What is Theta Fuel Coin?
Theta Fuel is one of two native cryptocurrencies of Theta Blockchain, a blockchain protocol that aims to create a decentralized video streaming platform where users can get paid for watching content while having full control over their content. Because of its unique use case Theta project gain the attention of many cryptocurrency investors in Korea when it received investment from the Big Tech Giant 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.
As all the content management processes will be managed through blockchain technology and Smart Contracts so no one will be able to alter or modify the content and incentives price, so everyone will receive a fair amount for their services. Ultimately, Theta claims that using shared detector resources, we 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.
After the successful launch, Theta Fuel also made its streaming platform known as THETAatv public which ran E-Sport live streaming business in the United States. By watching content on THETAatv, users can also earn rewards in TFuel.
Theta Fuel Basics
Here are some factors that investors should consider before investing in Theta Fuel.
|Cryptocurrency Features||Theta Fuel (TFUEL)|
|Publisher or Developers||Theta Labs|
|Headquarters (Registration Number)||USA|
|Published Date (CMC Registration)||2019-03-28|
|Max Supply||No limit|
Reliability Score of Theta Fuel in 2023
These are indexes mesuring the investment reliability of Theta Fuel conducted by Coin-Labs.com.
|Investment Reliability 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 World's Top 10 Exchanges||Listed on 3 Exchanges|
|Number of Available Pairs Worldwide||60 Pairs|
|Market Cap of the Cryptocurrency||305,522,800 USD (Rank #140)|
Theta Fuel Price
Here are the price and recent trading volume of Theta Fuel. (Data of 2023-12-05 08:13:00)
|Price Items||Price and Trading Volume of Theta Fuel|
|Theta Fuel Price||0.048 USD|
|Price Change 24h||-1.50%|
|Price Change 7d||13.77%|
|Trading Volume 24h||21,479,494 USD|
|Trading Volume Change 24h||21.53%|
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|
Where to Buy Theta Fuel
Here are the top ten world crypto exchanges where traders can buy Theta Fuel in 2023.
|Top10 Exchanges||Listed Status||Page URL|
Frequently Asked Questions
What is the current price of Theta Fuel?
Theta Fuel price today is 0.048 USD. Furthermore, the price of Theta Fuel has fluctuated by -1.50% from 24 hours ago, and by 13.77% from a week ago.
Where is Theta Fuel listed?
Currently, it is listed on a total of 3 among the world top 10 exchanges.
What is the market cap of Theta Fuel now?
Currently, Theta Fuel has a market cap of 305,522,800 USD, which is ranking 140 among cryptocurrencies worldwide.
How much is the trade volume of Theta Fuel?
Currently, 6,369,881,504 TFUEL coins are circulating through 60 market pairs. As a result, in the last 24 hours, 21,479,494 USD of TFUEL coins were traded in the market.