors. Today, there are blockchains that try to innovate in a wide range of industries, including multimedia offerings. Theta Fuel (TFUEL) is among the most successful projects in the current crypto ecosphere that tries to add something new to the mix.
It is one of two native cryptocurrencies of the Theta blockchain project, the other one being Theta. This network has a goal to provide decentralized and blockchain-powered streaming and multimedia services.
Theta crypto was founded in 2017 by two multimedia veterans ‒ Mitch Liu and Jieyi Long. Before Theta, Liu had experience in founding startups in mobile gaming, while Long is a VR streaming expert.
The goal of the Theta coin network is to provide a service where users all around the world can access maximum quality streaming, without being bottlenecked by their internet service provider. To achieve this, the blockchain allows Theta users to share their spare bandwidth and CPU computing power with others and receive rewards for that.
In addition to providing a streaming service, Theta equally allows for the creation of lightweight smart decentralized applications related to multimedia distribution. For instance, users can create crowdfunding apps, automatic royalty distribution apps, etc.
The Theta ecosystem hosts two different cryptocurrencies: Theta and TFUEL.
In this Theta Fuel price chart, you can see the daily timeframe, which means every candle represents 1 day of Theta price action.
Theta Fuel has seen some great increase in value in the past 6 months, with the biggest rally taking place in March 2021. Shortly after, the price of Theta entered a bearish trend and dropped by 50% in May 2021.
However, things seem to be picking up once again, as Theta crypto is one of the best performing coins following the latest crypto crash. The Theta coin price managed to recover all lost value and scored its all-time high of $0.68 in June 2021. You can check this in our Theta Fuel price graph.
Due to its latest positive performance in the current bearish trend, Theta Fuel is becoming increasingly popular on crypto exchanges. Some popular market pairs are:
And, of course, if you wish to learn how to convert Theta Fuel, you’ve come to the right place. On Godex, we propose various trading pairs for TFUEL coin. But more importantly, you can convert TFUEL on Godex without even creating an account or sharing any of your personal data.
Here’s how to do this:
You will notice that in this process, you never had to log in or provide any kind of ID. This is because at Godex, we value your privacy. We believe anyone should be able to exchange crypto without having to be submitted to tedious KYC procedures.
Theta Fuel cannot be mined. During the launch of the mainnet of the Theta blockchain, a total of 5 billion TFUEL were released in circulation, 5 for each Theta in existence.
The only way to acquire TFUEL tokens is by buying them on a crypto exchange like Godex or by sharing your bandwidth on the Theta network.
The Theta Network is open source and runs on the PoS model. The modified Byzantine Fault Tolerance mechanism keeps all the computers supporting the system synchronized. The transaction fee is as low as 1 TFUEL/transaction. There are three types of participants:
It’s this last point that makes this network special. It enables the tokenization of users’ bandwidth and allows them to be rewarded for sharing and relaying streams.
The Theta coin network provides several benefits to everyone involved in the multimedia streaming process:
Consequently, Theta Network can be considered as a next-generation streaming service. With decentralization gaining ground with the mainstream public, we can see an increasing number of users and content creators join this service in the near future.
There are 5.3 billion TFUEL tokens in circulation. TFUEL supply isn’t capped, unlike Theta, which has a max supply of 1 billion.
Considering most coins lost more than 50% value during the May 2021 crypto crash, Theta cryptocurrency is looking pretty good. Not only did it recover its value but managed to register a brand-new all-time high.
While the Fuel price today has retraced somewhat from this $0.68 top, the general trend on the chart remains bullish.
Consequently, there are two diverging schools of thought on whether TFUEL is a good investment these days. First, we have the naysayers that think that we are already entering a bear market and that altcoin value shall continue to bleed.
But there are some experts that place the Theta token above its current value. For instance, DigitalCoinPrice believes that the price could reach $1.97 by 2021, while WalletInvestor thinks it will be from $0.56 to $1.25 in one year.
All in all, Theta Fuel seems to have a bright future. The service and solutions it provides might cause real disruption in the streaming industry, especially with the high-profile partnerships already active.
