Everything about TFUEL (Theta Fuel) cryptocurrency :
Theta Fuel
Theta Fuel (TFUEL) is the operational token of Theta protocol.
1. Project introduction
Theta Fuel (TFUEL) is the operational token of Theta protocol.
Theta Network is a media and entertainment focused blockchain. Theta infrastructure enables existing video and media platforms to drive incremental revenues and reduce content delivery CDN costs while rewards end-users for sharing their storage and/or bandwidth on any PC, mobile, Smart TV or IoT device. Theta supports Turing complete smart contracts, and is fully compatible with Ethereum. This enables a wide range of interesting Web3 applications to be built on the Theta Network. Examples include non-fungible tokens (NFT), decentralized exchanges (DEX/DeFi), and decentralized autonomous organizations (DAO), which could become indispensable building blocks of the next generation media and entertainment platforms.
Theta Network is a "dual network" consisting of two complementary subsystems, the Theta Blockchain and the Theta Edge Network. The Theta blockchain provides payment, reward, and smart contract capabilities, while the edge network is responsible for the storage and delivery of media assets like images and videos. Theta Network is NOT a decentralized Youtube or a decentralized Twitch. Rather, Theta is the underlying blockchain and decentralized storage/delivery infrastructure that powers the next generation Web3 video streaming and media entertainment platforms.
Theta Fuel (TFUEL) is the operational token of the Theta protocol. TFUEL is used for on-chain operations like payments to Edge Node relayers for sharing a video stream, or for deploying or interacting with smart contracts. Relayers earn TFUEL for every video stream they relay to other users on the network.
2. Team introduction
Co-founder & CEO: Mitch Liu
Co-founder & CTO: Jieyi Long
3. Distribution
There were 5 billion TFUEL at genesis of Theta blockchain, and the supply increases annually at a fixed percentage set at the protocol level.
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