Buy Theta Fuel (TFUEL)
What is Theta Fuel?
Theta Fuel (TFUEL) is the operational token of the Theta decentralized network, serving as the "gas" for on-chain operations such as payments to relay nodes for sharing video streams and deploying or interacting with smart contracts.
How does Theta Fuel work?
Theta Fuel operates on the Theta blockchain, a decentralized network designed specifically for video, AI, and entertainment applications. It functions using a Proof-of-Stake consensus mechanism, allowing users to participate in network operations and earn TFUEL by providing computational resources for video streaming and data delivery. TFUEL acts as the utility token for on-chain operations, including interactions with smart contracts and paying for gas fees.
What are the potential use cases for Theta Fuel?
Theta Fuel has a variety of potential use cases within the Theta ecosystem:
- Decentralized Video Streaming: TFUEL is used as a form of payment for bandwidth and resources in video streaming, rewarding users who support the network.
- Micropayments: Enables micropayments for content creators, facilitating transactions within decentralized applications.
- Smart Contracts and NFTs: Used to pay for gas fees associated with smart contract executions and NFT transactions on the Theta network.
- Edge Computing: Incentivizes users to share computing resources and bandwidth, optimizing network efficiency.
What is the history of Theta Fuel?
Theta Fuel was launched in March 2019 as part of the Theta network's mainnet. It was co-founded by Mitch Liu and Jieyi Long, with its ICO occurring in 2018, initially on the Ethereum blockchain before transitioning to its own blockchain. Major updates include the introduction of Mainnet 2.0 and 3.0, enhancing the network's capabilities through improvements like EdgeCast technology and NFT integration. TFUEL's presence has been cemented with listings on major exchanges, contributing to its significant market presence and utility within decentralized video streaming and other blockchain-based applications.
Related Assets
Resources
Learn More About Theta Fuel
Frequently Asked Questions (FAQs)
What is the current price of Theta Fuel (TFUEL)?
The Theta Fuel price is $0.10740363 AUD, representing a +11.62% from the day prior.
Where is the best place to buy Theta Fuel (TFUEL) in Australia?
The best place to buy Theta Fuel (TFUEL) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Theta Fuel (TFUEL) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Theta Fuel (TFUEL)?
The trading volume of Theta Fuel (TFUEL) is $12.1M AUD in the last 24hrs, representing a +11.62% from the day prior.
How can I buy Theta Fuel (TFUEL)?
Theta Fuel (TFUEL) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Theta Fuel (TFUEL)?
The current market cap of Theta Fuel (TFUEL) is $733.4M AUD.
Can I convert Theta Fuel (TFUEL) to cash?
Yes - With Coinstash you can convert your Theta Fuel (TFUEL) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Theta Fuel (TFUEL) are there?
The current circulating supply of Theta Fuel (TFUEL) is 6.8B.
Is Coinstash a safe place to buy Theta Fuel (TFUEL) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Theta Fuel (TFUEL) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.