Theta Fuel (TFUEL) Price Hits $0.0145 on Major Exchanges

Theta Fuel (TFUEL) traded 1.2% higher against the dollar during the 24-hour period ending at 8:00 AM Eastern on February 21st. Over the last seven days, Theta Fuel has traded 6.7% lower against the dollar. One Theta Fuel coin can now be purchased for approximately $0.0145 or 0.00000021 BTC on exchanges. Theta Fuel has a total market cap of $105.26 million and $1.74 million worth of Theta Fuel was traded on exchanges in the last day.

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

• Cronos (CRO) traded up 0.5% against the dollar and now trades at $0.0782 or 0.00000115 BTC.
• Hedera (HBAR) traded up 1.5% against the dollar and now trades at $0.10 or 0.00000147 BTC.
• Avalanche (AVAX) traded 2% higher against the dollar and now trades at $9.28 or 0.00013606 BTC.
• NEAR Protocol (NEAR) traded 5.7% higher against the dollar and now trades at $1.08 or 0.00001585 BTC.
• Internet Computer (ICP) traded up 3.8% against the dollar and now trades at $2.24 or 0.00003285 BTC.
• Cosmos (ATOM) traded 0% higher against the dollar and now trades at $2.35 or 0.00003453 BTC.
• Algorand (ALGO) traded 1.1% higher against the dollar and now trades at $0.0903 or 0.00000132 BTC.
• Fetch.ai (FET) traded up 1.8% against the dollar and now trades at $0.17 or 0.00000246 BTC.
• PayProtocol Paycoin (PCI) traded 0.5% higher against the dollar and now trades at $0.0605 or 0.00000089 BTC.
• Akash Network (AKT) traded up 2.1% against the dollar and now trades at $0.32 or 0.00000473 BTC.

Theta Fuel Coin Profile

TFUEL uses the hashing algorithm. Its launch date was March 15th, 2019. Theta Fuel’s total supply is 7,236,445,002 coins. Theta Fuel’s official Twitter account is @theta_network and its Facebook page is accessible here. 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 message board for Theta Fuel is medium.com/theta-network/theta-fuel-the-operational-token-of-the-theta-network-2f6823e2182e. 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 possible to buy alternative cryptocurrencies such as Theta Fuel directly using US dollars. Investors seeking to trade Theta Fuel should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Theta Fuel using one of the aforementioned exchanges.

TFUEL/USD price chart by TradingView