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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.
29 Aug 2021 1 minute read 2 comments Chrono85
The world of NFTs has taken off like fire again, with CryptoPunks and BoardApes taking over social media and selling for 6 & 7+ figures, and new projects popping up and selling out within hours. While the popularity of NFTs has been quite a rollercoa...
27 Aug 2021 1 minute read 3 comments Keith Thuerk
Theta - Unstaked additional 15M Theta from its validators Theta is taking aggressive action to prepare for a very bright future. By de-staking roughly 8% (15M Theta tokens) from their validators, a huge win as this action they are further decentral...
26 Aug 2021 1 minute read 0 comments Keith Thuerk
Theta Hackathon with $1M in Prizes Theta does everything BIG, they just announced one of the largest Blockchain Hackathon events ever. I assume everyone here is fully aware of what a Hackathon event if not read on. If you are skip ahead to the next...
20 Aug 2021 2 minute read 13 comments TrocProcLock
I know Bitcoin is the grand-daddy of all Bitcoin. I respect it for that. I know one day Bitcoin will turn into like the Gold standard of crypto. There will be other cryptos that are used as payment tokens and such but not Bitcoin. I am not saying I d...
8 Aug 2021 1 minute read 0 comments Keith Thuerk
Theta Updates keep rolling in and advancing the Best blockchain Even after the Theta Price has taken a huge beating I still believe it has the utility to really make a difference in ALL our futures. A few of the recent updates from Theta 1) Theta B...
1 Aug 2021 4 minute read 3 comments SwapSpace
Theta Fuel Fundamental Analysis Theta Fuel (TFUEL) is an ERC-20 utility token powering Theta Network, a blockchain-based decentralized video streaming and delivery service developed by Theta Labs. TFUEL is one of the two tokens native to this networ...
17 Jul 2021 6 minute read 33 comments Thomas Wolf
The Theta Network is bridging the gap between blockchain technology and video content creation to heights never seen by any competing project until now, with Web 3.0 and decentralized finance paving the way for digital and economic freedom.The Theta...
9 Jul 2021 3 minute read 8 comments StealthEX
If you are wondering what TFUEL coin is, you have come to the right place. This article will also tell you how Theta Fuel is used, and how to get TFUEL coin, by the way, the best choice is StealthEX. All this and much more in our new article. So let’...
30 Jun 2021 1 minute read 1 comment Tomadachi
Singer Katy Perry has just announced to her 108 million followers on Twitter that she is launching her first ever non-fungible tokens on the Theta Network. Later today, Theta will release their mainnet 3.0 which will introduce TFuel staking for hold...
30 Jun 2021 2 minute read 0 comments Keith Thuerk
Theta Mainnet 3.0 goes live today June 30th 2021 Theta has been releasing lots of incremental improvements to lay the groundwork for their Mainnet 3.0 launch. In reality, 13-months to bring major advancements sounds reasonable to me. Theta has been...
