Theta Fuel (TFUEL) One Day Trading Volume Hits $2.34 Million

Theta Fuel (TFUEL) traded down 2.5% against the U.S. dollar during the one day period ending at 8:00 AM Eastern on March 29th. One Theta Fuel coin can currently be bought for about $0.0112 or 0.00000017 BTC on popular exchanges. Theta Fuel has a total market cap of $81.80 million and approximately $2.34 million worth of Theta Fuel was traded on exchanges in the last day. During the last seven days, Theta Fuel has traded down 7.3% against the U.S. dollar.

Here is how related cryptocurrencies have performed during the last day:

• Cronos (CRO) traded 1.9% lower against the dollar and now trades at $0.0705 or 0.00000106 BTC.
• Hedera (HBAR) traded 0.7% lower against the dollar and now trades at $0.0894 or 0.00000134 BTC.
• Avalanche (AVAX) traded 1% lower against the dollar and now trades at $8.71 or 0.00013055 BTC.
• NEAR Protocol (NEAR) traded down 0.4% against the dollar and now trades at $1.16 or 0.00001741 BTC.
• Internet Computer (ICP) traded down 1.2% against the dollar and now trades at $2.22 or 0.00003334 BTC.
• Cosmos (ATOM) traded 1.6% lower against the dollar and now trades at $1.65 or 0.00002472 BTC.
• Algorand (ALGO) traded 1.1% lower against the dollar and now trades at $0.0812 or 0.00000122 BTC.
• Fetch.ai (FET) traded 3.5% higher against the dollar and now trades at $0.24 or 0.00000364 BTC.
• Akash Network (AKT) traded down 2.8% against the dollar and now trades at $0.48 or 0.00000726 BTC.
• PayProtocol Paycoin (PCI) traded 4.4% higher against the dollar and now trades at $0.0468 or 0.00000070 BTC.

Theta Fuel Coin Profile

Theta Fuel (TFUEL) uses the hashing algorithm. It was first traded on March 15th, 2019. Theta Fuel’s total supply is 7,277,537,023 coins. 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 Twitter account is @theta_network and its Facebook page is accessible here. The official message board for Theta Fuel 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 revenuesTheta 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, 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. Telegram, Discord, Facebook, GitHub, RedditWhitepaper”

Buying and Selling Theta Fuel

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

TFUEL/USD price chart by TradingView