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What is Theta Fuel (TFUEL)?
Theta Fuel (TFUEL) is the operational token of the Theta Network, a blockchain-powered decentralized video streaming platform. It serves as the “gas” that fuels various network activities, enabling users to interact with dApps and participate in the ecosystem.
Key Features of Theta Fuel
- Network Gas: TFUEL is the primary currency used to pay for transaction fees on the Theta Network. This includes fees for deploying smart contracts, interacting with dApps, and content delivery.
- Staking Rewards: Users can stake TFUEL tokens to contribute to the security of the Theta Network and potentially earn rewards.
- Edge Node Incentives: Theta rewards users who share their bandwidth and computing resources as edge nodes with TFUEL tokens.
Uses of TFUEL Token
- Transaction Fees: TFUEL is required to pay for gas fees associated with any on-chain activity on the Theta Network.
- Content Delivery: Video streamers and content creators may utilize TFUEL to incentivize viewers and optimize content delivery.
- DApp Interaction: Users need TFUEL to interact with decentralized applications (dApps) built on the Theta Network.