Theta Fuel (TFUEL) Price Tops $0.0092

Theta Fuel (TFUEL) traded up 3% against the US dollar during the 24 hour period ending at 8:00 AM E.T. on August 28th. Over the last seven days, Theta Fuel has traded up 8.5% against the US dollar. One Theta Fuel coin can now be bought for $0.0092 or 0.00000012 BTC on major exchanges. Theta Fuel has a total market cap of $68.76 million and $2.03 million worth of Theta Fuel was traded on exchanges in the last 24 hours.

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

• Cronos (CRO) traded 4.6% lower against the dollar and now trades at $0.0589 or 0.00000074 BTC.
• Hedera (HBAR) traded down 1% against the dollar and now trades at $0.0777 or 0.00000098 BTC.
• Avalanche (AVAX) traded 0.1% higher against the dollar and now trades at $7.42 or 0.00009315 BTC.
• NEAR Protocol (NEAR) traded down 1% against the dollar and now trades at $1.88 or 0.00002358 BTC.
• Internet Computer (ICP) traded 0.9% lower against the dollar and now trades at $2.42 or 0.00003036 BTC.
• Algorand (ALGO) traded down 2.1% against the dollar and now trades at $0.0888 or 0.00000111 BTC.
• Cosmos (ATOM) traded down 1.2% against the dollar and now trades at $1.50 or 0.00001879 BTC.
• Fetch.ai (FET) traded down 1.4% against the dollar and now trades at $0.16 or 0.00000204 BTC.
• Akash Network (AKT) traded down 3.4% against the dollar and now trades at $0.53 or 0.00000671 BTC.
• PayProtocol Paycoin (PCI) traded 1.1% lower against the dollar and now trades at $0.0392 or 0.00000049 BTC.

Theta Fuel Coin Profile

Theta Fuel (TFUEL) uses the hashing algorithm. Its genesis date was March 15th, 2019. Theta Fuel’s total supply is 7,448,151,741 coins. Theta Fuel’s official Twitter account is @theta_network and its Facebook page is accessible here. Theta Fuel’s official message board 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. Theta Fuel’s official website is www.thetatoken.org.

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”

Buying and Selling Theta Fuel

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 Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Theta Fuel using one of the exchanges listed above.

TFUEL/USD price chart by TradingView