Theta Fuel Reaches One Day Trading Volume of $9.23 Million (TFUEL)

Theta Fuel (TFUEL) traded up 4.5% against the US dollar during the one day period ending at 21:00 PM ET on September 22nd. One Theta Fuel coin can now be bought for about $0.0582 or 0.00000302 BTC on popular exchanges. During the last seven days, Theta Fuel has traded down 1.2% against the US dollar. Theta Fuel has a total market capitalization of $327.37 million and $9.23 million worth of Theta Fuel was traded on exchanges in the last 24 hours.

Here is how other cryptocurrencies have performed during the last 24 hours:

  • Avalanche (AVAX) traded up 5.4% against the dollar and now trades at $17.61 or 0.00091267 BTC.
  • Cosmos (ATOM) traded 4.7% higher against the dollar and now trades at $14.73 or 0.00076341 BTC.
  • Cronos (CRO) traded 4.9% higher against the dollar and now trades at $0.11 or 0.00000565 BTC.
  • NEAR Protocol (NEAR) traded up 3.1% against the dollar and now trades at $3.86 or 0.00019958 BTC.
  • Internet Computer (ICP) traded 2.2% higher against the dollar and now trades at $6.08 or 0.00031505 BTC.
  • Algorand (ALGO) traded 17.9% higher against the dollar and now trades at $0.37 or 0.00001914 BTC.
  • Hedera (HBAR) traded up 3.8% against the dollar and now trades at $0.0600 or 0.00000310 BTC.
  • Moonbeam (GLMR) traded up 2.7% against the dollar and now trades at $0.47 or 0.00002427 BTC.
  • Kava (KAVA) traded up 5.3% against the dollar and now trades at $1.55 or 0.00008054 BTC.
  • OMG Network (OMG) traded up 4.9% against the dollar and now trades at $1.76 or 0.00009106 BTC.

About Theta Fuel

Theta Fuel uses the hashing algorithm. It was first traded on March 15th, 2019. Theta Fuel’s total supply is 5,625,824,000 coins. The official message board for Theta Fuel 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 /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.”

Theta Fuel Coin Trading

It is usually not presently possible to purchase alternative cryptocurrencies such as Theta Fuel directly using US dollars. Investors seeking to acquire Theta Fuel should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Theta Fuel using one of the aforementioned exchanges.

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