Theta Fuel (TFUEL) is one of the native tokens on the Theta blockchain. TFUEL should not be confused with Theta Token (THETA), which is the governance token of the Theta blockchain supported by thousands of community-operated Guardian nodes and their enterprise validators, including Google, Binance, blockchain enterprises, Gumi, and Samsung. TFUEL is the second token on the Theta blockchain and serves as a utility token for decentralized video and data transmission. It also functions as the gas token. This means that it powers all operations on the Theta blockchain, such as paying for shared video streaming to relayers, deploying smart contracts and interacting with smart contracts, as well as fees associated with trading NFTs and DeFi applications. Additionally, it is also used to incentivize users in the ecosystem.
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