Theta Fuel (TFUEL) Hits Market Capitalization of $70.36 Million

Theta Fuel (TFUEL) traded up 2.4% against the U.S. dollar during the 24-hour period ending at 8:00 AM ET on September 5th. One Theta Fuel coin can now be bought for $0.0094 or 0.00000012 BTC on popular exchanges. Theta Fuel has a total market cap of $70.36 million and $668.81 thousand worth of Theta Fuel was traded on exchanges in the last 24 hours. Over the last week, Theta Fuel has traded up 3.9% against the U.S. dollar.

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

• Cronos (CRO) traded 2.5% lower against the dollar and now trades at $0.0561 or 0.00000070 BTC.
• Hedera (HBAR) traded 1.8% higher against the dollar and now trades at $0.0804 or 0.00000101 BTC.
• Avalanche (AVAX) traded 0.1% higher against the dollar and now trades at $7.50 or 0.00009418 BTC.
• NEAR Protocol (NEAR) traded up 12.2% against the dollar and now trades at $2.26 or 0.00002834 BTC.
• Internet Computer (ICP) traded 1.7% higher against the dollar and now trades at $2.62 or 0.00003295 BTC.
• Algorand (ALGO) traded up 3.5% against the dollar and now trades at $0.0960 or 0.00000120 BTC.
• Cosmos (ATOM) traded up 1.2% against the dollar and now trades at $1.54 or 0.00001934 BTC.
• Fetch.ai (FET) traded 5.9% higher against the dollar and now trades at $0.17 or 0.00000210 BTC.
• Akash Network (AKT) traded 3.2% higher against the dollar and now trades at $0.52 or 0.00000659 BTC.
• PayProtocol Paycoin (PCI) traded 0.7% lower against the dollar and now trades at $0.0366 or 0.00000046 BTC.

About Theta Fuel

TFUEL uses the hashing algorithm. It launched on March 15th, 2019. Theta Fuel’s total supply is 7,456,687,510 coins. 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. 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 Changelly, Gemini 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