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Who is the founder of TFUEL coin?
Mitch Liu and Jieyi Long founded Theta Network, which created TFUEL Coin, a native token used for transaction fees, rewards, and network governance.
Nov 20, 2024 at 12:14 pm
Who is the Founder of TFUEL Coin?
Theta Fuel (TFUEL) is the native token of the Theta Network, a decentralized video streaming platform. Theta Network was founded by Mitch Liu and Jieyi Long.
Mitch Liu
- Co-founder and CEO of Theta Labs
- Former Google engineer
- Serial entrepreneur with a background in video streaming and blockchain technology
Jieyi Long
- Co-founder and CTO of Theta Labs
- Former enterprise software engineer
- Expertise in distributed systems and blockchain development
Theta Network
Theta Network is a blockchain-based video streaming platform that leverages a decentralized network of users to deliver high-quality video content. Users can earn TFUEL tokens by providing their computing and bandwidth resources to the network, which is then used to reward content creators and stakers.
TFUEL Coin
TFUEL is the native token of the Theta Network and serves the following functions:
- Transaction Fees: TFUEL is used to pay transaction fees on the Theta Network for actions such as sending, receiving, and staking TFUEL.
- Reward Mechanism: TFUEL is distributed to users who contribute to the network by providing computing and bandwidth resources or staking their TFUEL tokens.
- Governance: TFUEL holders can participate in the governance of the Theta Network by voting on proposals and electing Theta Network validators.
Conclusion
TFUEL coin was founded by Mitch Liu and Jieyi Long, the co-founders of Theta Network. Theta Network is a decentralized video streaming platform that utilizes a network of users to deliver high-quality video content. TFUEL is the native token of the Theta Network and is used for various functions such as transaction fees, reward mechanisms, and governance.
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