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Theta-fuel

TFUEL

Theta Fuel

TFUEL

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₹5.46

LIVE

24H Low ₹5.25

24H High ₹5.52

Price of TFUEL today

The current live price of TFUEL today is ₹5.46, with a 24-hour trading volume of ₹90,07,61,069.95. Our TFUEL to INR price is updated in real-time. TFUEL has seen a increment of 4.44% in the last 24 hours. With a live market cap of ₹36,66,75,64,836.82 , the circulating supply is at 6,709,964,824 TFUEL coins, with a maximum supply of 6,709,964,824TFUEL coins.

Theta Fuel Price History

Date ComparisonAmount Change% Change
Today₹0.21

4.04%

7 Days-₹0.05

0.99%

30 Days₹0.43

8.61%

1 Year₹2.60

93.22%

Theta Fuel Price Information

Price Change (1hr)

4.33%

Price Change (24hr)

4.04%

Price Change (7d)

0.99%

Theta Fuel Market Stats

Market Cap

₹36,66,75,64,836.82

Fully Diluted Market Cap

₹36,66,75,64,836.82

24hr Volume

₹90,07,61,069.95

14.27%

Circulating Supply

6709964824 TFUEL

Total Supply

6709964824 TFUEL

Things to know about Theta Fuel

What is the token?

  • Theta Fuel (TFUEL) is one of the two native tokens on the Theta blockchain, a decentralized video delivery network.

  • TFUEL is the operational token of the Theta protocol, used as the utility token in decentralized video and data delivery.

  • It functions as a gas token, which powers all operations on the Theta blockchain, such as payments to relayers for sharing a video stream, deploying and interacting with smart contracts, and as fees associated with transactional NFTs and DeFi applications.

Tokenomics

  • TFUEL had an initial supply of 5 billion tokens at the genesis of the Theta blockchain.

  • The supply increases annually at a fixed percentage set at the protocol level of 5%.

  • TFUEL is used for on-chain operations and incentivizes users to share their redundant computing power and bandwidth.

Market Data

As of today #{today’s date}, the price of Theta Fuel is ₹5.46 INR or 0.06182 USD, with a 24-hour trading volume of 10201144.62 USD. The market capitalization for Theta Fuel is 415261209.93USD. The circulating supply is 6709964824 Theta Fuel, with the total supply also being 6709964824 Theta Fuel.

Token Pros and Cons

Pros:

  • Utility and Demand: TFUEL serves multiple purposes within the Theta ecosystem, including payments for sharing video streams and interacting with smart contracts, which drives demand.

  • Backed by Major Investors: Theta has support from significant investors like Sony Innovation Fund, Samsung NEXT, and others, providing it with solid backing and potential for growth.

  • Earning Potential: Users can earn TFUEL by viewing streams on Theta TV or participating as relayers in the network, offering a way to accumulate the token without direct purchase.

  • Security and Speed: The Theta blockchain promises greater security and speedy transactions, leveraging blockchain technology for a trustless and efficient system.

  • Growing Ecosystem: With a focus on decentralized video delivery and data streaming, Theta Fuel is part of an ecosystem with a potentially expanding market as digital content consumption grows.

Cons:

  • Volatility: Like many cryptocurrencies, TFUEL is highly volatile, leading to significant price fluctuations and affecting investment stability.

  • Market Competition: The streaming and content delivery market is highly competitive, with several other blockchain projects aiming to solve similar problems, which could impact TFUEL’s adoption and value.

  • Regulatory Risks: The cryptocurrency market faces ongoing regulatory scrutiny. Changes in regulations or legal challenges could adversely affect the value and utility of TFUEL.

  • Limited Acceptance: While TFUEL has utility within the Theta ecosystem, its acceptance as a form of payment or investment outside this ecosystem must be improved, potentially restricting its liquidity and usability.

  • Technical Risks: The success of TFUEL is closely tied to the Theta network’s technical performance and adoption. Any network failures, bugs, or security issues could negatively impact TFUEL’s value.

?

  • TFUEL is used for transactions and operations within the Theta network, including video streaming and intelligent contracts, potentially increasing demand.

  • Users can earn TFUEL by participating in the network and sharing video streams, which can incentivize adoption.

  • The Theta network provides a decentralized platform that can reduce censorship concerns, potentially attracting content creators and viewers.

USP of the coin

  • The unique selling proposition (USP) of TFUEL is its integral role in Theta Network’s dual-token system, where it serves as the operational token. At the same time, the Theta Token (THETA) is the governance token.

  • This dual-token system separates governance from operational activities, potentially leading to a more efficient and user-focused network.

The problem the coin is solving

  • TFUEL and the Theta Network aim to solve the issues of poor quality and high costs associated with traditional video streaming services by providing a decentralized alternative where users are incentivized to share their spare bandwidth and resources, leading to improved video streaming quality and reduced costs.

Founder and team background

  • Mitch Liu and Jieyi Long co-founded the Theta Network.

  • The team behind Theta includes individuals with video streaming, virtual reality, and blockchain technology backgrounds.

  • Theta Labs, the company behind the Theta Network, has also secured partnerships and collaborations with various industry players.

ICO Price

  • The initial coin offering (ICO) price of TFUEL is not directly provided in the search results.

  • However, it is known that TFUEL was not sold in an ICO but was airdropped to holders of the Theta Token (THETA) at the launch of the main net.

Risks Associated with Investing in the Coin

  • The content delivery and streaming market is crowded with competitors, which could hinder TFUEL’s market penetration and growth.

  • TFUEL’s use is primarily within the Theta ecosystem, and its acceptance as a mainstream form of payment is still limited.

Whitepaper Insights

The Theta whitepapers cover various aspects of the Theta blockchain and its evolution through different versions of the main net. The Theta blockchain 3.0 whitepaper introduces the crypto-economics design for TFUEL, including staking and burning mechanisms. The Theta blockchain 2.0 whitepaper discusses the consensus protocol and guardian node details. The Theta Ecosystem 2022 and TDROP token whitepaper outline the vision for the Theta ecosystem. Technical details of the Theta Multi-level BFT protocol are also provided.

Theta Network is designed as a dual network consisting of the Theta Blockchain and Edge Network. The blockchain component is responsible for transaction validation, payment/reward services, and executing smart contracts, while the Edge Network handles video content storage and delivery. TFUEL is used to pay gas fees and reward Edge Nodes for their contributions to the network.

Theta’s mainnet 4.0 whitepaper introduces the Theta Metachain, which aims to power future Web3 businesses. It emphasizes uniformity, with EVM compatibility across the main chain and subchains, providing a unified programming interface for DApp developers. TFUEL is used as the gas token on all subchains, with customizable gas fee structures. The introduction of subchains is designed to increase the utility and demand for both THETA and TFUEL, with THETA required as collateral for any subchain and TFUEL as the gas token for on-chain transactions.

The whitepapers also discuss the decentralized edge computation design and architecture, which powers platforms like Theta Folding@Home. Theta Labs holds multiple patents in areas including virtual reality and blockchain. The documents highlight the importance of community participation in the network, with users rewarded in TFUEL for sharing their bandwidth to relay video, contributing to a more efficient and cost-effective video delivery system.

The Theta protocol’s dual token design, with THETA as the governance token and TFUEL as the operational token, is a crucial feature. The supply of THETA is fixed at 1 billion and will never increase, while TFUEL’s supply increases annually at a fixed percentage. The whitepapers detail TFUEL staking and burning mechanisms, which are intended to enhance the network’s capacity and utility.

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Price as per 01:53 PM • 12 Oct 2024

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What is the price of Theta Fuel (TFUEL)?

The current price of Theta Fuel (TFUEL) in INR is ₹5.46 INR.

What is the current TFUEL market cap?

The current market capitalization of Theta Fuel (TFUEL) is ₹36,66,75,64,836.82 INR. This value represents the total market value of all coins in circulation, calculated by multiplying the current price of TFUEL by the number of coins in circulation.

What is the current supply of Theta Fuel (TFUEL)?

The current supply of Theta Fuel (TFUEL) is 6709964824 TFUEL. This figure represents the total number of coins that have been mined and are currently in circulation.

What is the 24 trading volume of Theta Fuel (TFUEL)?

The 24-hour trading volume of Theta Fuel (TFUEL) in INR is ₹90,07,61,069.95. This figure represents the total value of all TFUEL transactions across various exchanges within the last 24 hours.

How to Buy Theta Fuel (TFUEL) in India?

To buy Theta Fuel (TFUEL) via Mudrex, simply sign up and create an account on their platform. Proceed by completing the KYC process to verify your identity. Once verified, deposit funds into your account using the available methods. With your account funded, you're all set to start investing in TFUEL.

Can I buy Theta Fuel (TFUEL) with UPI?

Yes, you can buy Theta Fuel (TFUEL) with UPI on Mudrex, which accepts payments through popular UPI apps like Paytm, PhonePe, and Google Pay, offering a convenient and quick way to invest.

How to Convert Theta Fuel (TFUEL) to Indian Rupee (INR)?

To convert Theta Fuel (TFUEL) to Indian Rupee (INR), you can use our TFUEL/INR conversion rates in real time.

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