Theta Fuel Reaches Market Capitalization of $54.76 Million (TFUEL)

Theta Fuel (TFUEL) traded 0% higher against the dollar during the one day period ending at 8:00 AM E.T. on August 8th. One Theta Fuel coin can now be bought for $0.0074 or 0.00000011 BTC on cryptocurrency exchanges. During the last week, Theta Fuel has traded 0.8% higher against the dollar. Theta Fuel has a total market capitalization of $54.76 million and $302.73 thousand worth of Theta Fuel was traded on exchanges in the last day.

Here’s how related cryptocurrencies have performed during the last day:

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• Cronos (CRO) traded 9.8% lower against the dollar and now trades at $0.0481 or 0.00000074 BTC.
• Hedera (HBAR) traded up 0.2% against the dollar and now trades at $0.0686 or 0.00000106 BTC.
• Avalanche (AVAX) traded up 0.9% against the dollar and now trades at $6.54 or 0.00010067 BTC.
• NEAR Protocol (NEAR) traded down 2.4% against the dollar and now trades at $1.61 or 0.00002479 BTC.
• Internet Computer (ICP) traded up 1.3% against the dollar and now trades at $2.10 or 0.00003236 BTC.
• Algorand (ALGO) traded down 2.4% against the dollar and now trades at $0.0869 or 0.00000134 BTC.
• Cosmos (ATOM) traded 3.9% higher against the dollar and now trades at $1.40 or 0.00002151 BTC.
• Fetch.ai (FET) traded up 2.2% against the dollar and now trades at $0.14 or 0.00000212 BTC.
• Akash Network (AKT) traded up 1.6% against the dollar and now trades at $0.50 or 0.00000777 BTC.
• PayProtocol Paycoin (PCI) traded 0.6% lower against the dollar and now trades at $0.0358 or 0.00000055 BTC.

Theta Fuel Profile

TFUEL uses the hashing algorithm. It launched on March 15th, 2019. Theta Fuel’s total supply is 7,425,937,560 coins. The Reddit community for Theta Fuel is https://reddit.com/r/theta_network and the currency’s Github account can be viewed here. Theta Fuel’s official Twitter account is @theta_network and its Facebook page is accessible here. The official website for Theta Fuel is www.thetatoken.org. The official message board for Theta Fuel is medium.com/theta-network/theta-fuel-the-operational-token-of-the-theta-network-2f6823e2182e.

According to CryptoCompare, “The Theta Network and protocol aim to solve various challenges the video streaming industry faces today. First, tokens on the Theta blockchain are used as an incentive to encourage individual users to share their redundant computing and bandwidth resources as caching or relay nodes for video streams. This improves the quality of stream delivery and solves the “last-mile” delivery problem, the main bottleneck for traditional content delivery pipelines, especially for high-resolution high bitrate 4k, and 8k. Second, with sufficient network density, the majority of viewers will pull streams from peering caching nodes, allowing video platforms to significantly reduce content delivery network (CDN) costs. More importantly, by introducing tokens as an end-user incentive mechanism the Theta Network allows video platforms to deepen viewer engagement, drive incremental revenuesTheta Fuel (TFUEL) is the operational token of the Theta protocol. TFUEL is used for on-chain operations like payments to Edge Node relayers for sharing a video stream, or for deploying or interacting with smart contracts. Relayers earn TFUEL for every video stream they relay to other users on the network. You can think of Theta Fuel as the “gas” of the protocol. There were 5 billion TFUEL at genesis of Theta blockchain, and the supply increases annually at a fixed percentage set at the protocol level. In December 2020, Theta Labs announced Theta 3.0, which introduces a new crypto-economics design for TFuel, in particular, the concept of TFuel staking and burning. This will greatly expand the capacity and use cases of the network and maximize the utility value of TFuel. Telegram, Discord, Facebook, GitHub, RedditWhitepaper”

Theta Fuel Coin Trading

It is usually not possible to buy alternative cryptocurrencies such as Theta Fuel directly using US dollars. Investors seeking to acquire Theta Fuel should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Theta Fuel using one of the exchanges listed above.

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