Theta Fuel (TFUEL) Price

TFUEL

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Before trading any crypto asset, it is important to understand the risks. This overview summarizes certain risks associated with this asset. No securities regulatory authority has issued an opinion regarding this asset, including an opinion that it is not itself a security and/or derivative.

Investors in Canada are reminded that no securities regulatory authority or regulator in Canada has assessed or endorsed any Crypto Contract or Crypto Asset made available through the Uphold Platform.

Token Description & Project Background

Theta Network is a decentralized content delivery platform. It allows users to leverage their spare computational bandwidth to facilitate video streaming across the Theta Network. 

The network comprises two components: one is the Theta blockchain, which is used for transaction validation, payment/reward services and executing smart contracts; the other piece of core architecture is the Theta Edge Network. It’s responsible for the storage and delivery of video content.

TFUEL is one of two digital assets native to Theta; the other is THETA Token. According to the project’s whitepaper, TFUEL, serves as the Theta Network’s operational token. It’s used to pay gas fees and reward Edge Nodes. 

Independent video platforms purchase TFUEL to pay for these content delivery services and provide tokenized payment to content creators and viewers. 

Theta Labs was founded in 2017 as a subsidiary of virtual reality technology firm Sliver.tv.

Risks of TFUEL

Like an investment in other crypto assets, there are some general risks to investing in TFUEL. These include:  (i) volatility risk and liquidity risk, (ii) short history risk, (iii) demand risk, (iv) forking risk, (v) code defects, (vi) regulatory risk, (vii) electronic trading risk, and (viii) cyber security risk. For additional information of these and other general risks associated with crypto assets and Uphold’s platform, please refer to the Risks Specific to Holding Digital Assets statement.

In addition to these general risks, an investment in TFUEL is subject to the following specific risks:

  • Any potential success associated with THETA depends on Theta Network’s rate of adoption by users and video content creators.
  • Any potential success associated with THETA depends on a number of external factors, including the rise of shared video streaming platforms and growth in NFT adoption.

We emphasize that this Crypto Asset Statement is not an exhaustive description or summary of all risks associated with TFUEL . Investors should conduct their own research and perform their own assessment before trading any crypto asset to determine the appropriate level of risk for their personal circumstances.

The TFUEL community and Theta Labs are not under any legal or regulatory obligation to disclose material information to the public regarding its activities. Holders of TFUEL have no recourse to the TFUEL community, Theta Labs, or Uphold if TFUEL declines in value for any reason.

Changes to applicable law may adversely affect the use, transfer, exchange, or value of any of your crypto assets, and such changes may be sudden and without notice.

Uphold’s Evaluation Process

Prior to listing TFUEL on the Uphold Platform, Uphold performed due diligence on TFUEL and determined that TFUEL is unlikely to be a security or derivative under relevant securities legislation. Uphold’s analysis including reviewing publicly available information on the following: 

  • The creation, governance, usage, and design of TFUEL, including ensuring the source code is open-source, audited and peer reviewed, security, and roadmap for growth in the developer community. 
  • The supply, demand, maturity, utility, and liquidity of TFUEL.
  • Any marketing materials put forward by the TFUEL social team including on, Twitter, Medium blog, LinkedIn posts, Discord and Telegram channels.
  • Material technical risks associated with TFUEL, including any code defects, security breaches and other threats concerning TFUEL and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them.
  • Legal and regulatory risks associated with TFUEL, including any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of TFUEL. 

General

Uphold has prepared this Crypto Asset Statement based on publicly available information. Although Uphold has taken steps to obtain information from apparently reliable sources, information contained in this Crypto Asset Statement may be inaccurate, incomplete or out-of-date. This overview is a starting point for you to perform your own research prior to investing in a crypto asset.

Uphold users should read the Risks Specific To Holding Digital Assets statement for additional discussion of general risks associated with crypto assets made available through the Uphold platform.  

Canadian residents, please note that Uphold has filed an application for registration in certain Canadian jurisdictions but has not yet obtained registration. Until such time as Uphold obtains registration, Uphold has agreed to abide by the terms of an undertaking available at the following link. Please also review the Uphold Canada – Crypto Risk Statement for additional discussion of general risks associated with the crypto assets made available through Uphold Platform. Please be aware that statutory rights of action for damages or rescission in section 130.1 of the Securities Act (Ontario) and, if applicable, similar statutory rights under securities legislation in the other provinces and territories of Canada do not apply in respect of this Crypto Asset Statement or other disclosures on the Uphold website and Risks Specific To Holding Digital Assets statement. 

Last updated on June 20, 2023.

How to buy Theta Fuel (TFUEL)

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3. Click the link we send you and create a password

… and you’re off to the races!

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