Theta Fuel (TFUEL) Price Hits $0.0079

Theta Fuel (TFUEL) traded up 1.9% against the US dollar during the 1 day period ending at 8:00 AM ET on July 3rd. One Theta Fuel coin can now be purchased for approximately $0.0079 or 0.00000013 BTC on cryptocurrency exchanges. Theta Fuel has a total market cap of $58.10 million and $1.66 million worth of Theta Fuel was traded on exchanges in the last 24 hours. During the last week, Theta Fuel has traded 2.3% higher against the US dollar.

Here’s how similar cryptocurrencies have performed during the last 24 hours:

• Cronos (CRO) traded up 4.1% against the dollar and now trades at $0.0582 or 0.00000094 BTC.
• Hedera (HBAR) traded down 2.7% against the dollar and now trades at $0.0718 or 0.00000116 BTC.
• Avalanche (AVAX) traded 2.1% higher against the dollar and now trades at $6.91 or 0.00011127 BTC.
• NEAR Protocol (NEAR) traded 4% higher against the dollar and now trades at $2.02 or 0.00003257 BTC.
• Internet Computer (ICP) traded 0.9% higher against the dollar and now trades at $2.25 or 0.00003618 BTC.
• Cosmos (ATOM) traded 2.6% higher against the dollar and now trades at $1.59 or 0.00002565 BTC.
• Algorand (ALGO) traded 1.9% higher against the dollar and now trades at $0.0881 or 0.00000142 BTC.
• Fetch.ai (FET) traded up 4.1% against the dollar and now trades at $0.19 or 0.00000301 BTC.
• Akash Network (AKT) traded up 6.5% against the dollar and now trades at $0.65 or 0.00001047 BTC.
• PayProtocol Paycoin (PCI) traded 0.4% higher against the dollar and now trades at $0.0378 or 0.00000061 BTC.

Theta Fuel Profile

Theta Fuel (TFUEL) uses the hashing algorithm. It launched on March 15th, 2019. Theta Fuel’s total supply is 7,385,993,595 coins. 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 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. Theta Fuel’s official Twitter account is @theta_network and its Facebook page is accessible 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 possible to buy alternative cryptocurrencies such as Theta Fuel directly using U.S. dollars. Investors seeking to acquire Theta Fuel should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Changelly or GDAX. 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