The coin has seen a 77% price increase in the last seven days.
Theta Fuel (TFUEL) works as an operational token for the Theta Network. The coin has seen strong price performance recently, with gains over the year to date resulting in 4,566% profit for the investors who invested a year ago.
The Theta Network was built as a video sharing platform, similar to YouTube, but users are rewarded in TFUEL for sharing video streams or using smart contracts.
The operators of the network are known as relayers. Relayers are also rewarded with TFUEL for each video they provide on the network for other users to watch. TFUEL can therefore be seen as the” gas ” behind the Theta Network.
Where can you buy Theta Fuel?
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What makes Theta Fuel a potentially hot buy right now?
With the rising popularity of video sharing platforms over the past 10-15 years, there has been a constant effort by video hosting platforms to find new revenue streams for monetizing their platforms.
The Theta Network may offer a solution to this by providing incentives for users to host videos with guaranteed revenue that advertisers cannot always provide.
Steven Chen, one of the co-founders of YouTube, is a consultant on the project. He has the following to say about the potential of theta:
“Theta’s innovation will transform today’s online video industry in much the same way that the YouTube platform did for traditional video in 2005. One of the biggest challenges has been the high cost of delivering video to different parts of the world, and this problem is only getting bigger with HD, 4K and higher quality video streams.“