Where to Buy Theta Fuel (TFUEL) Coin

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

1.Step: Everyone who is planning to invest in or benefit from the advantages of cryptocurrencies wonders the answer to Where to buy Tfuel coin question. First, you need an online wallet to buy cryptocurrencies. You need to sign up to Binance exchange from here, which is preferred globally to buy coins and you can buy coins with fiat currencies. You can quickly access many assets and trade types such as altcoins, future markets, and margin by creating a Binance account.

2.Step: Complete your registration by typing an email to the email section or typing your phone number on the section available on the mobile tab. Click/tap on the “Buy Crypto with Your Credit Card” option after the registration and verify your identity.

3.Step: Continue the process by typing the amount you would like to invest and your preferred cryptocurrency. Keep in mind that for security reasons, your credit card/debit cardholder information must match with the name available on your account. If you would like to buy cryptocurrencies with a wire transfer, you need to follow the Buy Crypto > Third-Party Payment options to pick your preferred fiat currency to buy cryptocurrencies.

4.Step: If the cryptocurrency you are planning to buy is not available on the list, buy USDT “You can always redeem 1 USDT Coin for US $1.00”. You can buy any coin you want with USDT by following Buy-Sell > Classic steps. We have provided the answer to How to buy Theta Fuel coin, now you can view the cryptocurrencies you bought by clicking on the wallet summary available on your Binance account. You can sell your assets when their value increases, or you can withdraw them to your bank account in desired fiat currency.

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.

$ 0.105821
theta-fuel
Theta Fuel (TFUEL)
1h1.24%
24h1.95%
USD
EUR
GBP

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.

Website
https://www.thetatoken.org/
Github
https://github.com/thetatoken
Medium
https://medium.com/theta-network
Documentation
https://docs.thetatoken.org/
Community
https://tezos.com/community
Telegram
https://t.me/thetanetwork
Discord
https://discord.gg/nC8mCkgEmV