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Theta Fuel

Theta Fuel TFUEL Price $ 0.104

Rank: 122

574 Watchlists

Chain

TFUEL Price

0.104
4.59%
(-$ 0.00501)
Price Range
LowHigh
$ 0.103$ 0.111

General Info

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Tags (Sub-Categories):

#Coin

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Description

Theta Fuel is the operational token of the Theta protocol.

Theta Fuel (TFUEL) Chart

Theta Fuel price Index provides the latest TFUEL price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.

TFUEL to USD Converter

Theta Fuel (TFUEL)TFUEL

TFUEL Price Statistics

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Market Cap

$ 684.60M

Fully diluted value

FDV

$ 684.63M

ATH Market Cap

$ 3.64B

24 Trade Vol.

$ 4.71M


Vol. (24h) / MCap

0.00688

Total Supply

TFUEL 6,552,477,192

Circulating Supply

TFUEL 6.55B

(100% of Total Supply)

Listing Date

20 Mar 2019

All Time High

$ 0.687

9 Jun 2021


All Time Low

$ 0.000888

13 Mar 2020


From ATH

84.8%

From ATL

11,660%

What is Theta Fuel (TFUEL)?

The Theta protocol has two native tokens, the Theta Token (THETA) and also Theta Fuel (TFUEL). Theta Fuel is the operational token of the Theta protocol, as such, it powers on-chain operations, as well as the governance of the protocol. 

Theta Fuel was created in 2017 as an extension to the Theta Ecosystem, which functions as a decentralized peer-to-peer network that aims to offer improved video and data delivery at lower costs than currently available.

What are Theta Fuel’s key features and how does it work?

As an extension to the entire Theta Ecosystem, Theta Fuel powers all on-chain transactions. This includes transactions for payments to relayers for sharing a video stream, for deploying and interacting with smart contracts. As well as paying for the fees that are associated with transacting NFTs and DeFi applications.

Additionally, it also serves as an incentive to ecosystem users to share their unused computing power and bandwidth resources to become network nodes for video streams and data delivery. This works by rewarding users that stake THETA, and run a node, with a proportional amount of the new TFUEL that is generated. 

What is noteworthy about Theta Fuel?

Deploying two tokens on a network generally comes with benefits. As the second token of the Theta protocol, TFUEL comes with several advantages.

  • Firstly, having two native tokens means that utility and purpose can be separated. Where THETA’s purpose remains for staking and securing the network. TFUEL is used for microtransactions and all operations of the network. This is notable since the staking of a token results in a decreased circulating supply. However, due to the specific nature of the Theta network, where it is planned to facilitate millions of daily transactions, a high supply is desirable.
  • Secondly, having two tokens improves the overall security of the network. This is because staking and operations can be split between the two tokens. A token used for operations must be liquid to facilitate the numerous amount of transactions. However, if this same token is also used for staking, a potential threat could be introduced if an actor were to acquire a significant amount of the staking token. 

Where can you buy Theta Fuel?

Theta Fuel (TFUEL) can be bought from the CEXs:

  • Binance;
  • Gate.io;
  • Crypto.com;
  • Bithumb;
  • Bitmart.

Theta Fuel Price Today

Theta Fuel's current price is $ 0.104, it has dropped -4.59% over the past 24 hours.

Theta Fuel's All Time High (ATH) of $ 0.687 was reached on 9 Jun 2021, and is currently -84.8% down.

The current circulating supply of Theta Fuel is 6.55 Billions coins, and the maximum supply of TFUEL is unlimited.

Theta Fuel’s 24 hour trading volume is $ 4.71 Million.

Theta Fuel (TFUEL) operates on its own blockchain.

Theta Fuel's current share of the entire cryptocurrency market is 0.03%, with a market capitalization of $ 682.69 Million.

You can find more details about Theta Fuel on its official website and on the block explorer.

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