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24h Spot Volume$ 42.13B-18%
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Theta Fuel

Theta Fuel TFUEL Price $ 0.0819

Rank: 143

593 Watchlists

Chain

TFUEL Price

0.0819
6.31%
(-$ 0.00552)
Price Range
LowHigh
    $ 0.0819$ 0.0879

    General Info

    Explorers:

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    Tags (Sub-Categories):

    #Coin

    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

    leaderboard

    Market Cap

    $ 537.96M

    Fully diluted value

    FDV

    $ 537.96M

    ATH Market Cap

    $ 3.64B

    24 Trade Vol.

    $ 2.21M


    Vol. (24h) / MCap

    0.00411

    Total Supply

    TFUEL 6,579,947,727

    Circulating Supply

    TFUEL 6.58B

    (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

    88.1%

    From ATL

    9,102%

    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 $ 0.0819, it has dropped -6.31% over the past 24 hours.

    Theta Fuel's All Time High (ATH) of $ 0.687 was reached on 9 Jun 2021, and is currently -88.1% down.

    The current circulating supply of Theta Fuel is 6.58 Billions coins, and the maximum supply of TFUEL is unlimited.

    Theta Fuel’s 24 hour trading volume is $ 2.20 Million.

    Theta Fuel (TFUEL) operates on its own blockchain.

    Theta Fuel's current share of the entire cryptocurrency market is 0.02%, with a market capitalization of $ 538.94 Million.

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

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