Exchange Theta Fuel (TFUEL)
If you're looking to swap Theta Fuel, SwapSpace is your one-stop shop. We have some light reading for you — in case you'd like a refresher on what is Theta Fuel, or some fresh information about TFUEL’s price movements. And, of course, we provide you with multiple Theta Fuel exchange options so that you can choose the offer with the best rates and lowest Theta Fuel fees, as well as other parameters that suit you.
Theta Fuel Price Stats
To help you make a decision about exchanging your Theta Fuel, we gathered some cold hard numbers: Theta Fuel price chart and other stats, such as Theta Fuel market cap.
TFUEL 24H HIGH $0.05021903466499
TFUEL MARKET CAP $312,402,682.179
TFUEL CIRCULATING SUPPLY 6,375,815,335 TFUEL
TFUEL 24H LOW $0.04855881949746
TFUEL PRICE $0.04899807566
TFUEL 24H VOLUME $2,081,100
Theta Fuel Price Chart
Here you can see the current price of Theta Fuel, as well as Theta Fuel price history.
What is Theta Fuel?
Theta Network is an open-source blockchain protocol created to improve the process of developing, broadcasting, and consuming online video content.
The viewers on the platform can get rewards for sharing their bandwidth and resources with other peers and participating in securing the network. Thanks to the decentralized ledger technology, the Theta network offers smoother video streaming of higher quality, while reducing the cost of delivering the content. It also lets multimedia platforms save money on creating infrastructure and advertising and subscriptions. The network also allows developers to launch decentralized applications like DeFi and NFTs on its fully-featured EVM-compatible network.
The Theta Fuel and its ecosystem were founded by Mitch Liu and Jieyi Long in 2017. Liu has a long experience in the gaming, video, and virtual reality industries and he even co-founded a video advertising firm Tapjoy, a mobile social gaming start-up Gameview Studios, and the THETA.tv live streaming platform whose dApps were first to be implemented on the Theta network. Long has a multi-year experience in related industries such as design automation, gaming, VR, and large-scale distributed systems. He also created multiple peer-reviewed papers and holds some patents in video streaming, blockchain, and virtual reality.
The Theta blockchain utilizes a Proof-of-Stake consensus mechanism to provide security, so the users can earn rewards from staking. Additionally, it adds a multi-level Byzantine Fault Tolerance Consensus Mechanism to achieve better security and higher transaction throughput.
Even though Theta doesn’t have other very famous team members, it is backed by huge corporate investors including Digital Media Investments, CAA (Creative Artists Agency), Sierra Ventures, VR Fond, etc.
First, the project idea was introduced on Medium, and after a few months, in January 2018 the team started to distribute its ERC-20 token. The Theta 1.0 mainnet was realized in March 2019 and each holder of the Theta token received 5 TFUEL coins. After the initial distribution of 5 billion TFUEL, the supply increase target was set. The supply of TFUEL tokens increases by 5% every year.
In July 2021 Theta rolled out its mainnet 3.0, which has the support of smart contracts. It is one of the steps the project’s team takes to boost user engagement and retention. The smart contracts on the Theta blockchain allow the ownership of digital assets. transparent royalty distribution, trustless crowdfunding mechanisms, novel payment consumption patterns, and so on.
Recently the project announced the launch of the mainnet 4.0 planned for December 1, 2022. It will support Web3 business. Another plan is to create a Theta Metachain that is described as a “chain of chains”.
The project has two tokens. TFUEL should not be confused with THETA, which is a governance coin of the Theta blockchain supported by thousands of community-run Guardian nodes and its Enterprise validators, including Google, Binance, Blockchain Ventures, Gumi, and Samsung.
Theta Fuel is the operational token of the network, used to power the network and pay the gas fees on it. New tokens for paying staking rewards are minted every year. As of August 2022 the circulating supply of the TFUEL token is 5.3 billion.
A Simple Way To Exchange Theta Fuel Here At SwapSpace
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