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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.
30 Jun 2021 4 minute read 0 comments Vendata
Theta Mainnet 3.0, its main goal quoted as 'introducing TFuel Staking & Uptime Mining,' is set to launch in coming hours as its native tokens Theta Network (THETA) and Theta Fuel (TFUEL) drop. Brief Analysis THETA over the past year has had a similar...
28 Jun 2021 1 minute read 2 comments TrocProcLock
The Theta network is by far one the few great blockchains ever created. I am not going to get into why and how but you can go back through all my Theta articles and see for yourself! The Theta blockchain as a whole has a side meme that has officially...
24 Jun 2021 3 minute read 1 comment TrocProcLock
I was scrolling through Reddit last night when I came across this gem. And to be honest at first I was just like "oh okay they got another patent cool". But it wasn't until I found out what it did that I realized how much of a game changer it is. On...
24 Jun 2021 1 minute read 1 comment Keith Thuerk
Theta Awarded US Patent for DRM of NFT's Theta scored another US Patent this one is for DRM (Digital Rights Management) for NFT's in a decentralized network! Why is this important? The new patent opens the flood gates for global content brands to s...
23 Jun 2021 2 minute read 0 comments moon333
Hey dear friends, hope you are well, and welcome to the new update on Theta and Tfuel coins. Release of Mainnet 3.0: only 7 days are left in the release of Theta Mainnet 3.0 and we have already seen that Tfuel has broken out the resistance and ral...
17 Jun 2021 1 minute read 0 comments Keith Thuerk
Theta Adds 9th Enterprise Validator Node - DHVC Who are they? Theta added DHVC as their 9th Enterprise validator. DHVC is a Venture Capital Firm based out of Palo Alto, California and has an office in Shanghai, China. DHVC participated in Series...
15 Jun 2021 3 minute read 7 comments paragism
Theta Network is a next-generation video delivery network. The blockchain of Theta is the only available end-to-end infrastructure for decentralized video streaming and delivery. Theta was purpose-built for video and data relaying and the mainnet was...
12 Jun 2021 2 minute read 1 comment moon333
Hey friends, hope you are well, and welcome to the new update on Theta and tfuel. Theta Mainnet 3.0: As we know that we have a significant event on the 30th of June that is the release of Theta mainnet 3.0, therefore, the price action of Tfuel is al...
9 Jun 2021 3 minute read 13 comments TrocProcLock
I have written many posts on TFUEL and the Theta Network. I am not looking to write another article on why you all should have some TFUEL or THETA in your portfolio. What I do want to write about though is that I was right in you should have TFUEL in...
9 Jun 2021 1 minute read 2 comments Kavi
In 2020,March I bought Theta coin in just $0.30 and hold for next 3 months but i could not find anything interesting about the project and sold all 11000 Theta at $0.40. It was my big mistake and i am still feel bad about it because my research abou...
