Theta Fuel: What is it? Fuel Price Prediction for 2023, 2024, and 2030. Find out what Theta Fuel is, who created it, how to acquire it, how much it cost in the past, and how much it will cost in 2023 to 2025. Why isn’t video streaming decentralized like the financial system, the currency, and the majority of markets are? Blockchain technology has been used by Theta Fuel in video streaming. No more lagging, choppy video, or trouble streaming when watching videos. The new generation of decentralized video is now available.
What is Theta Fuel? Fuel Price Prediction 2023, 2024, 2025 till 2030
In this article, you can know about What is Theta Fuel? Fuel Price Prediction 2023, 2024, 2025 till 2030 here are the details below;
Although it is a new idea in the field, blockchain-based cryptocurrency video streaming is undoubtedly an exciting one. We all watch videos as part of our daily lives, and Theta Labs has made it their mission to fundamentally alter video streaming in addition to the financial system as a whole.
And most recently, Theta announced Metachain in December 2022, which is nothing more than Mainnet 4.0.
What is Theta Network?
Theta is a venture of Theta Labs, a business situated in San Francisco. It was developed in 2017 to support decentralized peer-to-peer video streaming that is reliable and of excellent resolution. A blockchain-based network for content producers is called Theta Network. It is a modified version of the Content Delivery Network (CDN), not a platform for streaming video. This is another aspect regarding Fuel Price Prediction.
With nearly no buffering, Theta TV can stream videos in 4K and 8K HD. The platform uses a system of incentives to encourage users to share their bandwidth. This bandwidth is used by Theta to distribute the video data to other users and viewers. Also check IT Industry in 2023
Theta Network wasn’t created to compete with services like Netflix, Amazon Prime, and YouTube. It was created to assist video streaming apps in reducing expenses and the industry’s middlemen. Content producers, publishers, advertisers, and viewers may now all profit greatly from the decentralized content delivery network thanks to Theta.
There are two native cryptocurrencies on the Theta blockchain:
Theta coin (THETA): Staking is done with this currency.
Theta Fuel (TFUEL): This cryptocurrency is employed for trading and transaction execution.
This essay will discuss the Theta Fuel and examine its costs.
Theta Fuel (TFUEL): The Native Token
Theta Fuel, an ERC20 token, serves as the Theta network’s operating coin. Along with the Theta Coin, this token will support platform functionality. On the Theta platform, Theta fuel is primarily used to carry out transactions. It is a standalone cryptocurrency that is listed on exchanges, and it can be traded.
A utility token called Theta fuel was introduced on March 15th, 2019. Data delivery for decentralized videos is facilitated by the operational token. On-chain activities such as paying relayers for spreading a video stream or interacting with smart contracts are also powered by theta fuel. This is why it also has a connection to the Gas token for Ethereum. This is another aspect regarding Fuel Price Prediction.
According to Theta Labs’ founder, Mitch Lu, “At its core, Theta is enabling users to share their idle bandwidth and computing resources to mine Theta tokens and in turn cache and relay video streams to others in the network.”
The Theta network’s live token is called Theta Fuel. The token is in charge of the Theta platform and is in charge of all significant network functions. Additionally, the minting and transportation of both fungible and non-fungible assets can be paid for using theta. In essence, it serves as the Theta platform’s valuable token.
Pre-mined tokens include Theta. Understanding the token’s distribution is crucial for comprehending its governance and future sale. The following is how the token is given out:
- 30% of the coins will be sold privately for $0.0067 USD each.
- Team: 7.349 percent of the tokens
- Experts: 1.23% of the tokens
- 12.5% of the tokens go to partners.
- Round one: 12.5% of the tokens
- 36.28% of the tokens are in the lab reserves.
Technology behind the Theta Network
Proof-of-Stake is the security system used to protect the Theta blockchain. In comparison to the proof-of-work technique, the proof-of-stake consensus allows for a greater number of transactions. Additionally, the PoS approach enables the use of various devices as viewers and caching nodes.
In order to gain greater security, it has incorporated a multi-level Byzantine Fault Tolerance (BFT) consensus method to its blockchain. Theta Token was used to develop TFUEL, which was intended to work in tandem with THETA.
To address the scalability difficulties and enable the user to construct an off-chain micropayment pool, Theta has also developed a Resource Oriented Micropayment Pool. Any blockchain system must address scalability issues and provide legitimate flexibility. As a result, users can utilize numerous nodes via a single on-chain transaction.
Theta tracks the transmission of video segments using Proof-of-Engagement. It demonstrates that users have in fact viewed a live video. It creates a trustworthy and dependable way for consumers and advertisers to monitor video interaction. Transparency is ensured, and it also serves as a means of obtaining TFUEL.
The 395 Guardian nodes and the 12 Vliadator nodes are crucial to maintaining the rapid rate of transaction. The Theta network also incorporated “Guardian Node” at the time of launch to ensure that no entity controls or has a hold on the majority of Theta Tokens. This aids theta in achieving 1000+ TPS of transaction throughput. This is another aspect regarding Fuel Price Prediction.
Smart Streaming contracts are used by the network to distribute and collect rewards. Advertisers, consumers, streamers, producers of video material, and cachers can all benefit from these contracts. It was initially intended for validators to use. Staking and burning are available with these Smart Streaming contracts as well.
Theta incorporates “Gossip” within its technological framework. Theta relies on various nodes dispersing the information rather than a single node sharing all of it.
How to earn TFUEL?
The following are ways that platform users can earn TFUEL:
TFUEL is given to viewers who watch videos.
To receive the tokens, sign up on Theta.tv.
The token can be acquired by content producers through their contributions.
Running a cache node will give the network more bandwidth.
Join the stakeholders
How to buy TFUEL?
TFUEL can be purchased by anyone using a debit card, credit card, or even PayPal. TFUEL may be purchased from sites like Binance, Upbit, WazirX, Gate.io, etc. This is another aspect regarding Fuel Price Prediction.
Theta fuel coin has only recently entered the market, but boom times are soon to come.
- Purchase fuel online.
- Binance Register Here
- WazirX Register Here
- Gate.io Register Here
- Coinone Register Here
- Sign Up For Upbit Here
How to buy TFUEL at Binance?
The greatest and biggest cryptocurrency exchange in the world is unquestionably Binance. Let’s look at how to purchase TFUEL on Binance:
- If you haven’t already, register on Binance.
- Visit the Binance website or download the app.
- Create a password and enter your email address.
- Check your email address by opening a verification email.
- Enable 2 Factor Authentication for the highest level of security.
- Complete your optional but required KYC verification.
- By providing your information, add your bank account.
- Use INR or a cryptocurrency like BTC or ETH to fund your account.
- In the “Exchange” tab, look for TFUEL trading pairings.
- Select the quantity of cryptocurrencies or money you wish to purchase.
- Select “buy” from the menu.
- TFUEL will soon be available in your Binance wallet.
Theta fuel Founder (Team and Partners)
The native token of the Theta network is called Theta Fuel (TFUEL). Jieyi Long and Mitchu Liu jointly founded it. Theta originally began as the Silver.tv project. It served as an eSports live broadcasting site. The founders all have extensive experience in online gaming and digital media.
Theta Network’s co-founder and CEO is Mitch Liu. He is a co-founder of Tapjoy, Theta.tv, and Gameview Studios. He graduated from MIT with a bachelor’s grade in computer science and engineering, and the Stanford Graduate School of Business awarded him a master’s degree in business administration. Tap Fish, one of the first free-to-play mobile games, was also made by him. It has four patents in the blockchain and video streaming industries.
Co-founder of Theta Labs and its Chief Technical Officer (CTO), Jieyi Long. Additionally, he was a co-founder of THETA.tv. MadSkill Game Studios was founded by Long as well. Prior to Theta, he held positions as a research assistant at Northwestern University, a technical staff member at Magma Design Automation, and an R&D engineer at Synopsys. Jieyi has a PhD in computer engineering and a bachelor’s degree in microelectronics.
Theta Labs and Theta.tv’s Chief Product Officer (CPO) is Ryan Nichols. Additionally, he was a founder member of Theta. He is a Nom Labs Inc. co-founder and product designer. Prior to Theta, he had positions at Tencent as UI Director, Living Earth HD as App Developer and Designer, Mochi Media as Vice President of Product Management, and he founded Funderoo.com and Apples to Oranges LLC.
Big figures like Justin Kan, the co-founder of Twitch, and Steve Chan, the co-founder of Youtube, make up the advisory board.
Silver controlled Theta Labs, and Silver secured a 17 million USD investment from Silicon Valley VCs, including the likes of Sony and Samsung, two enormous worldwide players. Additionally, it has alliances with Steam and the Aelf decentralized cloud computing blockchain.
Why was TFUEL Introduced?
The Theta Network’s operational token is called TFUEL. It fuels activities like paying relayers. It serves as the “gas” token as well.
The utility token was unveiled as Theta Fuel. TFUEL is used to conduct microtransactions and operations, whereas THETA was only used for staking and safeguarding the network. Because staking reduces the number of tokens in circulation, the other native token enables high liquidity and can support millions of daily transactions. As a result, the TFUEL coin was developed to balance the Theta network environment. This is another aspect regarding Fuel Price Prediction.
The governance problems need to be resolved, but they can’t be handled with only one staking token. As a result, TFUEL is utilized to manage the blockchain system’s scalability and flexibility issues. Additionally, two distinct tokens make it simple to distinguish between the functions and safeguard Theta against security risks. Additionally, there is less chance of one network obtaining large quantities of tokens.
The following are some ways that users who have earned TFUEL as a reward might put it to use:
- Taking part in games
- Contribute to your favorite streamers
- Buy presents
- Sell it in opposition to fiat money
- Provide advertisers with advertising space
- Benefit from continuous streaming
- Pay for platform transactions.
THETA Mainnet 3.0
On June 30, Theta Mainnet 3.0 became operational. Among other things, it introduced TFUEL staking and burning. Additionally, expanding the EdgeCast’s number of Edge Nodes is a priority. The nodes will then upgrade to Elite Edge Nodes, which produce more Theta Fuel than standard Edge Nodes. Theta is taking these actions in an effort to encourage more people to become nodes. Theta Fuel will rise to between 2 and 4% inflation in the 3.0 version. 25% of the TFUEL payment will likewise be wasted on the 3.0 version.
THETA MAINNET 4.0
On December 1, 2022, Theta recently unveiled Mainnet 4.0. Leading Media and Entertainment companies will benefit from the high transaction throughput, customization, and dependability that this upgrade to the Theta blockchain will offer in order to bring their millions of customers onchain.
TFUEL Price History
Theta Fuel was introduced on March 28th, 2019 with a debut price of $0.016. It was undoubtedly a strange notion, but Silver’s support let it to expand at first, and on May 25th 2019, the price hit $0.0222. Throughout the year, there was no increase in pricing. The market had probably never been exposed to blockchain-based video streaming before. It dropped steadily till it got to $0.009 in July. By July’s first day, the costs had dropped to $0.007. In August, the cost of TFUEL was as low as $0.004, and by year’s end, it was $0.002.
Theta Price in 2020: TFUEL did not have a fantastic year in 2020 either. It began trading at $0.002 in January and increased somewhat in February until peaking at $0.005 on February 13. However, the pricing then abruptly plunged to $0.001 in March and remained there until April. The price of TFUEL increased in May and was $0.009 on May 23. Prices continued to rise throughout the year, fluctuating between $0.008 and $0.01 at the end of May. By the end of December, when the prices hit $0.03, there had been an abrupt increase. This is another aspect regarding Fuel Price Prediction.
Theta Price in 2021: TFUEL has had a remarkable year in 2021. In January, the pricing were $0.02. By the end of the month, it had increased since February and was $0.09. Prices continued to rise until they hit $0.48 on May 23, 2021. In June 2009, prices continued to move lower, but analysts remain optimistic about rising prices. On June 9, 2021, TFUEL reached an all-time high of $0.6807. Prices continued to drop until they reached 0.18 USD at the year’s end.
Theta Price in 2022: Like all other cryptocurrencies, TFuel saw a bear market in 2022. It began the year at 0.18 USD and ended the year at 0.031 USD, a decline of over 83%.
TFuel Price Chart 2023
TFuel Technical Analysis
A NEUTRAL position is recommended by TFuel’s technical analysis on a monthly, weekly, daily, and hourly basis.
Theta Fuel Price Today
TFUEL Price Prediction 2023
People’s perceptions of TFUEL’s prices have been clouded by their frequent changes, but this is an attempt to predict their likely future costs for this innovative enterprise. Tfuel’s predicted maximum and minimum prices for 2023 are 0.109 USD and 0.041 USD, respectively. The range of 0.066 to 0.047USD is predicted for the price of TFuel in April 2023. This is another aspect regarding Fuel Price Prediction.
FAQs for TFUEL Price Prediction
By 2030, what will Theta Fuel be worth?
By 2030, prices for Theta Fuel are anticipated to exceed $40 USD.
In five years, how much will Theta Fuel be worth?
In the following five years, we anticipate ThetaFuel to reach 19.34.
When will TFuel reach $100?
TFuel might reach $100 by 2030.
What will the cost of Theta gasoline be in May 2023?
By the end of May 2023, theta fuel is projected to trade for between 0.07 and 0.059 USD.
Is it wise to invest in TFUEL in 2023?
Theta is a solid platform that was created with use in mind. And following a complete bear year, TFuel is anticipated to have a surge in 2023. Another factor paving the way for a successful network is the enormous and rising demand for video streaming. And given how Theta is progressing, it may soon be the preferred blockchain-based streaming platform.
Strong partners and a reliable team support the platform. The news that Silver.Tv and NASA would be collaborating has also had a significant impact on the Theta ecosystem. The concept is brand-new in the cryptocurrency world, and prices for it have skyrocketed this year.
Theta does provide a good deal of fantasy, and the pricing very clearly reflect this. One must remember that it is a cryptocurrency, and risks are inherent in all cryptocurrencies. Don’t rely on just one source, even though the crypto bulls may be optimistic about the TFUEL token. Before investing in any cryptocurrency, do extensive study and then make a choice.
