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Theta Fuel

What is 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.

Primary features of Theta Fuel

  • 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.

Is Theta Fuel a promising cryptocurrency?

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.

How to use Theta Fuel coins?

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 & Cons of Theta Fuel coin

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.

Trade Theta Fuel coin on CoinSwitch kuber

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 ICO summary

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.

FAQ's on Theta Fuel

  • How does Theta Fuel cryptocurrency work?

Theta Fuel serves as the utility token in data delivery and decentralized video. It also acts as a gas token in the protocol.

  • How to buy Theta Fuel cryptocurrency?

You can buy Theta Fuel coins online on any cryptocurrency exchange. Furthermore, you can earn coins by viewing streams on Theta TV.

  • How Many Theta Fuel Coins Are There?

There are 5.3 billion Theta Fuel coins in existence which increases as people stake rewards.

  • How to invest in Theta Fuel cryptocurrency?

You can invest in Theta Fuel (TFUEL) using the CoinSwitch Kuber app.

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Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.

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Theta Fuel works as the utility token for payments to relayers for sharing a video stream, or for interacting with smart contracts