Theta Fuel update: TFUEL Live price, price chart, news and markets

The TFUEL price update as of now is $0.03910. In the previous 24 hours, its trading volume was $3,659,138, and its value has increased by 5.07%. As of now, TFUEL's live market cap is $269,478,899, and it is ranked as the #187 on the Coincu. TFUEL has a circulating supply of 6,893,698,980 and a maximum supply of 6,893,698,980.

Discovering the Potential of Theta Fuel

Theta Fuel, or TFUEL, is a distinctive and SEO-friendly cryptocurrency that originates from the Theta Token (THETA) network. It emerged following the successful launch of the mainnet on March 15, 2019. TFUEL plays a crucial role alongside THETA on the Theta protocol.

Empowering the network, Theta Fuel incentivizes users to share content with each other. Whenever users deploy or engage with smart contracts, TFUEL tokens are consumed.

Crucial Aspects of Theta Fuel

The Core Mission of the Project

Theta Fuel (TFuel) represents one of the two primary tokens on The Leta Blockchain. It is important to differentiate it from the theta token (theta), which serves as the governing token of The Theta Blockchain. Noteworthy entities like Google, Binance, Blockchain Ventures, Gumi, and Samsung actively support The Theta Blockchain through community custodian nodes and enterprise validators.

TFuel functions as a utility token on the theta blockchain, facilitating the decentralized distribution of video content and data. Additionally, it serves as a token gas, effectively powering all activities within the theta blockchain. This includes compensating relayers for sharing video streams, deploying and interacting with smart contracts, and covering expenses related to NTFS and Defi applications.

Furthermore, TFuel encourages users in the ecosystem to contribute their surplus computing power as edge compute nodes and bandwidth resources like edge buffers for video streams and other data.

Unique Advantages of Theta Fuel

TFUEL acts as a payment method for various transactions, such as establishing caching or interaction nodes and creating smart contracts. However, TFUEL can also be earned through staking THETA or providing caching power to other users, or participating in the Theta.tv platform.

Streamers, who are content creators on the network, have the opportunity to earn TFUEL tokens. One example is receiving TFUEL on theta.tv through viewer donations for their content.

Viewers of videos streamed via the Theta platform also stand a chance to win TFUEL rewards.

Advertisers utilize TFUEL as a means of payment for showcasing their products on the platform.

TFUEL is awarded to validating nodes when they stake THETA tokens, further emphasizing its preference for utilizing and operating the Theta network.