Theta Fuel TFUEL
Report IssueTheta Fuel is the second token (gas token) of Theta Network. Theta Fuel is a native token on the Theta blockchain. TFUEL supports on-chain transactions such as payments to relays for sharing a video stream or for deploying or interacting with smart contracts. Rebroadcasters earn TFUEL for every video stream they broadcast to other users on the network.
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$0.038
-2.95%
#163
Media
ByBit 
Gate 
Score Sentiment Neutral
Short Review Theta Fuel
Crypto project Theta Fuel (TFUEL) is classified as a Media. Theta Fuel is a Utility token that is hosted on the Ethereum Network. The current total supply is 6.04 B TFUEL (Circulating Supply + Tokens yet to be released - Burned Tokens).
(TFUEL)
TFUEL Price Chart
The launch of TFUEL token trading took place on 28 March 2019.
Theta Fuel (TFUEL) cryptocurrency
Theta Fuel is included in the Theta blockchain. It coexists with the THETA token, which is required for governance and is supported by many community-run Guardian nodes.
TFUEL is a utility token that enables decentralized transmission of video and information, and is also used as a gas token. He manages many of the operations at Theta. TFUEL is also used to reward those who donate their computing power and bandwidth to stream video and process other data.
The platform's primary use case is decentralized video streaming, edge computing, and data delivery.
Theta impacts the industry in three ways: video users are rewarded with a better streaming service, creators increase their profits, and intermediaries - video platforms - save a lot of money on building their own infrastructure.
History of Theta Fuel
The Theta ecosystem appeared in 2017 along with 2 tokens. Theta's founders are Mitch Liu and Jii Long.
The project team consists of experienced technical specialists and media executives who have previously worked with technology giants - Samsung, Netflix, Amazon, etc. The expertise that the Theta team has is the key that allows the project to become the leading blockchain for the media sphere.
TFUEL Benefits
- Proof of Stake. Theta uses a PoS consensus mechanism, which is known for requiring less computing power.
- Rewards. Theta's reward system is very well organized, which means that all parties are quite incentivized to participate in the network.
- Experienced team. As we already mentioned in this article, the team includes specialists with extensive experience in the technical field.
Disadvantages of TFUEL
Competition. The project faces high competition due to the specifics of the field in which it operates. There are many concepts aimed at becoming the best in the media industry.Quite low liquidity
