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....

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9 Jul 2022 1 minute read 0 comments Keith Thuerk

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3 Jun 2022 2 minute read 1 comment Keith Thuerk

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6 May 2022 1 minute read 0 comments Keith Thuerk

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20 Apr 2022 1 minute read 0 comments Keith Thuerk

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15 Apr 2022 2 minute read 0 comments Keith Thuerk

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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...

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23 Mar 2022 7 minute read 0 comments ChangeNOW

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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: https://www.patreon.com/moon333   In order to play and watch the current performance of the chart you need at least a...