Theta Fuel (TFUEL) Price Hits $0.0331

Theta Fuel (TFUEL) traded 2.3% higher against the dollar during the 24-hour period ending at 12:00 PM Eastern on April 11th. In the last seven days, Theta Fuel has traded 2% higher against the dollar. Theta Fuel has a total market capitalization of $228.37 million and approximately $6.78 million worth of Theta Fuel was traded on exchanges in the last day. One Theta Fuel coin can now be bought for about $0.0331 or 0.00000040 BTC on exchanges.

Here’s how related cryptocurrencies have performed in the last day:

• Cronos (CRO) traded 2.1% higher against the dollar and now trades at $0.0859 or 0.00000104 BTC.
• Avalanche (AVAX) traded up 8.5% against the dollar and now trades at $19.19 or 0.00023301 BTC.
• Hedera (HBAR) traded 0% lower against the dollar and now trades at $0.17 or 0.00000202 BTC.
• NEAR Protocol (NEAR) traded up 5.9% against the dollar and now trades at $2.06 or 0.00002506 BTC.
• Internet Computer (ICP) traded up 4.2% against the dollar and now trades at $4.96 or 0.00006021 BTC.
• Cosmos (ATOM) traded down 0.1% against the dollar and now trades at $4.24 or 0.00005148 BTC.
• Algorand (ALGO) traded 6.3% higher against the dollar and now trades at $0.18 or 0.00000221 BTC.
• Fetch.ai (FET) traded 7.6% higher against the dollar and now trades at $0.44 or 0.00000533 BTC.
• Kava (KAVA) traded 1.2% higher against the dollar and now trades at $0.41 or 0.00000502 BTC.
• Akash Network (AKT) traded 6.5% higher against the dollar and now trades at $1.05 or 0.00001271 BTC.

About Theta Fuel

Theta Fuel uses the hashing algorithm. Its genesis date was March 15th, 2019. Theta Fuel’s total supply is 6,903,637,765 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. Theta Fuel’s official Twitter account is @theta_network and its Facebook page is accessible 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.”

Theta Fuel Coin Trading

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

TFUEL/USD price chart by TradingView