How does THETA Fuel work?

Theta Fuel is the operational token of the Theta protocol. Users will use Theta Fuel to complete transactions like paying a relay node to provide you with a video stream, or for deploying or interacting with smart contracts . Relay nodes earn Theta Fuel for every video stream they relay to other users on the network.

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Why do I need THETA Fuel?

Theta Fuel or TFUEL is the secondary token for the Theta blockchain – it is used to pay for the transaction fees, as well as deploying and interacting with smart contracts on the Theta protocol . You can actually earn TFUEL by supporting your favorite streams.

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What is Theta token used for?

Theta tokens are the governance token of the Theta network. They provide users with a host of functionalities. This token is what you use to stake as a Validator or Guardian node, to produce blocks, and to participate in the protocol’s governance . There are 1,000,000,000 Theta tokens in circulation at this time.2 Mar 2022

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Will Theta token go up?

THETA coin price predictions DigitalCoinPrice is a bit more cautious, offering a THETA price prediction for 2022 that says saying it should reach $3.82 at some point this year before hitting $4.39 next year and $5.72 in 2025, with the token’s price forecast to be around $13.44 in 2030.

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Is THETA an NFT token?

THETA is more than an NFT marketplace . It also features a streaming platform that enables users to earn TFUEL tokens for watching content and participating in live streams on the platform. In addition, THETA features its TDROP token, enabling governance and providing further utility to the platform.

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