T
Threshold Network Token
$0.003562
0.46%
Threshold Network Token
T
$0.003562
0.46%
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Threshold Network Token Information
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About Threshold Network Token
The Threshold Network Token (T) is the utility and governance token of the Threshold Network, resulting from the merger of Keep Network and NuCypher. It serves as a utility token for staking nodes and earning fees, while also acting as a governance token within the Threshold DAO. T token holders can participate in coverage pools, earn yield, and underwrite collateral risk. The Threshold Network provides cryptographic primitives for decentralized applications, with tBTC being its flagship application for tokenizing Bitcoin in DeFi while maintaining privacy and avoiding censorship.
Threshold Network Token (T) is the utility and governance token of the Threshold Network, a network that provides cryptographic primitives for various decentralized applications (dApps). It was launched on January 1, 2022, following the merger of Keep Network and NuCypher. The T token serves as a key component of the Threshold Network ecosystem.
The Threshold Network was created through the merger of Keep Network and NuCypher. The teams from both projects came together to form the Threshold Network, resulting in the creation of the T token.
The T token has multiple purposes within the Threshold Network. Firstly, it serves as a utility token allowing users to stake a node and earn fees from applications utilizing the network's cryptographic primitives. Additionally, the T token functions as a governance token, enabling token holders to participate in the Threshold DAO. Users can lock their T tokens in coverage pools, earning yield while underwriting collateral risk in the network. Notably, the flagship application of the Threshold Network is tBTC, which enables the tokenization of Bitcoin for use in decentralized finance (DeFi) applications while preserving privacy and avoiding censorship.
