Theta Fuel Coin is the secondary token of the Theta Network. Theta Fuel is a native token on the Theta blockchain. TFUEL powers on-chain operations such as payments to relayers for sharing a video stream or for interacting with or deploying smart contracts. Relayers earn TFUEL for every video stream they relay to other users on the network.
What is Theta Fuel (TFUEL)?
Theta Fuel (TFUEL) is the native cryptocurrency of the Theta platform, a video platform supported by users. The Theta platform currently identifies three main issues with video platforms.
According to the platform’s statements, today’s content distribution networks lack reach, leading to video re-buffering and high loading times in many parts of the world. Furthermore, users demand streams in higher quality, such as 4k, 8k, and beyond, but the infrastructure falls short. Lastly, the centralized nature means less revenue flow for content creators and platforms. The platform claims to provide solutions to these problems.
- Viewers earn rewards in Theta Fuel. By sharing high bandwidth and resources, viewers are now rewarded for joining the network.
- Higher quality, smoother video streaming is offered to users. A decentralized peer-to-peer network efficiently delivers streams globally.
- Lower cost of video streaming delivery. Video platforms no longer need to create expensive infrastructure, meaning more innovation and unique business models.
In addition, the platform offers an open-source network and protocol. This means that all developers and partners are welcome to help develop the Theta network. Furthermore, thanks to Theta, video platforms and content providers can create customized Dapps for their viewers.
Also, a new, native blockchain specifically designed to support decentralized video distribution is offered to users. Theta works as a long-term sustainable incentive mechanism to motivate all stakeholders to participate in video delivery in a completely decentralized manner.
On the other hand, the platform is backed by Mitch Liu, co-founder of Gameview Studios as CEO, Jieyi Long with a Ph.D. in Computer Engineering as CTO, and Ryan Nichols, former Director at Tencent for the Wechat application, as CPO.
TFUEL Coin Review
TFUEL Coin seems to be receiving positive reviews from users, especially due to the platform backing it. Additionally, the long-standing presence of both the platform and the cryptocurrency in the market is also seen as a confidence-inspiring factor.
Investors generally consider Theta Fuel Coin as a medium to long-term investment, while current and historical data also appear to be significant.
According to CoinMarketCap data, at the time of writing this article, Theta Fuel Coin is trading at $0.0138. With a trading volume of 68,537,192 USD, Theta Fuel Coin ranks 127th in market capitalization, trading against BTC at 0.00000075 BTC.
Besides, with a 24-hour trading volume of 6,124,370 dollars, the circulating supply of TFUEL Coin is seen to be 4,962,631,792 TFUEL. Additionally, the total supply of Theta Fuel (TFUEL) can be stated as 5,000,000,000.
How to Buy Theta Fuel Coin?
Theta Fuel can be safely and quickly purchased through Binance, the world’s largest cryptocurrency trading platform by trading volume.