What is Theta Fuel (TFUEL) Coin
Theta Fuel (TFUEL) is one of the two native tokens on the Theta blockchain. TFUEL should not be mistaken for Theta Token (THETA), which is the governance token of the Theta blockchain supported by thousands of community-run Guardian nodes and its Enterprise validators including Google, Binance, Blockchain ventures, Gumi and Samsung.
TFUEL is the second token on the Theta blockchain that serves as the utility token in decentralized video and data delivery, it also acts as a gas token. This means that it is used to power all operations on the Theta blockchain, like payments to relayers for sharing a video stream, for deploying and interacting with smart contracts, and as fees associated with transacting NTFs and DeFi applications.
In addition, it is also used to incentivize users in the ecosystem who share their redundant computing power as Edge Compute nodes as well as bandwidth resources as Edge Caching nodes for video streams and other data.
- Theta Fuel (TFUEL) is the operational token (i.e., “gas”) of the Theta protocol. It is used to complete transactions, such as deploying or interacting with smart contracts. If, for example, a relay node provides another party with a video stream it may earn TFUEL, which can subsequently be spent on the video platform for premium content, subscriptions, etc.
- According to the Theta team, the average transaction fee could be as low as 10-6 TFUEL. The supply of TFUEL token is set at a protocol level and is initially targeted to have an annual inflation of 5%.
- Next to relayers, Validator and Guardian nodes may also earn TFUEL as block rewards. The new TFUEL are subsequently distributed on a stake-weighted basis. For instance, if a node stakes 5MM out of a total 500MM staked THETA, it will earn 1% of the new TFUEL generated each block.
How To Buy Theta Fuel (TFUEL) Coin
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How Much is a Theta Fuel (TFUEL) Coin
Theta Fuel (TFUEL) coin prices are updated instantly in USD, Euro, Sterling currencies in the following table.
Theta Fuel (TFUEL) Coin Review
You can learn more about Theta Fuel (TFUEL) coin reviews and information on cryptocurrencies by visiting their official page available in the following.
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