Theta FAQs - Learn more about THETA and TFUEL
Everything you need to know about Theta (THETA) and its related asset Theta Fuel (TFUEL).
In this Article:
What is Theta (THETA)?
Theta originally was built as a token on top of the Ethereum network when it entered existence in 2018 by the Theta Labs teams.
Since then Theta has migrated to its own blockchain protocol where it is today. It is the governance token of the Theta protocol which means the tokens themselves represent voting power and can be used to validate or produce blocks in the blockchain.
Much like NEO and ONT, Theta has a dual token model. In the same way that NEO has GAS and ONT has ONG, Theta has Theta Fuel (TFUEL).
What is Theta Fuel (TFUEL)?
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. For every minute you watch streams on the THETA.tv platform you support your favorite content creator as well as earning yourself a nice little reward too. For more information please check out the THETA.tv official FAQ section.
Paying for Theta transactions with Theta Fuel
All Theta transactions require Theta Fuel (TFUEL) so to send or exchange an amount of Theta you will need to have some Theta Fuel inside of your Exodus wallet.