Theta Fuel (TFUEL) 1-Day Trading Volume Hits $10.26 Million

Theta Fuel (TFUEL) traded 4% lower against the US dollar during the 24-hour period ending at 19:00 PM E.T. on March 18th. One Theta Fuel coin can currently be purchased for about $0.0562 or 0.00000209 BTC on major cryptocurrency exchanges. Theta Fuel has a market capitalization of $341.22 million and $10.26 million worth of Theta Fuel was traded on exchanges in the last day. Over the last seven days, Theta Fuel has traded 19.6% higher against the US dollar.

Here is how similar cryptocurrencies have performed over the last day:

• Avalanche (AVAX) traded down 3.5% against the dollar and now trades at $17.00 or 0.00063067 BTC.
• Cosmos (ATOM) traded down 7.1% against the dollar and now trades at $12.25 or 0.00045462 BTC.
• Hedera (HBAR) traded 3.9% lower against the dollar and now trades at $0.0625 or 0.00000232 BTC.
• NEAR Protocol (NEAR) traded 3.2% lower against the dollar and now trades at $2.08 or 0.00007736 BTC.
• Cronos (CRO) traded down 3.5% against the dollar and now trades at $0.0710 or 0.00000263 BTC.
• Internet Computer (ICP) traded down 5.4% against the dollar and now trades at $5.32 or 0.00019750 BTC.
• Algorand (ALGO) traded 4.4% lower against the dollar and now trades at $0.22 or 0.00000802 BTC.
• PayProtocol Paycoin (PCI) traded down 3.3% against the dollar and now trades at $0.26 or 0.00000966 BTC.
• Kava (KAVA) traded 4.3% lower against the dollar and now trades at $0.99 or 0.00003659 BTC.
• Fetch.ai (FET) traded down 6.4% against the dollar and now trades at $0.42 or 0.00001548 BTC.

Theta Fuel Profile

TFUEL uses the hashing algorithm. Its genesis date was March 15th, 2019. Theta Fuel’s total supply is 6,068,907,459 coins. Theta Fuel’s official Twitter account is @theta_network and its Facebook page is accessible here. The Reddit community for Theta Fuel is https://reddit.com/r/theta_network and the currency’s Github account can be viewed here. Theta Fuel’s official message board is medium.com/theta-network/theta-fuel-the-operational-token-of-the-theta-network-2f6823e2182e. Theta Fuel’s official website is www.thetatoken.org.

According to CryptoCompare, “The Theta Network and protocol aim to solve various challenges the video streaming industry faces today.
First, tokens on the Theta blockchain are used as an incentive to encourage individual users to share their redundant computing and bandwidth resources as caching or relay nodes for video streams. This improves the quality of stream delivery and solves the “last-mile” delivery problem, the main bottleneck for traditional content delivery pipelines, especially for high-resolution high bitrate 4k, and 8k.
Second, with sufficient network density, the majority of viewers will pull streams from peering caching nodes, allowing video platforms to significantly reduce content delivery network (CDN) costs. More importantly, by introducing tokens as an end-user incentive mechanism the Theta Network allows video platforms to deepen viewer engagement, drive incremental revenues
Theta Fuel (TFUEL) is the operational token of the Theta protocol. TFUEL is used for on-chain operations like payments to Edge Node relayers for sharing a video stream, or for deploying or interacting with smart contracts.
Relayers earn TFUEL for every video stream they relay to other users on the network. You can think of Theta Fuel as the “gas” of the protocol. There were 5 billion TFUEL at genesis of Theta blockchain, and the supply increases annually at a fixed percentage set at the protocol level. In December 2020, Theta Labs [announced Theta 3.0](https://s3.us-east-2.amazonaws.com/assets.thetatoken.org/Theta-white-paper-3-0-latest.pdf), which introduces a new crypto-economics design for TFuel, in particular, the concept of TFuel staking and burning. This will greatly expand the capacity and use cases of the network and maximize the utility value of TFuel.”

Theta Fuel Coin Trading

It is usually not presently possible to buy alternative cryptocurrencies such as Theta Fuel directly using US dollars. Investors seeking to acquire Theta Fuel should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Theta Fuel using one of the exchanges listed above.

TFUEL/USD price chart by TradingView