Threshold

What is the token?

Threshold (T) is a utility token for the Threshold Network, which emerged from the merger of the NuCypher (NU) and Keep Network (KEEP) tokens. The network aims to enhance the security and privacy of blockchain technology through threshold cryptography, allowing operations to be distributed across multiple nodes. This decentralized approach increases security, reduces reliance on trusted parties, and ensures privacy on public blockchains. Threshold’s first significant application is tBTC, a decentralized, wrapped version of Bitcoin on Ethereum, facilitating the use of BTC in Ethereum’s DeFi ecosystem. The network plans to expand its offerings with more cross-chain assets and applications that leverage its threshold cryptographic services.

Tokenomics

• Initial supply:

• 10 billion T tokens

• Initial allocation:

• Allocated to NU holders: 4.5 billion

• Allocated to KEEP holders: 4.5 billion

• Allocated to Threshold DAO: 1 billion

• Uses:

• tBTC Minting

• : Use T tokens to mint tBTC, enabling Bitcoin holders to access Ethereum’s DeFi ecosystem without intermediaries.

• Decentralized Access Control

• : T tokens power TACo for managing access to encrypted data, enhancing dApp privacy and security.

• Staking

• : Stake T tokens to secure the Threshold Network and earn rewards.

• Liquidity Provision

• : Provide liquidity with T tokens to earn yields in the network’s DeFi ecosystem.

• Governance

• : T token holders vote on Threshold DAO proposals, shaping network governance and development.

• Node Operation

• : Stake T tokens to operate decentralized nodes, ensuring network security and decentralization.

• Dual Function

• : T tokens offer both utility for network services and governance rights within the Threshold DAO.

Market Data

As of today #{today’s date}, the price of Threshold is ₹2.15 INR or 0.02325 USD, with a 24-hour trading volume of 5230046.84 USD. The market capitalisation for Threshold is 225896678.65USD. The circulating supply is 9746068928.67 Threshold, with the total supply also being 11035000000 Threshold.

Token Pros and Cons

Pros

• Decentralization and Security

• : Leverages threshold cryptography for enhanced security and decentralized operations.

• Privacy

• : Ensures user privacy on public blockchains through cryptographic protocols.

• Utility and Governance

• : Serves multiple roles within the ecosystem, including staking, governance, and as a utility token for services.

• Cross-chain Functionality

• : tBTC application facilitates the use of Bitcoin in Ethereum’s DeFi, showcasing the network’s cross-chain capabilities.

• Community-Driven

• : Governed by the Threshold DAO, allowing T token holders to participate in decision-making processes.

Cons

• Complexity

• : The advanced cryptographic and technical nature may be challenging for average users to understand.

• Market Volatility

• : Like all cryptocurrencies, T tokens are subject to market volatility.

• Regulatory Uncertainty

• : The evolving regulatory landscape for cryptocurrencies could impact the network’s operations or token value.

• Adoption Rate

• : The success of the network heavily depends on the adoption rate of its applications and services.

• Competition

• : Faces competition from other blockchain security and privacy solutions.

Why Should You Invest in the coin?

• Innovative Security Solutions

• : Threshold’s use of threshold cryptography addresses critical blockchain security and privacy issues.

• Growing DeFi Ecosystem

• : Participation in the expanding DeFi market through tBTC and potential future cross-chain assets.

• Active Community and Governance

• : Opportunity to be part of a community-driven project with a say in governance through the DAO.

• Potential for Appreciation

• : As the network develops and adopts more applications, the demand and value of T tokens could increase.

• First-Mover Advantage

• : As one of the first to implement threshold cryptography in a decentralized network, Threshold may benefit from the first-mover advantage.

USP of the coin

• Threshold Cryptography

• : Unique implementation of threshold cryptography for decentralized security and privacy.

• Cross-chain Capabilities

• : Facilitates the use of Bitcoin on Ethereum, showcasing its potential for bridging assets across blockchains.

• Community Governance

• : The Threshold DAO empowers token holders with governance rights, distinguishing it from centralized networks.

Problem the coin is solving

Threshold addresses the critical issue of privacy and security on public blockchains. By leveraging threshold cryptography, it ensures that operations can be securely distributed across multiple nodes without a single point of failure, enhancing both security and privacy for blockchain applications.

Founder and team background

MacLane Wilkison is a co-founder of NuCypher and is associated with the establishment of the Threshold Network, which emerged from the merger of Keep Network and NuCypher. The Threshold Network focuses on threshold cryptography to enhance blockchain privacy and security. The team behind Threshold likely includes experts in cryptography and blockchain technology, driven by the goal of advancing secure and private infrastructure for decentralized applications.

ICO Price

• The Threshold Network did not have a traditional ICO; instead, it was launched through an on-chain merger of the Keep Network and NuCypher.

• The initial total supply of T tokens is 10 billion.

• 4.5 billion T tokens were allocated to NU (NuCypher) holders.

• 4.5 billion T tokens were allocated to KEEP (Keep Network) holders.

• 1 billion T tokens were allocated to the Threshold DAO.

• The conversion ratios for NU and KEEP tokens to T tokens were approximately 1 NU: ~3.26 T and 1 KEEP: ~4.78 T, respectively. These conversion ratios were based on the total supply rather than the price of the tokens.

• Listing Date

• : The Threshold Network and its T token were launched on January 1, 2022.

Risks Associated in Investing in the Coin

• Technical Complexity

• : The complex nature of threshold cryptography might hinder widespread adoption.

• Regulatory Risks

• : Changes in cryptocurrency regulations could adversely affect the project.

• Competition

• : The project faces competition from other privacy and security-focused blockchain projects.

• Dependency on Ecosystem Growth

• : The value of T tokens is closely tied to the adoption and growth of the Threshold ecosystem.

• Market Volatility

• : Cryptocurrency markets are highly volatile, which could lead to significant price fluctuations.

Whitepaper Insights

The Threshold Network aims to revolutionize blockchain privacy and security through the innovative use of threshold cryptography. This approach allows for cryptographic operations to be distributed across multiple participants in the network, requiring a predefined minimum number (Threshold) of participants to agree before any operation can be executed. This method significantly enhances security and resilience against attacks, as compromising the system would require breaching multiple nodes simultaneously.

Key Components and Features

• Threshold Cryptography

• : At the heart of the Threshold Network is its use of threshold cryptography to secure transactions and data. This technology enables more secure and private digital interactions by distributing trust among multiple parties.

• tBTC

• : A flagship application of the Threshold Network, tBTC serves as a bridge between Bitcoin and Ethereum blockchains, allowing Bitcoin holders to participate in the Ethereum-based DeFi ecosystem without sacrificing security or decentralization.

• Decentralized Governance

• : The Threshold Network is governed by a decentralized autonomous organization (DAO), where T token holders have the power to vote on proposals and influence the direction of the project. This ensures that the network remains aligned with the interests of its community.

• Tokenomics

• : The T token plays a central role in the Threshold Network, serving both as a utility token within the network’s ecosystem and as a means for participating in governance. The whitepaper likely details the distribution, allocation, and mechanisms designed to incentivize participation and secure the network.

Objectives and Vision

The Threshold Network seeks to address some of the most pressing challenges in the blockchain space, including privacy concerns, security vulnerabilities, and the limitations of cross-chain interoperability. By leveraging threshold cryptography and fostering a community-driven governance model, Threshold aims to create a more secure, private, and user-friendly blockchain ecosystem.

Challenges and Solutions

The whitepaper likely discusses various challenges faced by the blockchain industry, such as scalability issues, privacy concerns, and the risk of centralization. It then outlines how the Threshold Network’s architecture and protocols offer solutions to these problems, emphasizing the importance of decentralized security mechanisms and cross-chain functionality.

Future Directions

Looking ahead, the Threshold Network aims to expand its suite of applications and services, further enhancing the utility of the T token and strengthening the network’s position within the blockchain ecosystem. The whitepaper concludes with a vision for the future, highlighting upcoming features, potential use cases, and the network’s commitment to innovation and community engagement.