Theta Fuel (TFUEL) Trading 6.2% Higher This Week

Theta Fuel (TFUEL) traded 7.2% higher against the US dollar during the twenty-four hour period ending at 8:00 AM Eastern on August 20th. Theta Fuel has a market capitalization of $57.37 million and $16.89 thousand worth of Theta Fuel was traded on exchanges in the last day. One Theta Fuel coin can now be purchased for about $0.0077 or 0.00000011 BTC on popular exchanges. During the last seven days, Theta Fuel has traded up 6.2% against the US dollar.

Here is how related cryptocurrencies have performed during the last day:

• Cronos (CRO) traded up 16% against the dollar and now trades at $0.0537 or 0.00000075 BTC.
• Hedera (HBAR) traded 7.7% higher against the dollar and now trades at $0.0729 or 0.00000102 BTC.
• Avalanche (AVAX) traded up 9% against the dollar and now trades at $6.87 or 0.00009610 BTC.
• NEAR Protocol (NEAR) traded 7.7% higher against the dollar and now trades at $1.74 or 0.00002432 BTC.
• Internet Computer (ICP) traded up 7.8% against the dollar and now trades at $2.35 or 0.00003289 BTC.
• Cosmos (ATOM) traded 5.5% higher against the dollar and now trades at $1.49 or 0.00002082 BTC.
• Algorand (ALGO) traded up 7% against the dollar and now trades at $0.0857 or 0.00000120 BTC.
• Fetch.ai (FET) traded 11.3% higher against the dollar and now trades at $0.13 or 0.00000188 BTC.
• Akash Network (AKT) traded up 7% against the dollar and now trades at $0.52 or 0.00000714 BTC.
• PayProtocol Paycoin (PCI) traded 4.6% higher against the dollar and now trades at $0.0365 or 0.00000051 BTC.

About Theta Fuel

Theta Fuel (CRYPTO:TFUEL) uses the hashing algorithm. It was first traded on March 15th, 2019. Theta Fuel’s total supply is 7,439,278,380 coins. Theta Fuel’s official message board is medium.com/theta-network/theta-fuel-the-operational-token-of-the-theta-network-2f6823e2182e. Theta Fuel’s official Twitter account is @theta_network and its Facebook page is accessible here. 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 presently possible to buy alternative cryptocurrencies such as Theta Fuel directly using US dollars. Investors seeking to acquire Theta Fuel should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Theta Fuel using one of the exchanges listed above.

TFUEL/USD price chart by TradingView