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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.
25 May 2020 1 minute read 11 comments Jakonfire
How to set up Theta Edge Node - Share your Bandwidth and earn TFuel Theta and Tfuel are pumping the last days and I saw a lot of crypto interested people asking how to contribute to this evolution. So today I present you an easy Way to earn Tfuel w...
25 May 2020 4 minute read 9 comments moon333
Why traders are interested in Theta and the launch of mainnet 2.0: Hi friend hope you are doing good. Today I want to talk about Thetafuel coin that is the native token of Theta blockchain. If we visit their website then we can see that only 2 days a...
25 May 2020 1 minute read 2 comments MichaelMS
TFuel has COMPLETELY exploded. It makes no sense HOW BIG it has gotten. TFuel is a GAS token for the Theta network. It is earned by watching live streams on Theta.tv by sharing your bandwidth with other viewers. It is also earned by caching streams o...
24 May 2020 4 minute read 5 comments poopster
So recently there have been a lot of developments with the Theta network and the price has begun to soar. Tfuel, the secondary token that the network mainly uses for gas fees, was lagging Theta token at first but is now starting to catch up. On Feb...
21 May 2020 9 minute read 18 comments MuyAsk
Hey guys :) I’m back with another comprehensive Q&A piece, this time for the popular decentralized streaming network, platform, and token – Theta (THETA). Theta is a next-generation video delivering platform powered by a decentralized peer-to-peer bl...
26 Apr 2020 5 minute read 72 comments Scott Cunningham
I recently shared why I don’t recommend the Theta network or using their platforms. Many Theta enthusiasts were understandably upset. I wanted to make sure I corrected a few things, but if you can’t withdraw your tokens as a regular user I would stay...
14 Feb 2020 6 minute read 42 comments TrocProcLock
Preface: I thought getting into Theta was going to be a simple quick guide but this has turned out to be more complex then I initially thought. Also I have made Beginner's Guides to Cosmos(ATOM) and LOKI so check those out if you are interested. So...
12 Feb 2020 3 minute read 35 comments poopster
About this time last year i ran across what looked like a pretty cool video game streaming platform called Theta.tv. I found a couple streamers i enjoyed watching and i was hooked. What i didn't know was that Theta was not only a streaming platform b...
19 Jan 2020 11 minute read 30 comments Cryptodeepdive
The days of only being able to watch whatever is programmed onto one of the mere three available tv-stations have been reduced to a thing of the past. While commercial broadcasters are spinning their heads trying to figure out how to hold onto whatev...
8 Jan 2020 4 minute read 234 comments TrocProcLock
A little history on what TFUEL is. Theta is the governance token of the Theta Protocol. TFUEL is the operational token of the Theta Protocol. TFUEL was created on March 15th, 2019 when Theta entered mainnet. Right now there are 2 ways to earn TFUEL....
