Theta Fuel Reaches Market Capitalization of $84.36 Million (TFUEL)

Theta Fuel (TFUEL) traded 0.3% lower against the dollar during the 1 day period ending at 8:00 AM E.T. on May 8th. One Theta Fuel coin can now be purchased for about $0.0115 or 0.00000014 BTC on exchanges. Over the last week, Theta Fuel has traded up 1.7% against the dollar. Theta Fuel has a total market cap of $84.36 million and approximately $1.75 million worth of Theta Fuel was traded on exchanges in the last 24 hours.

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

• Cronos (CRO) traded down 1.7% against the dollar and now trades at $0.0697 or 0.00000087 BTC.
• Avalanche (AVAX) traded 0.4% lower against the dollar and now trades at $9.59 or 0.00011951 BTC.
• Hedera (HBAR) traded down 0.3% against the dollar and now trades at $0.0909 or 0.00000113 BTC.
• NEAR Protocol (NEAR) traded 3.8% higher against the dollar and now trades at $1.55 or 0.00001932 BTC.
• Internet Computer (ICP) traded 2.3% lower against the dollar and now trades at $3.13 or 0.00003894 BTC.
• Algorand (ALGO) traded up 1% against the dollar and now trades at $0.13 or 0.00000161 BTC.
• Cosmos (ATOM) traded 2% lower against the dollar and now trades at $1.88 or 0.00002344 BTC.
• Fetch.ai (FET) traded 0.3% lower against the dollar and now trades at $0.23 or 0.00000283 BTC.
• Akash Network (AKT) traded up 0.4% against the dollar and now trades at $0.66 or 0.00000827 BTC.
• PayProtocol Paycoin (PCI) traded 1.3% lower against the dollar and now trades at $0.0509 or 0.00000064 BTC.

Theta Fuel Coin Profile

Theta Fuel uses the hashing algorithm. Its genesis date was March 15th, 2019. Theta Fuel’s total supply is 7,323,094,144 coins. Theta Fuel’s official Twitter account is @theta_network and its Facebook page is accessible here. The official message board for Theta Fuel is medium.com/theta-network/theta-fuel-the-operational-token-of-the-theta-network-2f6823e2182e. Theta Fuel’s official website is www.thetatoken.org. 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. Telegram, Discord, Facebook, GitHub, RedditWhitepaper”

Theta Fuel Coin Trading

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

TFUEL/USD price chart by TradingView