Theta Fuel (TFUEL) is one of the Theta blockchain's two native coins. TFUEL should not be confused with Theta Token (THETA), the Theta blockchain's governance token, which is backed by thousands of community-run Guardian nodes and enterprise validators, including Google, Samsung, and many others.
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TFUEL is part of a dual cryptocurrency system on the Theta protocol’s blockchain. TFUEL serves as a utility token with the distribution of video and data. In addition, TFUEL is also a gas token that can be used to cover transaction fees on the protocol.
This implies that it is utilized to fuel all activities on the Theta blockchain, such as payments to Relayers for distributing a video stream, installing and engaging with smart contracts, and as transaction fees for NTFs and DeFi apps.
TFUEL also serves as an incentive to those who provide extra processing power when they become Edge Compute nodes. It also rewards Edge Caching nodes which provide bandwidth resources for the video streams and additional data on the Theta protocol.
|Component||Theta Fuel (TFUEL)|
|Technologies||PoS, Multi-level Byzantine Fault Tolerance, Guardian nodes, and more|
|Market Capitalization||$1 Billion+|
|Consensus Mechanism||Proof of Stake|
|Founders/Authors||Mitch Liu and Jieyi Long|
|Circulating Supply of Coins||5,301,214,400 TFUEL|
|Maximum Coin Supply||None|
|Is Theta Fuel a Stablecoin?||No|
|Does Theta Fuel have a burn rate?||Yes, in Theta 3.0|
|Does Theta Fuel have a Whitepaper?||Yes, all white papers can be viewed here|
Evolution and Development of Theta Fuel
Mitch Liu and Jieyi Long co-founded Theta Fuel, and by extension, the whole Theta Ecosystem, in 2017. Mitch Liu has extensive experience with industries involved in gaming, video, and virtual reality (VR). Liu was involved in the establishment of Tapjoy, Gameview Studios, and THETA.TV.
THETA.TV is a live streaming platform, and the first DApp developed on the blockchain of Theta. Theta’s second co-founder, Jieyi Long, has extensive experience in design automation as well as VR, distributed systems, and the gaming industry.
He has produced several peer-reviewed academic articles and is the inventor of numerous patents in the fields of video streaming, blockchain technology, and virtual reality. Theta may have a small dev team, but it has several strategic partnerships and large investors such as Samsung NEXT, the Sony Innovation Fund, and others.
In addition, Theta also has several media investors such as BDMI Bertelsmann Digital Media Investments and CAA Creative Artists Agency, as well as traditional Silicon Valley venture capital firms such as DCM, Sierra Ventures, and the VR Fund.
What makes Theta Fuel unique?
Theta Fuel (TFUEL) is one of two native tokens on the Theta Network. While most people think of Theta Fuel as a driving force and energy source for the network, there is more to it than trading TFUEL. One of the Theta Network's member groups are users who act as data relays throughout the network, referred to as edge nodes.
Edge nodes are rewarded for sacrificing some bandwidth and computational capacity to help the network distribute data, all while consumers receive the content. Theta Fuel (TFUEL) is the native cryptocurrency token that has intrinsic value, is exchangeable, and fungible.
Theta Fuel has no supply cap and a yearly inflation rate of 5%. This may sound excessive, but TFUEL is one of the few cryptocurrencies not intended for long-term keeping or staking.
To accomplish the latter, the Theta Token, another native token of this network, is established.
What are the main uses for Theta Fuel?
Theta Fuel is the protocol's operating token. TFUEL is used to support on-chain activities like paying Relayers for distributing a video feed or installing and engaging with smart contracts.
TFUEL is earned by Relayers for each video stream they relay to other network members. Consider Theta Fuel as the protocol's “gas.” TFUEL was minted as a native coin on the Theta blockchain when the Theta protocol mainnet was launched.
What is the future potential for Theta Fuel?
Theta Labs' Mainnet debut was a huge success, and this coin was introduced lately because of this remarkable accomplishment. TFUEL was designed to work in perfect synchronization with the Theta protocol as the utility token of the blockchain.
TFUEL's main goal is to enable knowledge and information exchange between users, and as such, TFUEL will be burned if users interact with smart contracts.
Price analysis on Theta Fuel
Theta Fuel was initially launched in 2019, and its price analysis over the past three years are as follows:
|2019||2020||2021 to date|
|TFUEL Price High||$0.022||$0.017||$0.590|
|TFUEL Price Low||$0.0023||$0.0011||$0.024|
Price prediction on Theta Fuel
TFUEL has provided critical assistance for several live broadcast portions. Sliver is one of the most notable ones. Samsung VR, Sliver.TV, and MBN, Korea's biggest source of business news. Now, the Theta decentralized network supports two primary native tokens: Theta and TFUEL.
TFUEL is a native digital token that was introduced in 2019 and worked in perfect sync with the Theta protocol. The platform offers a new delivery rate that can be adjusted if compliance is met on the Theta network.
The quantity of TFUEL coins will be increased at a rate of 5% per year initially. Each network member that runs the Validator node, or Guardian, will get a piece of the newly created TFUEL supply according to the quantity of THETA they order, which will be converted into TFUEL incentives.
According to crypto specialists' estimates and powerful technical analysis techniques, long-term growth is anticipated; the price forecast for 2026 is $4.001, making it a worthwhile long-term investment.
According to the digital currency TFUEL price projection, it offers both short-term and long-term potential benefits. In comparison to most other cryptocurrencies, the THETA FUEL price may reach $0.60 by the end of March.
Where can you buy Theta Fuel?
TFUEL can be bought, sold, and exchanged on any of the following exchanges.
1. ZT: ZT is a cryptocurrency exchange designed for casual cryptocurrency traders. ZT is primarily a crypto-to-crypto exchange, which means it offers a diverse range of cryptocurrencies.
Additionally, its OTC desk allows users to purchase stablecoins with fiat and vice versa, and its ZT Savings area enables customers to generate passive crypto income. ZT is a safe and regulated platform, which means that you must authenticate your identity to use all the platform's services and withdraw cash.
|There is an OTC desk on the exchange||KYC is mandatory for fund withdrawal|
|The exchange has low trading costs||There is no direct trading of fiat for crypto|
|There is a staking platform provided||Mobile trading apps are still in Beta testing|
|There is a vast selection of digital tokens|
2. Gate.io: Gate.io is a Chinese cryptocurrency exchange that has been in operation since 2013. It is one of the oldest crypto-to-crypto exchanges. There are 180 different currencies and approximately 400 distinct cryptocurrency markets offered.
Gate.io is recognized as an altcoin exchange, and with good reason: it is the most comprehensive cryptocurrency exchange available. Gate.io is a low-fee service, like other cryptocurrency exchanges, and its development staff is well-versed in cybersecurity.
|Traders can choose between 180 crypto assets and more than 400 different markets||Fiat deposits are not supported|
|There are several innovative features offered||Unregulated|
|Traders can participate in margin trading with 1:10 leverage||The development team is not transparent|
|The exchange is excellent as an IEO platform|
|There are innovative trading apps offered|
|There is prompt and dedicated support offered|
3. Upbit: Upbit launched in 2017 in Korea. In addition to its unique features, Upbit swiftly became the most popular cryptocurrency exchange in terms of daily trading volume. The exchange only accepts one payment method and one fiat currency. The platform is usable; however, the trading costs are high.
|Upbit offers several digital tokens and crypto assets||The platform only has one supported payment method|
|Deposit fees are not charged||The fees are not as low as competitors|
|The platform is the ideal digital solution with many features, products, and services||There are regional restrictions|
|There is a potential customer base integrated from Kakao|
4. Binance: Binance allows you to trade more than 50 different cryptocurrencies and is a wonderful choice for anybody who needs more extensive charting capabilities than are available on most other exchanges.
The tools, graphing capabilities, and data that come with your account are very outstanding, particularly when you consider the affordable prices that you will be charged for them.
|The exchange offers a vast range of digital tokens that can be traded globally||The platform is extremely complex and there is no native wallet|
|There are low fees, which means that traders can see more of their profits and earnings|
|There are several trading options offered|
5. HitBTC: The HitBTC cryptocurrency exchange has been in operation for more than a decade and is one of the most established venues for exchanging digital assets. HitBTC is a cryptocurrency trading and coin exchange platform; it does not provide investment programs or other financial products.
|There are over 500 trading pairs provided||Passive investment options are not offered|
|The commissions charged on withdrawals is extremely low||High commissions for some account types|
|Support can be contacted 24/7||There are trading volumes applied per trade|
|There are only a few technical analysis and fundamental analysis tools|
|There is no affiliate program|
You can buy Theta Fuel safely from these cryptocurrency platforms.
Does Theta Fuel use coin burns?
Yes, TFUEL burnings take place.
Traditionally, video streaming sites like YouTube and Twitch pay a centralized content delivery network such as Akamai, AWS CloudFront, and several others for providing streaming services.
A platform can access the distribution network for free, but the service would be restricted and certainly without quality assurance.
To acquire higher service assurances, a platform must pay for the delivery service. Theta Network follows a similar business model but handles service payments in a fully decentralized and transparent method.
As with conventional content delivery services, systems need to pay Theta network to use its infrastructure with service assurances. These payments are made in TFuel and recorded on-chain.
According to the current on-chain platform payment records, each edge node independently decides the priority of the platforms’ traffic. Greater payers will subsequently receive higher priority.
By ensuring this, bigger platforms may acquire steady and trustworthy services by paying competitive market costs. Individual users (i.e., freelance streamers) can continue to utilize the Edge Network for free but without service quality assurances.
If there is more demand from platforms than the bandwidth given by the edge network, then network fees (i.e., the amount of TFuel burned) will automatically grow comparable to the gas pricing of Ethereum.
A part of the TFuel contributions to the network will be burnt forever, and the remaining will be shared among the elite nodes that submitted a Proof-of-Relay. Initially, the procedure stipulates that at least 25% of each payment will be burnt.
What is the Staking Process involved with Theta Fuel?
Theta Mainnet 2.0 included a 5%-per-year TFuel inflation incentive for Theta staking, incentivizing token holders to stake Theta to validators and guardian nodes, therefore securing the blockchain network using Theta's multilevel-BFT consensus process.
Additionally, video platforms acquire TFuel to integrate the Theta peer-to-peer video distribution protocol into their infrastructure, compensate end users for sharing bandwidth, and to act as a payment option for content providers.
Staking TFuel to elite nodes may be considered as a temporary sink, removing TFuel from circulation for a certain length of time.
What can Theta Fuel smart contracts do?
Theta Ledger offers an Ethereum-compatible runtime framework for smart contracts. It is completely compatible with Turing-Complete smart contracts. Ethereum smart contracts written in Solidity might be readily transferred to Theta Ledger.
The Solidity developer community was granted permission to contribute to Theta, ensuring that Theta and the Ethereum EVM will always be compatible.
Smart contracts enable the development of new attributing models and consumer experiences for DApps on the Theta Ledger video platform. Platform DApps might promote users depending on their activity or the number of video segments/data they have sent.
To promote their preferred content providers, video networks might offer blockchain-backed virtual goods (e.g., a virtual rose).
Using the “non-fungible token” protocol, the virtual goods may be rare or unique, allowing them to be maintained as trophies or traded for other sought-after treasures without the approval of a third party.
Additionally, video platforms may build smart contracts that enable more flexible payment models like pay-per-use or pay-per-view. Rather than paying a yearly or monthly membership fee, users may pay just for the services they utilize.
This is a cost-effective method of exchanging low-cost, short-form material that benefits both the streaming platform and the viewer. This is feasible because Theta Ledger is capable of tracking micropayments and video segments.
Additionally, smart contracts may be built to assist content providers (e.g., creators of user-generated content, larger production corporations) in distributing royalties fairly and transparently. Explicit smart contract rules agreed upon by producers and distributors – and made public to content consumers – may accommodate traditional royalty payment schemes.
Is Theta Fuel a Good Investment?
Yes, Theta Fuel is a good investment.
Theta Fuel has a strong potential for growth in the future since it is one of the fastest-growing cryptocurrencies; as a result, many market aficionados are enthusiastic about the currency, particularly considering previous data.
What is the supply and distribution of Theta Fuel?
THETA and TFUEL are the two coins that comprise the Theta ecosystem. Both currencies are utilized as the primary medium of exchange on the Theta blockchain but have distinct purposes.
There are presently 5,232,675,200 TFUEL coins in circulation, and this number continues to rise each year as new TFUEL are issued for staking incentives. Theta Tokens are limited in quantity and will never rise in value, which means there will always be 1,000,000,000 coins in circulation.
Theta is based on the proof-of-stake algorithm, which enables staking. Because the total quantity of THETA in circulation is finite, TFUEL is the reward for staking on the network. To qualify for staking, you must stake at least 1,000 THETA or operate your own Guardian Node.
What are the differences between Theta Fuel and Bitcoin?
Bitcoin is a 2009 decentralized digital money. It is based on a white paper written by the enigmatic Satoshi Nakamoto. 12 The creator(s) of the technology remain unknown. One of the objectives that Bitcoin has is to ensure that transaction costs are reduced to less than conventional payment methods.
Theta Fuel is the Theta Network's second token. Theta Fuel is a native Theta token. In on-chain activities, TFUEL enables payments to Relayers that share video streams and smart contracts.
|Price change 20/21||+400%||+550%|
|Market Cap||$800 Billion+||$1 Billion+|
|Popularity||Very High||Very Low|
|Altcoin Rank||#1 – Original Crypto||#93|
What are the differences between Theta Fuel and Ethereum?
The Theta blockchain was created to reward users who join Theta for donating their video streaming resources, such as additional bandwidth and computer power.
As a result, more individuals joining Theta means better video streaming quality. In return, they get tokens as rewards.
Because it follows the ERC-20 standard, Theta's decentralized video distribution network may grow and interoperate. Ethereum is also an open-source, decentralized project. However, it is distinct from subsequent crypto ventures.
Like Bitcoin, Ethereum is a public ledger, meaning it is disseminated around the world. The Ethereum public ledger is accessible on thousands of volunteer computers (nodes).
Ethereum blockchain is often seen as a supercomputer that solves mathematical puzzles to validate network transactions.
|Price change 20/21||+880%||+550%|
|Market Cap||$460 Billion+||$1 Billion+|
|Popularity||Very High||Very Low|
What are the differences between Theta Fuel and NEO?
Neo is an open-source, community-driven platform that leverages the inherent benefits of blockchain technology to create the future's most optimized digital world.
Theta Network is the world's first blockchain-based video distribution network. Theta enables users to view video material concurrently while earning tokens for transmitting video to other viewers who are also watching the same material.
|Price change 20/21||+160%||+550%|
|Market Cap||$1.70 Billion+||$1 Billion+|
What are the differences between Theta Fuel and NFTs?
Nonfungible tokens (NFTs) are digital assets that each have a unique value, with no two NFTs holding the same characteristics or value as another. Theta Fuel, on the other hand, is fungible, which means that one TFUEL has the same value and characteristics as another TFUEL.
What are the differences between Theta Fuel and Cardano?
Theta Network is the premier blockchain-powered video distribution network. Theta enables users to view video material at the same time while earning token incentives for conveying video to other individuals who are also viewing the same media.
The Cardano Foundation is a cryptocurrency and blockchain organization established in Zug, Switzerland. The Foundation's primary goal is to “standardize, preserve, and promote” Cardano Protocol technology.
|Price change 20/21||+2,100%||+550%|
|Market Cap||$42 Billion+||$1 Billion+|
|Popularity||Very High||Very Low|
Which wallets support TFuel?
On the crypto markets, there is a tremendous need for multi-functional, dependable cryptocurrency wallets with a high degree of security. The digital wallets listed below are the best solutions for transmitting, receiving, and keeping TFUEL.
- Guarda Wallet
- Theta Wallet
- Trezor Wallet
- Atomic Wallet
1. Guarda Wallet: Guarda is a multi-asset wallet that can hold over 500 crypto-assets in addition to Theta, making it easier to manage the entire portfolio simultaneously.
Guarda wallet is accessible for all major online and mobile operating systems, allowing users to access crypto-cash from any of their devices at any time.
2. Theta Wallet: The official wallet designed by the Theta team is Theta Wallet. It is accessible as a web app as well as a mobile trading app compatible with iOS and Android devices.
This wallet provides complete integration with the Theta ecosystem: not only can you send and receive TFUEL transactions, but you can also use the platform's functionality as a decentralized streaming service.
3. Trezor Wallet: Trezor is a hardware wallet that offers enhanced protection while processing bitcoin and other cryptocurrencies' secret keys.
TREZOR, in contrast to typical cold storage solutions (offline storage or a paper wallet), can perform safe payments without exchanging secret keys over potentially harmful computers or mobile devices.
4. MetaMask: MetaMask is usually used to access decentralized applications on either the Ethereum or Binance Smart Chain.
However, Theta has made its token fully interoperable with the ETH ecosystem, including its fundamental encryption and wallet structure. As a result, TFUEL may be stored in MetaMask, which is accessible for mobile phones and as a Chrome plugin.
5. Atomic Wallet: If users want to keep all their investments in one location, Atomic Wallet is another smart option. It is compatible with Windows, macOS, and mobile phones. It is a non-custodial wallet that supports 500+ currencies and features a built-in exchange powered by ChangeNOW, much as Guarda.
How do end-to-end platforms work?
End-to-end refers to a process that encompasses the whole lifecycle of a system or service and results in a fully working solution, often without the involvement of a third party.
It is often used to refer to suppliers who can see a project through to completion and provide everything necessary to develop a functional solution—including hardware, software, personnel, written documents, and processes.
Typically, end-to-end solutions are implemented with suppliers that provide complete systems that maintain pace with a business's ever-changing infrastructure needs and the changing expectations of the information technology industry.
End-to-end vendors often manage the hardware and software components of a system, including setup, implementation, and maintenance. From the client interface to data storage, an end-to-end solution may include everything.
How can viewers earn from the TFuel video platform?
Users can earn TFUEL by performing any of the following functions.
- When they watch live streaming channels on Theta.TV
- Using the referral program that is available on Theta.TV
- By running the Theta Edge Node on the user's computer
- By becoming a content creator on the Theta Network using Edgecast
- By anticipating airdrops that are sent to the accounts of users on Theta.TV