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What Is Theta Fuel?

Mar 2, 2023
4 min read

This blog post will cover:

  • About Theta Fuel (TFUEL)
  • Where did Theta Fuel (TFUEL) come from?
  • What are the advantages of Theta Fuel (TFUEL)?
  • What are the disadvantages of Theta Fuel (TFUEL)?
  • How to buy Theta Fuel (TFUEL)?

About Theta Fuel (TFUEL)

Theta Fuel is included in Theta blockchain. It coexists with THETA token which is needed to govern and is supported by many Guardian nodes run by the community.  

TFUEL is a utility token running the decentralized video and information shipment and additionally utilized as a gas token. It drives many operations on the Theta. TFUEL as well exploited to encourage those who give their computing powers and bandwidth resources for video streaming and processing other data. 

The core use case of the platform is making video streaming, edge computing and data delivery decentralized. Upgrading the efficiency, cost-effectiveness and faithfulness for the field members.

Theta affects the industry in three ways: the users watching videos get rewarded with a more quality streaming service, the creators increase their profits and the intermediaries — video platforms — save a lot of money on constructing their own infrastructure. 

Where did Theta Fuel (TFUEL) come from?

The ecosystem of Theta appeared in 2017 along with 2 tokens. The founders of Theta are Mitch Liu and Jieyi Long. 

What is the team behind the creation of TFUEL tokens? The team of the project consists of well-experienced technicians and media executives who have previously worked with the tech giants — Samsung, Netflix, Amazon etc. The expertise Theta team possesses is the key which is making it possible for the project to become the leading blockchain for the media sphere.

What are the advantages of Theta Fuel (TFUEL)?

  1. Proof-of-Stake
    Theta utilizes the PoS consensus mechanism, which is known for requiring less computing power.   
  2. Rewards
    The reward system of Theta is very well-organized, which means all of the parties are incentivised enough to participate in the network.   
  3. Experienced team
    As we have mentioned in this article, the team includes specialists with a massive experience in the tech field.

What are the disadvantages of Theta Fuel (TFUEL)?

  1. Competition
    The project faces a high competition level because of the specific sphere it’s working in. There are tons of concepts aiming to become the best in the media industry. 
  2. Quite low liquidity

How to buy Theta Fuel (TFUEL)?

Now you know what this crypto is used for. If you are interested in TFUEL or some other coins, you might purchase them here. Just go to SimpleSwap homepage. Read the guide on how to buy TFUEL:

  1. Let’s assume, you plan to exchange BTC for TFUEL. Select the crypto you wish to exchange (BTC) in the 1st drop-down list. Insert the number you want to swap.
  2. Choose TFUEL in the 2nd drop-down list. You will see the estimated amount that you’ll receive after the swap.
  3. Click the Exchange button.
  4. Enter the Recipient's Address. TFUEL will be sent to this address. Be careful and make sure you use the correct address.
  5. Create the exchange.
  6. You will see the BTC deposit address. You have to transfer the necessary amount of BTC to this address to start the exchange.

SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.

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