The coin has seen a price rise of 77% in the last seven days or so.
Theta Fuel (TFUEL) works as the operational token for the THETA Network. The coin has seen strong price action recently, with year to date gains resulting in 4,566% profits for those who invested a year ago.
The Theta Network has been built as a video-sharing platform, kind of like YouTube but users are rewarded in TFUEL for sharing video streams or deploying smart contracts.
The network operators are known as relayers. Relayers are also rewarded with TFUEL for every video they host on the network for other users to watch. TFUEL can therefore be seen as the “gas” behind the Theta Network.
Where to buy Theta Fuel?
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Register with eToro instantlyWhat makes Theta Fuel a potentially hot buy right now?
With the rising popularity of video sharing platforms over the last 10 to 15 years there has been a constant hunt by video hosting platforms to find new revenue streams for monetising their platforms.
The Theta Network potentially provides a solution to this by offering incentives for users to host videos with guaranteed revenue that advertisers cannot always provide.
Steven Chen, one of the co-founders of YouTube is an advisor to the project. He has this to say on the potential of Theta:
“Theta’s innovation is set to disrupt today’s online video industry much in the same way that the YouTube platform did to traditional video back in 2005. One of our biggest challenges had been the high costs of delivering video to various parts of the world, and this problem is only getting bigger with HD, 4K and higher quality video streams,”
