Theta Fuel

TFUEL Rank #345

$0.0106▲ 1.74%24h

Low $0.01High $0.0108

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Market cap$78.96MRank #345

Fully diluted value$79.36M

Volume (24h)$1.24MVol / Mcap 1.57%

Circulating supply7.49BTFUEL

Total supply7.49B

Max supply∞no hard cap

All-time high$0.6816Jun 8, 2021

All-time low$0.000908Mar 12, 2020

What is Theta Fuel?

Origin and payments

TFUEL began with Theta's native blockchain launch on 15 March 2019. The genesis allocation contained five billion TFUEL. Its uses include blockchain transaction fees and smart-contract execution. Edge services also use TFUEL for payments related to computation, video processing and delivery. The network's separate THETA asset provides its validator and guardian stake.

Resource participation

Theta's edge network supplies computing resources for workloads such as AI inference and video transcoding. Providers can receive rewards for completed services. TFUEL staking can support an Elite Edge Node under the applicable node rules. The Theta 3.0 design introduced uptime-based rewards for that participation. Proof-of-Relay mechanisms account for delivered media resources.

Issuance and burning

TFUEL has continuing reward issuance rather than a fixed terminal supply. THETA staking rewards add TFUEL to circulation. The edge-node incentive design provides a further issuance channel. The protocol also burns TFUEL through specified gas and network-payment mechanisms. Outstanding supply therefore reflects both newly distributed rewards and destroyed tokens. Issuance parameters are set at the protocol level.