Theta Fuel (TFUEL) Price Tops $0.0471

Theta Fuel (TFUEL) traded 0.7% lower against the dollar during the one day period ending at 23:00 PM Eastern on November 24th. During the last seven days, Theta Fuel has traded 5.7% higher against the dollar. One Theta Fuel coin can now be purchased for $0.0471 or 0.00000286 BTC on cryptocurrency exchanges. Theta Fuel has a market capitalization of $249.52 million and $18.91 million worth of Theta Fuel was traded on exchanges in the last 24 hours.

Here’s how other cryptocurrencies have performed during the last 24 hours:

  • Avalanche (AVAX) traded 5.1% lower against the dollar and now trades at $12.62 or 0.00076542 BTC.
  • Cosmos (ATOM) traded down 1.9% against the dollar and now trades at $9.91 or 0.00060105 BTC.
  • Algorand (ALGO) traded 4.5% lower against the dollar and now trades at $0.24 or 0.00001434 BTC.
  • Cronos (CRO) traded 5% lower against the dollar and now trades at $0.0642 or 0.00000389 BTC.
  • NEAR Protocol (NEAR) traded down 5.8% against the dollar and now trades at $1.61 or 0.00009747 BTC.
  • Internet Computer (ICP) traded down 2.5% against the dollar and now trades at $3.79 or 0.00023016 BTC.
  • Hedera (HBAR) traded 1.7% lower against the dollar and now trades at $0.0484 or 0.00000293 BTC.
  • PayProtocol Paycoin (PCI) traded down 0.5% against the dollar and now trades at $0.24 or 0.00001425 BTC.
  • Kava (KAVA) traded 2.8% lower against the dollar and now trades at $0.88 or 0.00005359 BTC.
  • TerraClassicUSD (USTC) traded down 3.9% against the dollar and now trades at $0.0202 or 0.00000123 BTC.

Theta Fuel Profile

Theta Fuel (TFUEL) uses the hashing algorithm. It launched on March 15th, 2019. Theta Fuel’s total supply is 5,301,214,400 coins. 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. The Reddit community for Theta Fuel is https://reddit.com/r/theta_network and the currency’s Github account can be viewed here.

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.”

Buying and Selling Theta Fuel

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

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