| General information | |
|---|---|
| Global rank: | 192 |
| Name: |
Threshold |
| Symbol: | T |
| Current coin price (SYP): | 324.57 £ |
| Last hour: | arrow_upward1.02 % |
| Last 24 hours: | arrow_downward-4.57 % |
| Last 7 days: | 2.46 %trending_up |
| Capitalisation (SYP): | 3 192 741 781 738.36 £ |
| Volume 24h (SYP): | 88 472 303 090.54 £ |
| Available supply: | 9 836 969 967.00 T |
| Total coin supply: | -1 T |
| Start date: | 2021-12-31 |
Threshold/Syrian Pound (T/SYP) price chart
Threshold/Syrian Pound (T/SYP) capitalisation and volume charts
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.