Theta Fuel (TFUEL) Price Reaches $0.0198

Theta Fuel (TFUEL) traded up 1% against the US dollar during the twenty-four hour period ending at 8:00 AM Eastern on January 8th. Theta Fuel has a total market cap of $142.48 million and approximately $8.00 million worth of Theta Fuel was traded on exchanges in the last 24 hours. One Theta Fuel coin can now be bought for about $0.0198 or 0.00000022 BTC on popular cryptocurrency exchanges. Over the last seven days, Theta Fuel has traded 13.6% higher against the US dollar.

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

• Cronos (CRO) traded down 6.2% against the dollar and now trades at $0.0997 or 0.00000111 BTC.
• Avalanche (AVAX) traded down 4.7% against the dollar and now trades at $13.80 or 0.00015362 BTC.
• Hedera (HBAR) traded down 5.7% against the dollar and now trades at $0.12 or 0.00000133 BTC.
• NEAR Protocol (NEAR) traded 4.8% lower against the dollar and now trades at $1.68 or 0.00001872 BTC.
• Internet Computer (ICP) traded down 6.1% against the dollar and now trades at $3.12 or 0.00003471 BTC.
• Cosmos (ATOM) traded 1.5% higher against the dollar and now trades at $2.44 or 0.00002718 BTC.
• Algorand (ALGO) traded 5.4% lower against the dollar and now trades at $0.13 or 0.00000147 BTC.
• Fetch.ai (FET) traded 7.7% lower against the dollar and now trades at $0.27 or 0.00000299 BTC.
• PayProtocol Paycoin (PCI) traded down 1.1% against the dollar and now trades at $0.0691 or 0.00000077 BTC.
• Akash Network (AKT) traded 8.1% lower against the dollar and now trades at $0.41 or 0.00000452 BTC.

About Theta Fuel

Theta Fuel uses the hashing algorithm. Its genesis date was March 15th, 2019. Theta Fuel’s total supply is 7,187,792,055 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 official website for Theta Fuel 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.”

Theta Fuel Coin Trading

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

TFUEL/USD price chart by TradingView