Theta Fuel (TFUEL) is the native cryptocurrency of the Theta Network, a decentralized video delivery platform that aims to disrupt the traditional video streaming industry. Here are some key facts about TFUEL coin:
- *Price and Market Cap*: As of January 12, 2025, the price of TFUEL is around $0.069814, with a market capitalization of $458.02 million ¹.
- *Supply*: The total supply of TFUEL is capped at 5.30 billion, with 6.56 billion currently in circulation ¹.
- *Use Cases*: TFUEL serves as the internal coin for the Theta Network, providing incentives for participants to contribute resources and acting as a means of payment for goods and services within the network ².
- *Consensus Mechanism*: The Theta Network uses a proof-of-stake (PoS) consensus mechanism to validate transactions and create new blocks ².
- *History*: Theta Network was founded in 2017 by Mitch Liu and Jieyi Long, and TFUEL was introduced in 2019 as a utility coin ².
- *Exchanges*: TFUEL is being traded on 23 cryptocurrency exchanges, including Binance and KuCoin ¹ ².
