What is Theta Fuel (TFUEL)?
Theta Fuel (TFUEL) is the operation token of the Theta blockchain platform, which acts as a gas token. TFUEL is used to process transactions on Theta; distribute decentralized video and data; deploy and interact with smart contracts; pay transaction fees for NFTs and DeFi applications.
In addition, TFUEL is also used to incentivize users in the ecosystem as users share redundant computing power and bandwidth resources for video and other data streams.
TFUEL is one of two tokens of the Theta blockchain, besides Theta Token (THETA). Theta Token (THETA) is the governance token of the Theta blockchain, backed by thousands of validators and security partners such as Google, Binance, Blockchain joint ventures, Gumi and Samsung.
What problem does the Theta blockchain solve?
Theta blockchain solves today’s live video presentation problems:
- Low quality videos: content delivery networks have limited reach, causing videos to be cached, prolonging posting times.
- Increased data demand: users demand 4k, 8k or even higher quality video streams
- Centralized system: centralized infrastructure reduces the revenue of content creators.
Solutions of Theta blockchain
Theta blockchain provides a decentralized peer-to-peer video distribution platform operated by users, with the following features:
- Rewards paid in TFUEL: viewers are rewarded with TFUEL tokens for joining the network, sharing bandwidth and resources.
- Enhanced video quality: a decentralized peer-to-peer network efficiently provides global-scaled video streams.
- Reduced video distribution costs: video platforms save on infrastructure construction costs and gain more opportunities to innovate unique business models.
TFUEL Token Specifications
- Ticker: TFUEL
- Blockchain: Theta blockchain
- Token standard: Updating
- Total supply: 5,301,214,400 TFUEL
- Circulating Supply: 5,300,000,000 TFUEL
TFUEL token Price today
How to buy TFUEL
Theta Fuel (TFUEL) has been listed on Attlas Exchange.
Traders can easily and securely buy TFUEL with lowest fees on Attlas Exchange.
Step 1: Download the app and register an account
Step 2: Select Market on the toolbar at the main screen
Step 3: Select Spot
Step 4: Find TFUEL
Step 5: Select Buy
Summary
This article is an overview of Theta Fuel (TFUEL), not a financial advice.
Users are advised to do their own research before making any trading decisions.