Theta Fuel (TFUEL) Market Cap Reaches $58.81 Million

Theta Fuel (TFUEL) traded down 1.6% against the US dollar during the 24 hour period ending at 8:00 AM ET on July 23rd. Theta Fuel has a market capitalization of $58.81 million and $1.65 million worth of Theta Fuel was traded on exchanges in the last day. During the last week, Theta Fuel has traded up 0.7% against the US dollar. One Theta Fuel coin can currently be purchased for approximately $0.0079 or 0.00000012 BTC on major cryptocurrency exchanges.

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

• Cronos (CRO) traded up 0.9% against the dollar and now trades at $0.0584 or 0.00000089 BTC.
• Hedera (HBAR) traded up 2.3% against the dollar and now trades at $0.0728 or 0.00000111 BTC.
• Avalanche (AVAX) traded 1.2% higher against the dollar and now trades at $6.58 or 0.00010045 BTC.
• NEAR Protocol (NEAR) traded 0.3% higher against the dollar and now trades at $1.89 or 0.00002886 BTC.
• Internet Computer (ICP) traded 0.1% lower against the dollar and now trades at $2.19 or 0.00003339 BTC.
• Cosmos (ATOM) traded 0.5% lower against the dollar and now trades at $1.46 or 0.00002225 BTC.
• Algorand (ALGO) traded 0.8% lower against the dollar and now trades at $0.0829 or 0.00000127 BTC.
• Fetch.ai (FET) traded 0.4% higher against the dollar and now trades at $0.15 or 0.00000236 BTC.
• Akash Network (AKT) traded 0.2% lower against the dollar and now trades at $0.54 or 0.00000817 BTC.
• PayProtocol Paycoin (PCI) traded up 1% against the dollar and now trades at $0.0382 or 0.00000058 BTC.

About Theta Fuel

Theta Fuel uses the hashing algorithm. Its genesis date was March 15th, 2019. Theta Fuel’s total supply is 7,408,111,428 coins. 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 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. 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 currently possible to purchase alternative cryptocurrencies such as Theta Fuel directly using U.S. dollars. Investors seeking to trade Theta Fuel should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, GDAX or Coinbase. 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