Theta Fuel ($TFUEL ) is one of the leading digital assets in this rapidly expanding market and has already gained huge attention in the crypto market since its launch.
What is Theta Fuel ($TFUEL ) ?
Theta Fuel (TFUEL) is a cryptocurrency that is used to power transactions and operations on the Theta blockchain network. The Theta network is a decentralized video delivery platform that allows users to stream high-quality video content, such as movies, TV shows, and esports events, without the need for centralized servers.
TFUEL is used as the transactional fuel of the Theta network, and it is used to pay for various services and functions, such as video transcoding, edge node caching, and content delivery. Users who contribute computing resources to the Theta network, such as bandwidth or storage, are rewarded with TFUEL as an incentive for helping to power the network.
The token is also used for governance, with TFUEL holders able to vote on changes to the network’s protocol and direction. Theta Fuel is a complementary token to the Theta Token ($THETA ), which is the primary governance and staking token of the Theta Network.
