What is Theta Fuel Coin?
Theta Fuel is a cryptocurrency that Theta, a blockchain-based video transmission platform, is used for payment purposes. Theta project attracted the attention of many cryptocurrency investors in Korea when it received investment from the Samsung Group in 2017.
Real-time video streaming services like Twitch, Africa TV, and YouTube have two existing problems. First, inefficient centralization systems result in unfair revenue allocation policies. Second, low image quality results from bottlenecks in data transmission.
Therefore, the Theta project utilizes blockchain network technology to solve problems such as data bottlenecks and unfair profit distribution, which are the disadvantages of real-time streaming platforms. Users can share their computer resources in a P2P manner through the application of the Theta project and receive Theta Fuel in exchange for sharing.
All distribution processes are open to the blockchain through SmartContract and cannot be modified or deleted, which results in the users receiving a fair price. Ultimately, Theta claims that using shared detector resources can save more than 70% of the cost of traditional streaming methods.
Who Founded Theta Fuel?
The developer of the Theta Fuel Coin is Mitch Liu. Mitch Liu is a Chinese-American who founded Theta Labs and serves as the CEO. Liu holds a bachelor’s degree in computer science from MIT and is known for understanding technologies related to video streaming services.
Since the subsidiary of THETAtv developed Theta Fuel, which ran an E-Sport live-streaming business in the United States, experts praised its practical application terms. Liu has over 5 million viewers and subscribers.
Theta Fuel Basics
The primary characteristics of Theta Fuel are as follows.
|Cryptocurrency Features||Theta Fuel (TFUEL)|
|Publisher or Developers||Theta Labs|
|Jurisdiction of Incorporation (Registration Number)||USA|
|Published Date (CMC Registration)||2019-03-28|
|Max Supply||No limit|
Investment Suitability of Theta Fuel in 2023
The results of the Theta Fuel investment suitability evaluation conducted by Coin-Labs are as follows.
|Investment Suitability Rating Items||Scores and Current Status|
|Company Activation Rate||4.5 / 10.0 CAR|
|Communication Rate||9.2 / 10.0 CR|
|Technology Transparency Rate||4.4 / 10.0 TTR|
|Development Participation Rate||7.7 / 10.0 DPR|
|Listing Status on the Top 4 Exchanges in Korea||Listed on 2 Exchanges|
|Listing Status on the World's Top 10 Exchanges||Listed on 4 Exchanges|
|Number of Available Pairs Worldwide||50 Pairs|
|Market Cap of the Cryptocurrency||507,782,519,369 KRW (Rank #90)|
Theta Fuel Price
The price and recent trading volume of Theta Fuel are as follows. (Data of 2023-01-27 17:30:25)
|Price Items||Price and Trading Volume of Theta Fuel|
|Theta Fuel Price||84.501 KRW|
|Price Change 24h||42.00%|
|Price Change 7d||59.13%|
|Trading Volume 24h||287,681,073,578 KRW|
|Trading Volume Change 24h||1205.71%|
You can check the development status and social media information of Theta Fuel through the links in the table below.
|🌎 Official Website||https://www.thetatoken.org|
|📖 White Paper||https://s3.us-east-2.amazonaws.com/assets.thetatoken.org/Theta-white-paper-latest.pdf?v=1553657855.509|
|🛰️ Source Code (GitHub)||https://github.com/thetatoken/theta-protocol-ledger|
|🎺 Message Board||https://medium.com/theta-network/theta-fuel-the-operational-token-of-the-theta-network-2f6823e2182e|
Korean Crypto Exchanges where Theta Fuel is Listed
Korean crypto exchanges where Theta Fuel is listed in 2023 are as follows.
|Top4 Exchanges||Listed Status||Page URL|
World Crypto Exchanges where Theta Fuel is Listed
World crypto exchanges where Theta Fuel is listed in 2023 are as follows.
|Top10 Exchanges||Listed Status||Page URL|
Frequently Asked Questions
What is the current price of Theta Fuel?
Theta Fuel price today is 84.501 KRW. Furthermore, the price of Theta Fuel has fluctuated by 42.00% from 24 hours ago, and by 59.13% from a week ago.
Where is Theta Fuel listed?
Currently, it is listed on a total of 2 among the 4 largest exchanges in Korea, and is listed on a total of 4 among the world top 10 exchanges.
What is the market cap of Theta Fuel now?
Currently, Theta Fuel has a market cap of 507,782,519,369 KRW, which is ranking 90 among cryptocurrencies worldwide.
How much is the trade volume of Theta Fuel?
Currently, 6,009,155,213 TFUEL coins are circulating through 50 market pairs. As a result, in the last 24 hours, 287,681,073,578 KRW of TFUEL coins were traded in the market.