Threshold Network Token price

in USD
$0.015600
+$0.000100000 (+0.64%)
USDUSD
Market cap
$158.23M
Circulating supply
10.13B / 11.16B
All-time high
$0.16900
24h volume
$5.19M
USDUSD
TT

About Threshold Network Token

Infrastructure
Official website
Github
Block explorer
CertiK
Last audit: 20 Nov 2021, (UTC+8)

Threshold Network Token’s price performance

3 months
+12.31%
$0.013890
30 days
+6.48%
$0.014650
7 days
-1.33%
$0.015810
Today
+0.64%
$0.015500
71%
Buying
Updated hourly.
More people are buying T than selling on OKX

Threshold Network Token on socials

JJ
JJ
Only one has raised ZERO venture capital.
CoinGecko
CoinGecko
$TON, $ONDO, and $TAO drew the most eyeballs on CoinGecko today 👀 Do you hold any of them?
Show original
6.77K
70
Sui
Sui
24 hours after @TheTNetwork’s launch on Sui, tBTC is almost at 1M TVL.
Threshold Network ✜
Threshold Network ✜
1/4 Almost 24 hours after the @SuiNetwork launch, tBTC (@tBTC_project) is seeing great numbers with our partners from @bluefinapp and @AlphaLendSui, here's the full detail 👇
Show original
31.78K
437
Bluefin
Bluefin
Congratulations to @TheTNetwork on the launch of tBTC on Sui! We are proud to be a launch partner and are excited to work together to grow BTCFi on Sui. Deposit now:
Threshold Network ✜
Threshold Network ✜
tBTC is now live on @SuiNetwork 🌊 1/8 Sub-second finality meets decentralized Bitcoin Onchain. Here’s why this changes everything for Bitcoin utility 🧵👇
Show original
6.49K
74

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Threshold Network Token FAQ

Currently, one Threshold Network Token is worth $0.015600. For answers and insight into Threshold Network Token's price action, you're in the right place. Explore the latest Threshold Network Token charts and trade responsibly with OKX.
Cryptocurrencies, such as Threshold Network Token, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Threshold Network Token have been created as well.
Check out our Threshold Network Token price prediction page to forecast future prices and determine your price targets.

Dive deeper into Threshold Network Token

While the blockchain industry has strived to enhance security beyond traditional finance, cybercriminals have evolved to target blockchain-based systems. Users often entrust their private data to access decentralized apps (DApps), which are stored in vulnerable data repositories. Unfortunately, malicious actors relentlessly seek ways to breach these repositories. To counteract this, Threshold Network Token (T) has emerged, aiming to address this issue through innovative threshold cryptography. This groundbreaking technology seeks to enhance user privacy significantly and safeguard sensitive information.

What is Threshold Network Token?

Threshold Network Token (T) represents a project that offers a range of cryptographic tools utilized by various DApps. The creation of the network occurred on January 1, 2022, as Keep Network and NuCypher concluded their merger, culminating in the birth of Threshold Network alongside its T token.

The launch of T was a direct response to the escalating concerns over data privacy spurred by a series of blockchain vulnerabilities. To tackle this issue, Threshold Network pursues a decentralized and community-driven approach through its Threshold decentralized autonomous organization (DAO).

The Threshold Network Token team

The inception of Threshold Network Token took place in January 2022 through an on-chain merger involving NuCypher and Keep Network. This merger, bringing together two decentralized networks, led to forming a united decentralized team under the umbrella of Threshold DAO.

To oversee the entire network, the DAO operates through three core components. First is the StakerDAO, which assumes responsibility for crucial decision-making within the project. Stakers, those who run decentralized nodes that validate transactions and maintain the network's operation, hold significant influence through their staked T tokens—the more tokens staked, the greater the voting power.

Next, TokenHolderDAO manages the project's treasury and token issuance. Additionally, this DAO has the authority to veto proposals from the StakerDAO, enhancing accountability measures. Lastly, the Elected Council comprises representatives from both Keep and NuCypher. These council members play a role in determining staker rewards and hold the power to veto proposals from the other two DAOs.

How does Threshold Network Token work?

Threshold Network Token leverages threshold cryptography to assign sensitive operations to multiple independent entities. Fundamentally, a predefined minimum number of these entities must cooperate to execute any operation successfully. Unlike centralized platforms, where a single entity handles all tasks, potentially leading to adverse outcomes, Threshold Network distributes responsibilities among various entities, ensuring collaborative decision-making and reducing the risk of undue influence.

T: Threshold Network Token’s native token

Threshold Network Token introduces its native cryptocurrency, aptly named "T." This Ethereum-based token launched on February 24, 2022. The project's team established a maximum supply of 10 billion T tokens. As of July 2023, 88.48% is circulating, amounting to 8.84 billion T tokens. Within Threshold's ecosystem, the T token serves the dual roles of a utility token and a governance token for its DAO.

Threshold Network Token use cases

The primary purpose of the T token is to stake nodes. Node operators earn fees from apps that utilize Threshold Network's cryptographic primitives. Additionally, the token functions as a governance token. Users can lock it in coverage pools, gaining voting rights. Through voting, users collaborate to decide the project's trajectory and upcoming endeavors.

T token distribution

Threshold Network Token distributed its T tokens according to the following breakdown:

  • 45% of T tokens were assigned to NU holders.
  • 45% of T tokens were designated for KEEP holders.
  • 10% of the tokens were directed to the Threshold DAO.

Disclaimer

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Market cap
$158.23M
Circulating supply
10.13B / 11.16B
All-time high
$0.16900
24h volume
$5.19M
USDUSD
TT
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