Theta Fuel

Theta Fuel, the operational token of the Theta Protocol, works as the utility token for payments to relayers for sharing a video stream, or for interacting with smart contracts. TFUEL also serves as the gas token of the protocol. 

About Theta Fuel 

Mitch Liu and Jieyi Long are regarded as the founders of the entire Theta ecosystem and Theta Fuel coin in 2017. Theta has a long list of investors as Sony Innovation Fund, Samsung NEXT, CAA Creative Artists Agency, DCM, Sierra Ventures, and many more.

• It is used for interacting with smart contracts and also serves as a gas of the protocol.
• It works on the ‘Proof-of-Stake’ consensus algorithm.
• It has a market capitalization of almost $2 Billion.
• Theta Fuel (TFUEL) serves as a means of payment for setting up caching nodes and as fees for NFTs and Defi applications.

Theta Fuel (TFUEL) is designed to serve as the utility token in data delivery and decentralized video on the Theta blockchain. If you are looking to buy a Theta Fuel coin, then you can check for third-party cryptocurrency exchanges like Coinswitch Kuber.

Theta Fuel ensures greater security, speedy transactions, and a trustless approach. You can use Theta Fuel (TFUEL) in the following ways:

• Streaming: Earn Theta fuel coins for every minute of stream viewing on the Theta TV.

• International Transfers: Theta fuel coins could be transferred easily to family and friends.

• Smart contracts: Theta fuel is also used for deploying and interacting with smart contracts.

• Investment:Theta fuel has grown exponentially in the past that makes it a good investment.

Pros

• Content Creator: Anyone can become a streamer on Theta TV to earn TFUEL through contributions from viewers.
• Transaction: The transaction process is efficient as it runs on the Ethereum blockchain. 
• Bandwidth: Theta Fuel coins can be earned by providing bandwidth to the network.
• High-grade encryption: Protects your privacy and ensures complete anonymity.

Cons

• Unlimited supply: The Theta Fuel coins are unlimited that can possibly diminish their value.
• Giant Competitors: Bitcoin and Ethereum are its largest and most popular competitors.

You can start investments and trade with just Rs.100.

• Allows instant withdrawal and deposit directly to bank accounts. 
• Trade-in Theta Fuel (TFUEL) at zero fees.
• Intuitive and straightforward UI.
• Easily track your transactions and manage your portfolio.

Theta Fuel didn’t have an ICO of its own but 5 TFUEL coins were distributed to people who held 1 Theta. Theta Fuel coins could be purchased on coin exchanges or you can earn them by viewing streams.