The usage areas of blockchain technology are expanding day by day. Today, there are blockchain projects in many areas, from data analysis to distribution, from decentralized social media platforms to video streaming platforms. As Kriptokoin.com, we focused on the Theta Fuel project, which has the potential to be the Youtube of Blockchain. In this article, you can find answers to frequently asked questions such as what is Theta Fuel, what it offers, what is TFUEL coin, how to get it, what is it used for. Let’s examine the project together.
What is Theta Fuel?
Theta Fuel is a video streaming platform built on the Theta blockchain. The platform offers services such as video streaming sharing, video publishing, broadcasting. Using smart contract technology, the project offers an economical service to its users. Video publishers have the opportunity to broadcast economically, unlike traditional broadcast platforms. The platform has a native cryptocurrency called TFUEL coin. TFUEL, one of the two cryptocurrencies of the Theta network, attracts users with various use cases within the ecosystem.
Theta Fuel aims to make the video streaming industry more efficient, affordable and fair. It aims to achieve this goal with the infrastructure and decentralization of Theta Blockchain. Platform; It consists of three types of users: viewers, creators, and video platforms. Viewers receive a higher quality streaming service through Blockchain technology. Content creators earn higher earnings than traditional video streaming platforms. Intermediaries, known as video platforms, save on infrastructure and increase their earnings such as advertising and subscriptions.
The open source platform ensures its decentralization through the Proof-of-Stake (PoS) consensus mechanism. Staking works with streaming video and contributing to the network. Users can earn token rewards and generate income by sharing videos on the platform.
What is TFUEL coin? What is it used for?
TFUEL coin is one of two tokens on the Theta network. It works as the native cryptocurrency of the Theta Fuel platform. TFUEL is the platform’s governance token. Holders of the token can vote in the polls about the future of the platform and submit proposals to the community for topics they want changed. TFUEL stands out with various use cases within the network.
TFUEL coin holders can earn token rewards by streaming video. Token holders who contribute to the network can also get these rewards. Viewers holding TFUEL can donate tokens to their favorite streamers. Streamers are rewarded with tokens for their videos. At the time of writing, TFUEL coin was the 87th largest cryptocurrency with a market cap of around $979 million. In addition, 5.30 billion TFUELs were in circulation.
How to get TFUEL coin?
TFUEL coin is listed by many major and reliable cryptocurrency exchanges. Among the exchanges that list the token, Binance, Crypto.com, KuCoin and Gate.io stand out. Investors interested in the Theta Fuel project can become a member of one of these exchanges and buy the token by depositing money in their wallets.
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