Prezzo Theta Fuel

Introduction to TFUEL Cryptocurrency

Theta Fuel (TFUEL) is the practical token on the Theta blockchain, which along with THETA, forms the two tokens used on the network. It is primarily used for the following:

1. Network Service Fees: TFUEL is used to pay for network service fees, such as transaction fees.
2. On-chain Operations: TFUEL is used for on-chain operations, such as paying relay nodes to share video streams, or for deploying and interacting with smart contracts.
3. Smart Contract Development: TFUEL is used for the development and deployment of smart contracts.
4. Staking Rewards: TFUEL is used for staking rewards on the network.

The Theta blockchain is an entertainment blockchain that provides end-to-end video streaming infrastructure. It also offers its own token standards, TNT20 and TNT721, allowing users to create their own fungible and non-fungible tokens (NFTs).

Theta Labs is the company behind the Theta blockchain, co-founded by Mitch Liu and Jieyi Long in 2017. Liu is an entrepreneur and CEO of Theta Labs, while Long is a computer engineer and Chief Technology Officer.