Theta Fuel (TFUEL)

The exchange rate of one TFUEL at 05:34 UTC is 0.10335$

Chart | Average rate

“Theta Fuel” (TFUEL) is the working token (i.e. “gas”) of the Theta protocol.

Theta is a decentralized, user-managed video delivery network running on a dedicated blockchain (Theta Network). Its value lies in reducing the cost of content delivery networks. This is achieved by creating a shared content network.

The crypto-economy of the network is a two-token model with THETA and TFUEL:

- THETA is the governance token of the Theta protocol: it is used for staking as Validator or Guardian nodes, for creating blocks, and for participating in the governance of the protocol.

- TFUEL is the operational token of the Theta protocol: it is used to complete transactions such as deploying or interacting with smart contracts. If, for example, the relay node provides the other party with a video stream, it can earn TFUEL, which can later be spent on the video platform for premium content, subscriptions, etc.

If, for example, the relay node provides the other party with a video stream, it can earn TFUEL, which can later 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 5 million out of a total 500 million staked THETA, it will earn 1% of the new TFUEL generated each block.

The project was founded by Mitch Liu, founder of several successful startups and an MBA from Stanford, and Jieyi Long, Ph.D. in computer engineering at Northwestern University.

Theta's goal was to create the first decentralized video streaming and delivery network, in which viewers would have an incentive to share excess computing resources and bandwidth to solve modern video streaming tasks, to create such a "World Cache" formed from memory resources and bandwidth provided by viewers.

Viewers are rewarded for participating in the network by sharing excess bandwidth and resources. Tokens act as an incentive mechanism as they provide video streams to other users. Theta token not only incentivizes viewers to join the network as caching nodes, but also greatly improves the efficiency of the streaming market by streamlining the video delivery process. On Theta network, advertisers can also directly target viewers at a lower cost, viewers receive Theta tokens for their attention and interaction with their favorite content, and celebrities receive Theta tokens as gifts directly from viewers.