Theta Fuel (TFUEL)

Earning and Sharing

Theta Fuel is earned by watching streams on THETA.tv and sharing your upload bandwidth to help deliver video content to other viewers.

Spending and Supporting

You can use Theta Fuel to donate to your favorite streamers, buy subscriptions, and purchase items like merch and gaming gear in the THETA.tv store.

Platform Operations

Theta Fuel acts as the premium currency on THETA.tv, powering transactions and rewarding users for participation in the network.

Pros of Theta Fuel

• Content Creation Rewards: Anyone can earn Theta Fuel by becoming a Theta TV anchor or by contributing bandwidth to the network.
• Efficient Transactions: It supports fast and low-cost transactions on the Theta blockchain.
• Supports Decentralized Streaming: Powers payments for video streaming and smart contract interactions on the Theta Network.
• Active Ecosystem: Used widely within the Theta platform, which focuses on video streaming and decentralized content delivery.

Cons of Theta Fuel

• Dependent on Theta Network Growth: Its value and use depend heavily on the popularity and adoption of the Theta streaming platform.
• Limited Governance Role: Unlike Theta Token (THETA), Theta Fuel does not provide voting or governance rights.
• Market Volatility: Like many cryptocurrencies, its price can be volatile and influenced by market trends.

Theta Fuel is mainly designed to power the Theta blockchain’s operations and reward users who support the network.

Founders

Theta Fuel was co-founded by Mitch Liu and Jieyi Long in 2017. Mitch Liu has a background in mobile gaming startups and online advertising, including companies like Gameview Studios and Tapjoy. Jieyi Long is experienced in eSports platforms, virtual reality live streaming, and large-scale distributed systems.

Corporate Investors

Theta Fuel has backing from big companies like Samsung NEXT, Sony Innovation Fund, Bertelsmann Digital Media Investments (BDMI), and Creative Artists Agency (CAA). These companies support the project strategically.

Venture Capital Firms

Traditional Silicon Valley venture capital firms such as DCM, Sierra Ventures, and the VR Fund have also invested in Theta Fuel, helping to grow the network and its technology.

Advisors

The project is advised by well-known tech founders like Steve Chen (YouTube co-founder) and Justin Kan (Twitch co-founder), adding experience and guidance to the team.

These investors and advisors help Theta Fuel develop its decentralized video streaming and data delivery platform.

Halal Status of Theta Fuel

• Yes, Theta Fuel is considered halal.
• This is because it involves a clear value exchange and legitimate technological use within the Theta Network ecosystem.
• The network supports real-world applications like decentralized video delivery and has partnerships with reputable companies.
• Islamic finance experts have analyzed Theta Fuel and found no forbidden elements in its operation or purpose.