Theta Fuel (TFUEL)

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Theta Fuel (TFUEL) is a cryptocurrency made by Mitch Liu and Jieyi Long in 2019. It is the second token (gas token) of the Theta protocol and is used in conjunction with the Theta (THETA) token.

While the THETA token is used for governance of the Theta protocol and staking as a Validator or Guardian node, Theta Fuel (TFUEL) is the operational token of the Theta protocol. In fact, Theta Fuel has even more utility than Theta’s primary token. TFUEL powers on-chain operations like payments to relayers for streaming video, or for deploying/interacting with smart contracts. Users earn TFUEL for relaying video streams to other users on the network and viewers can earn TFUEL as a direct reward just for participating in the network. 

Theta Fuel was only launched in March 2019 when the Theta mainnet went live. During its launch, for each Theta token that was held by users/investors, they received 5 Theta Fuel to seed the ecosystem. A total of 5,000,000,000 TFUEL was distributed to Theta token holders (5 for each of the 1 billion Theta Tokens). Now, the supply is set to increase at an initial annual target rate of 5% with the new annual rates being determined at the protocol level. 

A common question among the crypto community is why did Theta introduce a secondary currency (TFUEL) at all? According to the Theta team, the primary reason is to separate the staking/governance and operations/transactions usage of the token. Theta’s two token model also reportedly enhances the protocols security.

Theta Blockchain Update – July 12th, 2022

12 Jul 2022 1 minute read 4 comments TrocProcLock

I am starting this series of updates on the Theta Blockchain. I am been a fan boy of this amazing blockchain for years now and I wanted to share that with all of you and keep you up to date on any news or updates with Theta Labs Inc. Theta: $1.14  (A...

Theta Blockchain follow up - What's New with Theta?

11 Jul 2022 3 minute read 3 comments TrocProcLock

On July 7th the Theta team released a new article about changes that have occurred to the Node software and to the blockchain as a whole. What are those changes? Well now Edge Nodes can earn TFUEL for encoding and transcoding Theta Video API videos....

Theta Edge Node Updates

9 Jul 2022 1 minute read 0 comments Keith Thuerk

Theta Edge Node Updates   In the event that you missed it Theta has been rolling out auto-updates to Edge node Client software. For example, on Thursday of this week my Edge node was updated from V3.2.2 to V3.3.12. What has Theta added? Theta Video A...

Theta TDROP On-chain Governance launched - bringing more decentralization

3 Jun 2022 2 minute read 1 comment Keith Thuerk

Two days ago Theta released TDROP On-chain Governance, paving the way for decentralized governance of Theta blockchain. Let's review what it is and how it functions.    What is TDROP Governance? A critical component of Theta Mainnet 4.0 due in Q422....

Sony and Theta Labs Launch 3D NFTs

6 May 2022 1 minute read 0 comments Keith Thuerk

Sony and Theta Labs Launch 3D NFTs   Sony has been a Theta Network Media and Technology partner for years. And recently announced they will be working together to bring you NFT's that are so life like you will think you can touch them!! NFT's are mos...

BridgeTower Capital Now Runs Enterprise Validator Node on Theta Network

20 Apr 2022 1 minute read 0 comments Keith Thuerk

BridgeTower Capital Now Runs Enterprise Validator Node on Theta Network   Recently Theta decreased the Staked Theta to 200,000 tokens opening their critical high level validation level nodes the Enterprise Validator Nodes (EVN) How many Enterprise Va...

American Idol NFT's - coming next week on Theta TDROP

15 Apr 2022 2 minute read 0 comments Keith Thuerk

American Idol NFT's - coming next week on Theta TDROP Hello Theta Fans, Its not secret that Theta is building TDROP into a Hollywood Powerhouse. Nor is it a secret that more American's vote for Idol contestants than in mid-term of Presidential electi...

Theta Mainnet 4.0 Theta Metachain - Q422

14 Apr 2022 1 minute read 0 comments Keith Thuerk

Theta Mainnet 4.0 Theta Metachain - Q422 Why  - Theta has designed its next major upgrade to meet the needs of Web3 and allow permissionless horizontal scaling of the Theta blockchain network. What - Theta's 4.0 Mainnet release will be called "Theta...

What Is Theta? THETA Review 2022

23 Mar 2022 7 minute read 0 comments ChangeNOW

Streaming and video sharing platforms represent a big share of internet traffic. However, corporations and services like YouTube are those who take most of the profits — but not the content makers who are actually behind the streaming services’ growt...

Theta Coin No One Can Imagine How Massive Rally Will Begin After Breaking Out This Huge Pennant

9 Mar 2022 1 minute read 0 comments moon333

  If you like the video then don't forget to upvote/tip and share, thanks   You can also support my work at Patreon for more ideas:   In order to play and watch the current performance of the chart you need at least a...