To pay for pay-per-use open-source software (OSS) or services on the Theta Network, you use TFUEL tokens via the Theta EdgeCloud platform, which supports TFUEL billing for compute-intensive tasks like AI inference, training, and rendering. Users can connect their Theta Wallet to pay for these services, often receiving a 5% discount on costs.
Steps to Pay Per Usage with TFUEL
- Acquire TFUEL: Purchase TFUEL tokens on supported exchanges like Crypto.com or use Theta Network's built-in Edge Nodes / Edge Clouds to earn them by sharing personal computer resources and Internet bandwidth.
- Set Up a Theta Wallet: Create a Theta Wallet (web or mobile app) to store your TFUEL safely and securely.
- Access EdgeCloud Services: Navigate to the Theta EdgeCloud platform, where you can access AI models, rendering tools, or other decentralized applications.
- Execute Transactions: Use your TFUEL to pay for the specific service usage. TFUEL functions as the operational "gas" for these on-chain interactions.
Key Details
- Billing & Savings: TFUEL is the core payment method for EdgeCloud, providing a 5% discount on services.
- On-Chain Operations: TFUEL handles all micro-payments and service fees, interacting directly with smart contracts.
- Supported Wallets: Use the official Theta Wallet apps or the Web Wallet to manage and transfer your funds.
Theta Labs offers computing resources directly through data centers it controls or through the engagement of a myriad of enthusiasts who put their equipment to work via a secure Internet connection.
Tfuel could also be used to finance independent developers by embedding a micro-payment system in the code for use with applications from a Theta Wallet that users regularly top up. This could apply to website funding instead of traditional donations. Unfortunately to date, nothing like this exists.