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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.
15 Dec 2020 1 minute read 1 comment Mamaecrypto
If you read my blog regularly you probably know that for the past few months I have been dipping my toes into the Theta. tv platform. After getting a feel for the community, getting familiar with its interface, and comparing the platform with others;...
3 Dec 2020 1 minute read 2 comments Galaxie Crypto
Bitcoin opened the road to decentralization. What was thought to be a road was actually a highway. Indeed, the potential of decentralization is not limited to currencies. It affects many sectors. Today, I am talking about a project that is on the ris...
3 Dec 2020 1 minute read 4 comments Keith Thuerk
Theta Guardian Node requirements LOWERED now on 1000 Theta! Today Theta rocked the Crypto world by lowering the requirement for a Theta Guardian Node from 10,000 Tokens to only 1,000 Tokens. So, if you were locked out of having your own Theta Guar...
3 Dec 2020 1 minute read 2 comments Cryptospacepro
By watching and using the THETA platform, you will be earning a cryptocurrency called TFuel for free!https://www.theta.tv You earn TFuel for every minute you watch streams on THETA.tv that are powered by the THETA Network. As you watch the stream/s,...
26 Nov 2020 1 minute read 0 comments Keith Thuerk
Theta - Edgecast Ground Breaking Client Yesterday Theta released the worlds first decentralized streaming DApp for end-to-end live streaming, transcoding, caching and video delivery built 100% on Theta Blockchain. That's a mouthful so lets break t...
19 Nov 2020 1 minute read 3 comments Keith Thuerk
Theta - Edge Node intro's new feature - Folding@home to help fight CV-19 Earlier today I noticed my Theta Edge node had rebooted. So, when it came back online I checked out the GUI as it looked different. Sure enough a new panel was added to client...
4 Nov 2020 1 minute read 1 comment Mamaecrypto
Claiming Daily Rewards on both Lbry.tv and Theta.tv is a fun part of my day. While on Lbry we accumulate LBC tokens daily on Theta.tv we get to receive a fun array of prizes that range from fun emojis, stream boosts, theta crates filled with prizes,...
13 Oct 2020 1 minute read 0 comments Simplify Crypto
What is Theta Edge Node? Theta Edge Node is a Node from Theta Network where you are able to relay video strems and earn TFuel. Feedback I started to use this node more a less 7 months ago and I earned 1444 TFuel (currently it is 0,00129762). Since, I...
6 Oct 2020 2 minute read 1 comment 0xJonnyDee
The Theta Network (THETA) token price broke out and reached a new all-time high on Sept 24. The price has yet to show any clear signs of weakness and has allowed THETA to climb up another level. THETA All-Time High On Sept 24, THETA broke out f...
5 Oct 2020 3 minute read 1 comment Poorboycrypto
If you follow this blog, you'll know it's centered around ways to earn Crypto for free or it the least, at a small cost. I try to showcase a wide variety of ways to accomplish this, because we are all different and each of us have different views and...
