Theta Fuel (TFUEL) Market Capitalization Achieves $99.81 Million

Theta Fuel (TFUEL) traded up 4.4% against the dollar during the twenty-four hour period ending at 8:00 AM Eastern on March 1st. Theta Fuel has a market capitalization of $99.81 million and $2.99 million worth of Theta Fuel was traded on exchanges in the last 24 hours. In the last week, Theta Fuel has traded down 3.9% against the dollar. One Theta Fuel coin can now be bought for $0.0138 or 0.00000021 BTC on major exchanges.

Here’s how other cryptocurrencies have performed in the last 24 hours:

• Cronos (CRO) traded 4% higher against the dollar and now trades at $0.0758 or 0.00000114 BTC.
• Hedera (HBAR) traded 3.7% higher against the dollar and now trades at $0.0986 or 0.00000149 BTC.
• Avalanche (AVAX) traded 7% higher against the dollar and now trades at $9.10 or 0.00013722 BTC.
• NEAR Protocol (NEAR) traded up 8.3% against the dollar and now trades at $1.15 or 0.00001733 BTC.
• Internet Computer (ICP) traded up 5.5% against the dollar and now trades at $2.42 or 0.00003647 BTC.
• Cosmos (ATOM) traded 1.6% higher against the dollar and now trades at $1.82 or 0.00002750 BTC.
• Algorand (ALGO) traded 4.8% higher against the dollar and now trades at $0.0867 or 0.00000131 BTC.
• Fetch.ai (FET) traded 5.8% higher against the dollar and now trades at $0.15 or 0.00000232 BTC.
• PayProtocol Paycoin (PCI) traded up 2.3% against the dollar and now trades at $0.0552 or 0.00000083 BTC.
• Akash Network (AKT) traded up 4.6% against the dollar and now trades at $0.30 or 0.00000455 BTC.

About Theta Fuel

TFUEL uses the hashing algorithm. Its genesis date was March 15th, 2019. Theta Fuel’s total supply is 7,245,534,745 coins. 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 website is www.thetatoken.org. 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.

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 buy alternative cryptocurrencies such as Theta Fuel directly using US dollars. Investors seeking to acquire Theta Fuel should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Gemini or Changelly. 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