Theta Fuel Tops 24 Hour Trading Volume of $562.07 Thousand (TFUEL)

Theta Fuel (TFUEL) traded up 0% against the US dollar during the twenty-four hour period ending at 8:00 AM ET on July 31st. One Theta Fuel coin can currently be bought for $0.0073 or 0.00000011 BTC on exchanges. Over the last seven days, Theta Fuel has traded down 7.9% against the US dollar. Theta Fuel has a market cap of $53.82 million and approximately $562.07 thousand worth of Theta Fuel was traded on exchanges in the last day.

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

• Cronos (CRO) traded 0.4% lower against the dollar and now trades at $0.0548 or 0.00000086 BTC.
• Hedera (HBAR) traded down 0.1% against the dollar and now trades at $0.0680 or 0.00000107 BTC.
• Avalanche (AVAX) traded down 0.8% against the dollar and now trades at $6.44 or 0.00010108 BTC.
• NEAR Protocol (NEAR) traded 1.1% lower against the dollar and now trades at $1.64 or 0.00002571 BTC.
• Internet Computer (ICP) traded 1% lower against the dollar and now trades at $2.05 or 0.00003224 BTC.
• Algorand (ALGO) traded 0.4% higher against the dollar and now trades at $0.0781 or 0.00000123 BTC.
• Cosmos (ATOM) traded down 4.6% against the dollar and now trades at $1.23 or 0.00001933 BTC.
• Fetch.ai (FET) traded up 1.4% against the dollar and now trades at $0.14 or 0.00000222 BTC.
• Akash Network (AKT) traded down 2.8% against the dollar and now trades at $0.43 or 0.00000681 BTC.
• PayProtocol Paycoin (PCI) traded 2% lower against the dollar and now trades at $0.0348 or 0.00000055 BTC.

Theta Fuel Profile

Theta Fuel (TFUEL) uses the hashing algorithm. Its launch date was March 15th, 2019. Theta Fuel’s total supply is 7,417,030,220 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. 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. Telegram, Discord, Facebook, GitHub, RedditWhitepaper”

Theta Fuel Coin Trading

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

TFUEL/USD price chart by TradingView