Theta Fuel (TFUEL) Tops 24-Hour Volume of $1.69 Million

Theta Fuel (TFUEL) traded down 3.9% against the U.S. dollar during the twenty-four hour period ending at 8:00 AM ET on June 5th. Over the last seven days, Theta Fuel has traded down 13.1% against the U.S. dollar. Theta Fuel has a market capitalization of $63.87 million and approximately $1.69 million worth of Theta Fuel was traded on exchanges in the last day. One Theta Fuel coin can currently be purchased for approximately $0.0087 or 0.00000014 BTC on major cryptocurrency exchanges.

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

• Cronos (CRO) traded 2.3% lower against the dollar and now trades at $0.0587 or 0.00000094 BTC.
• Hedera (HBAR) traded down 2.8% against the dollar and now trades at $0.0811 or 0.00000130 BTC.
• Avalanche (AVAX) traded down 7.4% against the dollar and now trades at $7.09 or 0.00011382 BTC.
• NEAR Protocol (NEAR) traded down 16.8% against the dollar and now trades at $2.03 or 0.00003266 BTC.
• Internet Computer (ICP) traded 8.9% lower against the dollar and now trades at $2.40 or 0.00003853 BTC.
• Cosmos (ATOM) traded down 3.6% against the dollar and now trades at $1.70 or 0.00002726 BTC.
• Algorand (ALGO) traded down 7.9% against the dollar and now trades at $0.0929 or 0.00000149 BTC.
• Fetch.ai (FET) traded 7.3% lower against the dollar and now trades at $0.20 or 0.00000324 BTC.
• Akash Network (AKT) traded 11.4% lower against the dollar and now trades at $0.58 or 0.00000936 BTC.
• PayProtocol Paycoin (PCI) traded 2.6% lower against the dollar and now trades at $0.0405 or 0.00000065 BTC.

About Theta Fuel

Theta Fuel (TFUEL) uses the hashing algorithm. Its genesis date was March 15th, 2019. Theta Fuel’s total supply is 7,354,896,420 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”

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 Gemini, Changelly or GDAX. 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