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Our easy-to-use Theta Fuel (TFUEL) trading platform allows you to conveniently and rapidly exchange Theta Fuel into fiat currency, including USD, or into other cryptocurrencies such as BTC and altcoins. You can access the platform from your web browser or your smartphone.
Theta Fuel is the second native token created on the Theta blockchain. It is important not to confuse TFUEL with the governance token, THETA, the first token on the Theta blockchain. TFUEL is designed to have greater usability than the original Theta token. It has no capped supply, which means that more TFUEL can be created in the future.
Theta Fuel is used to power on-chain operations, such as payments made to relayers in exchange for sharing a video stream or interacting with smart contractors. Relayers can earn Theta Fuel for every stream they relay to other users on their network.
Who created TFUEL?
The Theta Ecosystem, including TFUEL, was co-created in 2017 by Jieyi Long and Mitch Liu. Jieyi Long is the CTO of Theta Labs, Inc. and a co-founding member of the organization. Co-founder and CEO Mitch Liu has a long history of working in the gaming industry.
The goal of the Theta blockchain is to create incentives for users to offer their spare computing resources and bandwidth. This technology could help lower the costs of quality video streaming by challenging the current centralized system. The more people join the pool of users, the more resources are available for video streaming.
How do I exchange and Trade Theta Fuel?
In order to convert Theta Fuel into fiat currency or trade it for other cryptocurrencies, users must find an exchange like Rubix that deals in both currencies they want to trade. Then, they must sign up for an account and create a buy order for their TFUEL currency. The exact amount of USD or other currency that users receive in exchange for their TFUEL depends on the current exchange rates, platform fees, and spreads on the exchange.
TFUEL is a popular and useful cryptocurrency. Therefore, the exchange rate could become favorable for those looking to trade TFUEL.
Exchange TFUEL using Rubix
You can quickly and easily acquire TFUEL using the built-in trading tools provided by Rubix. Rubix supports TFUEL trading most other major cryptocurrencies, including BTC. The platform also allows you to convert cryptocurrencies into major fiat currencies, such as the US dollar and Euro. By trading with Rubix, you can quickly and conveniently manage your cryptocurrencies, make payments, send funds, and transact with friends while also enjoying excellent security.
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