|Market Cap||$ 297.2M|
|Volume 24h||$ 3.4M|
As per the most recent data, Theta Fuel (TFUEL) is currently valued at $ 0.04662842.
Theta Fuel (TFUEL) is the operational token that powers the Theta protocol. It's commonly referred to as the "gas" of the protocol because it powers on-chain operations in the Theta network. This includes making payments to relayers for sharing video streams, as well as deploying or interacting with smart contracts. Relayers who share video streams with other users on Theta network are rewarded with TFUEL.
Theta Fuel is an integral part of the Theta protocol, which was developed by Theta Labs. The team behind the protocol includes experienced professionals in the blockchain industry. Theta Labs launched the mainnet (original network) on March 15th, when TFUEL was also created as a native token on the Theta blockchain.
In the Theta network, users can share their unused bandwidth and computing resources to distribute, optimize and relay video streams to others. This task is carried out by relayers, who are then rewarded with TFUEL tokens. Apart from sharing video streams, TFUEL is also used to interact with, or deploy, smart contracts on the Theta network.
What sets Theta Fuel apart is its real-world utility within the Theta Network. Since it is primarily used as a reward system for sharing video streams, TFUEL plays a crucial role in incentivizing users to contribute their spare resources towards enhancing the quality of video streams on the network. Additionally, its scope is not limited to just video stream sharing; TFUEL also has use-cases in interacting with smart contracts on the Theta blockchain.
As per the latest data, the circulating supply of TFUEL is 6.4B while the total supply is 6.4B.
Like many other decentralized protocols, the Theta network, and therefore Theta Fuel, is secured using a blockchain. This blockchain records each TFUEL transaction, making it highly transparent, immutable, and secure.
Theta Fuel (TFUEL) is available for purchase on a variety of authorized exchanges, some of which include Indodax, Binance US, BitMart, CoinEx. Always ensure to use a reputable exchange platform to buy and sell your TFUEL tokens safely.
TFUEL tokens, like all other cryptocurrencies, should be stored in a secure digital wallet. To maintain safety, avoid sharing personal information, wallet passwords or PINs. Always enable two-factor authentication and keep your private keys offline and inaccessible to others.