Exploring Theta Fuel (TFUEL): A Comprehensive Project Review
Theta Fuel (TFUEL) is the native token of the Theta blockchain, facilitating microtransactions. Asset is designed specifically for operations within the network.
TFUEL is the secondary token of the Theta blockchain, succeeding THETA. According to CoinGecko, TFUEL stands 140th in the cryptocurrency project rankings, boasting a market capitalization of $250 million.
In this article, we delve into the primary characteristics of Theta Fuel, discuss where to buy TFUEL tokens, and examine the project's potential.
Differences between Theta (THETA) and Theta Fuel (TFUEL)
THETA and TFUEL are distinct cryptocurrencies used within the Theta Network blockchain. THETA is the main cryptocurrency of the network, responsible for ensuring the seamless operation of the blockchain and incentivizing users to stream their own content (like videos, podcasts, games, movies, and series) on the Theta Network. An in-depth explanation of the THETA token and its operations can be found in this article.
TFUEL is utilized to sustain the network and cover transaction fees. Users sharing their computing power for data processing also receive TFUEL as a reward. A substantial share of Theta Fuel tokens goes to the Theta Network validators who stake the requisite amount of THETA cryptocurrency.
TFUEL characteristics
At the time of writing this article, the Theta Fuel coin exhibits the following characteristics:
- Asset price – $0.043$
- Market capitalization – $250 million;
- Circulating supply – 6 136 187 910;
- Maximum supply – 6 136 187 910;
- Average daily trading volume – $2.5 million;
- All-time high – $0.59;
- All-time low – $0,0008;
- Amount of coins staked – 38.85%.
Around 9000 nodes operate within the Theta Network, handling transactions and mining TFUEL tokens.
The future of Theta Fuel cryptocurrency is directly linked to the development success of the Theta Network blockchain. As more people start using the company's products, the native tokens, THETA and TFUEL, are likely to gain popularity.
TFUEL coin price fluctuations. Source:CoinGecko.com
Where to buy Theta Fuel
The Theta Fuel token is traded on several centralized cryptocurrency exchanges, including Upbit, Gate, KuCoin, Hotbit, Crypto.com, and more. A full list of trading platforms can be found on CoinGecko and CoinMarketCap under the "Markets" section.
Platforms trading Theta Fuel coin. Source: CoinMarketCap.com
Interesting Facts
- The asset effectively powers transactions and the movement of coins within the network, thereby earning the title of "fuel" for the Theta blockchain;
- In February 2021, the Theta Network announced a partnership with the blockchain gaming platform, World Poker Tour, to stream poker tournaments on the Theta network and reward users with TFUEL;
- In April 2021, TFUEL ranked among the top thirty cryptocurrency assets by market capitalization;
From March 2020 to June 2021, Theta Fuel (TFUEL) experienced a remarkable price surge of 85,000%.
