Theta Fuel Price
(TFUEL)
USD($)
Theta Fuel (TFUEL) Live Price Chart
Overview
About
Analysis
FAQ
Theta Fuel Live Price Data
The live price of Theta Fuel is $0.07058, with a total trading volume of $ 65,174 in the last 24 hours. The price of Theta Fuel changed by +2.55% in the past day, and its USD value has decreased by -6.51% over the last week. With a circulating supply of 6.79B TFUEL, the market cap of Theta Fuel is currently 480.24M USD, marking a --% increase today. Theta Fuel currently ranks #126 in market cap.
How do you feel about Theta Fuel today?
Note: This data is for reference only.
Theta Fuel(TFUEL) Profile
Rank126
BBExpand 
Website
Documentation
Explorer
Contract
- --
Audited By
- --
Code & Community
Investors
- --
$0.06756
$0.07169
- ATH
- $0.68010
- Price Change (1h)
- -0.85%
- Price Change (24h)
- +2.55%
- Price Change (7d)
- -6.51%
- Market Cap
- $480.24M
- 24h Volume
- $65,174
- Circulating Supply
- 6.79B
- Max Supply
- --
About TFUEL
How can I buy Theta Fuel (TFUEL)?
Buying TFUEL on KuCoin is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy Theta Fuel (TFUEL) for more information. What Is Theta Fuel (TFUEL) Crypto?
Theta Fuel (TFUEL) is a cryptocurrency that powers the Theta Network. The decentralized platform leverages blockchain technology to enable high-quality video streaming, to provide a more efficient and cost-effective alternative to traditional video delivery platforms.
Unlike many cryptocurrencies, Theta Fuel was not introduced through an initial coin offering (ICO) or an initial exchange offering (IEO). Instead, it was distributed to existing Theta Token (THETA) holders through airdrops.
TFUEL serves as the internal coin for the Theta Network, providing incentives for participants to contribute resources and acting as a means of payment for goods and services within the network. The distribution of TFUEL to THETA holders continues through various mechanisms such as staking, watching video streams, and participating in governance decisions.
By using TFUEL as the platform’s internal currency, Theta Network aims to create a more seamless and efficient payment system for these transactions. Theta Fuel is an essential component of the Theta Network ecosystem, playing a pivotal role in incentivizing participation and providing a means of exchange within the platform.
How Does Theta Fuel (TFUEL) Work?
Theta Fuel (TFUEL) is a reward mechanism for network participants who contribute resources to the Theta Network. These resources can include bandwidth, storage, and computing power. Network participants who contribute resources can earn TFUEL for their efforts. TFUEL can then be used to pay for video content or other services within the Theta Network.
One of the unique features of the Theta Network is the use of a peer-to-peer network of nodes for video content delivery. This peer-to-peer network eliminates the need for a central server, reducing video delivery costs and improving video stream quality.
The Theta Network uses a proof-of-stake (PoS) consensus mechanism to validate transactions and create new blocks. This is achieved through validation nodes that stake TFUEL as collateral for network participation. These validators are responsible for verifying transactions and including them in the blockchain. Validators who successfully validate transactions are rewarded with additional TFUEL.
The Theta Network also uses a unique hybrid consensus mechanism, Multi-Level BFT (Byzantine Fault Tolerance). This mechanism combines PoS with a Byzantine Fault Tolerance consensus algorithm to create a secure and efficient system. Multi Level BFT allows faster transaction processing times and lower transaction fees than other blockchain networks.
History and Background of Theta Network and TFUEL Token
Theta Network was founded in 2017 by Mitch Liu and Jieyi Long. Theta Network aims to disrupt the centralized market for video delivery dominated by companies such as YouTube and Netflix. The Theta Network leverages blockchain technology to provide a decentralized and cost-effective alternative to traditional video delivery platforms.
Theta Fuel (TFUEL) was introduced in 2019 as a utility coin that powers the Theta Network. Since its introduction, the price of TFUEL has experienced significant fluctuations driven by various factors such as market sentiment, network usage, and adoption.
Theta Fuel (TFUEL) Price Movements ($)
| Period | Change | Change (%) |
|---|---|---|
| Today | $0.00159 | 2.32% |
| 7 Days | $-0.00492 | -6.51% |
| 30 Days | $-0.00888 | -11.17% |
| 3 Months | $0.01225 | 21.02% |
24H Investment Barometer
24H
- Buy
- The Investment Barometer represents the current sentiment of the majority of KuCoin users. It is based on multiple indicators, and can be used as an aspect to take into consideration when planning investments.
Strong SellSellNeutralBuyStrong Buy
Theta Fuel Conversion Rate
FAQ
How much is 1 Theta Fuel (TFUEL) worth?
KuCoin provides real-time USD price updates for Theta Fuel (TFUEL). Theta Fuel price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time TFUEL to USD exchange rates. Is Theta Fuel (TFUEL) a Good Investment?
There are several reasons why Theta Fuel (TFUEL) could be a good investment compared to other cryptocurrencies. One of the main reasons is its use case as a utility token for the Theta Network, which has the potential to revolutionize the centralized market for video delivery.
The peer-to-peer network of Theta Network is also a unique feature that sets it apart from other blockchain-based video platforms. This decentralized infrastructure enables faster and more cost-effective delivery of videos, which could make it more attractive to content creators and consumers.
Another factor that makes Theta Fuel an attractive investment is the growing acceptance of the Theta Network. The platform has partnerships with major companies in the gaming and entertainment industries, including Samsung, Google, and Lionsgate. These partnerships could promote the acceptance of the Theta Network and the use of TFUEL as a means of exchange within the network.
What Is Theta Fuel Price Prediction?
Several factors could positively impact the price prediction for Theta Fuel (TFUEL). One of these factors is the growing acceptance of the Theta Network. As more content creators and viewers use the Theta Network, the demand for TFUEL is likely to increase, which could lead to an increase in its price. Additionally, partnerships with large companies or the adoption by popular platforms could further increase the demand for TFUEL.
Another factor that could positively impact the price of TFUEL is the growth of the gaming industry. The Theta Network aims to revolutionize the gaming industry by providing a decentralized platform for game streaming. As the gaming industry continues to grow, the demand for the Theta Network and TFUEL is likely to increase, which could lead to an increase in its price.
The overall growth of the cryptocurrency market is also a factor that could positively impact the price of TFUEL. As more people adopt and invest in cryptocurrencies, the demand for TFUEL could increase, driving its price. Additionally, if Theta Network continues to innovate and improve its technology, it could attract more investors, increasing the price of TFUEL.
What Is TFUEL Token Used For?
Theta Fuel, or TFUEL, is a utility token used on the Theta Network. It serves the following purposes:
Native Currency
TFUEL is used for micropayments for content creators and transactions within the Theta network. It powers on-chain operations like payments to relayers for sharing a video stream or for deploying or interacting with smart contracts. TFUEL is also used to create, buy, sell, and transact digital NFT assets on ThetaDrop.
Mining
It is generated by block production, and developers and companies pay TFUEL to stream videos on the network and deploy smart contracts.
Incentive Token
On a video streaming platform like Theta.tv, users can earn TFUEL by watching and sharing their video stream with others in the network. This is similar to how Uber or Airbnb allows users to make money through excess capacity.
Crypto Asset to Trade and HODL
Trade Theta Fuel crypto against other digital assets to profit from changing market conditions and volatility. You can buy or sell TFUEL on the KuCoin Spot Market or hold it long-term if you believe in the future potential of the Theta Network. Ensure you do your own research (DYOR) before entering any trades in the crypto market.
What Are TFUEL Tokenomics?
The total supply of TFUEL is limited to 5 billion coins, with over 3.3 billion coins already in circulation as of May 2023. The remaining coins will be distributed in various ways, such as rewards for staking, operating the network, and partnerships. The circulation of TFUEL is expected to increase as more coins are distributed through these channels gradually.
TFUEL is used as the primary currency in the Theta Network to facilitate transactions and incentivize participation in the network. Users can earn TFUEL by staking their Theta coins, sharing their bandwidth and computing resources, or participating in network governance.
Can You Stake Theta Fuel (TFUEL)?
Staking TFUEL can potentially be great way to earn passive income while supporting the Theta Network. To stake TFUEL, you must acquire Theta coins and then exchange them for TFUEL on a supported exchange. Once you have TFUEL, you can stake it in a Theta wallet or with a third-party staking service.
When staking TFUEL, the coins are locked up for a certain period and contribute to the management of the network. You can earn rewards for staking their TFUEL, which are distributed based on their network. The rewards depend on the amount of TFUEL staked and the duration of the staking period.
What is the all-time high price of Theta Fuel (TFUEL)?
The all-time high price of Theta Fuel (TFUEL) is $0.68071. The current price of TFUEL is down 89.62% from its all-time high.
What is the all-time low price of Theta Fuel (TFUEL)?
The all-time low price of Theta Fuel (TFUEL) is $0.00088. The current price of TFUEL is up 7,840.67% from its all-time low.
How much Theta Fuel (TFUEL) is there in circulation?
As of 12 25, 2024, there is currently 6.79B TFUEL in circulation. TFUEL has a maximum supply of --.
What is the market cap of Theta Fuel (TFUEL)?
The current market cap of TFUEL is $480.24M. It is calculated by multiplying the current supply of TFUEL by its real-time market price of $480.24M.
How do I store Theta Fuel (TFUEL)?
You can securely store your Theta Fuel in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your TFUEL include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.
How do I convert XRP (XRP) to cash?
You can instantly exchange your XRP (XRP) for cash using KuCoin's Fast Trade feature. This feature enables you to convert XRP to your local fiat currency in just a few clicks. However, make sure to complete Identity Verification first to enjoy all the features you may need.