What is Threshold (T)? How To Buy Threshold Token In India?

What is Threshold (T)?

Threshold is a network that maintains a suite of cryptographic primitives that are required by dApps for making their security robust. The platform was a result of the merge between NyCypher and the Keep network.Threshold offers a truly decentralized bridge between Bitcoin and Ethereum. Users can move their BTC by using the tBridge – Threshold’s flagship dApp. Users can also swap their Nu and Keep tokens with Threshold’s native token ‘T’. 

The native token of Threshold also allows users to exercise their governance rights. In order to do that, a user needs to convert or swap their Nu or Keep token to ‘T’. 

Besides making DeFi truly accessible for BTC and ETH crypto holders, Threshold also offers a range of active dApps for both Nu and Keep token holders. 

WHO ARE THE FOUNDERS OF THRESHOLD (T)?

Threshold was developed and launched as a result of NuCypher and the Keep network. The platform is developed and managed by both the teams. The CTO of Threshold is David Nuñez.

In addition to this, the platform is governed by the token holders who are a part of the ThresholdDAO. 

HOW DOES THRESHOLD (T) WORK?

Threshold uses a special native cryptographic method called Threshold system that keeps users’ funds safe. The system generates a public key and a private key for the user to access funds. Keep token holders can move their tokens to Threshold and receive T-ETH for adding liquidity. Users who hold Nu or Keep tokens can choose to opt for Legacy token holder upgrade which basically allows the token holders to convert their tokens to T. 

WHAT MAKES THRESHOLD (T) UNIQUE USE CASES?

tBTC bridge: Users can move their BTC holdings through the tBTC bridge to Ethereum. This opens up a range of opportunities in DeFi. To move BTC from Bitcoin native wallets a minimum of 0.01 BTC is required. Users can move their BTC from Threshold only after a tenure of 3 – 6 months.

ThresholdDAO: ThresholdDAO consists of three important groups: Token Holder DAO, Staker DAO, and the Elected Council. These bodies have similar functions. Each of them have functions that are co-related. 

DeFi on Threshold: Users can move their Nu and Keep tokens to Threshold. Further, users can swap these tokens for T or can stake their tokens using Threshold staking contract. Users can even stake tBTC to receive monthly T rewards. 

THRESHOLD (T) PRICE ANALYSIS

Source: Tradingview

The buying price of Threshold (T) at the time of writing was  ₹3.11. The 24 hour low was at  ₹ 3 and the 24 hour high was  ₹3.77.  The Relative Strength Index of T is 48.51 indicating a hallway for a potential chance of appreciation of T. The 200 day Simple Moving Average of the token is ₹ 2. The volatility percentage of Threshold (T) stood at 35.93%..

HOW TO BUY Threshold (T) TOKEN IN INDIA?

If you are looking to buy Threshold (T) token in India, CoinDCX can be the best-suited place. Being India’s leading crypto exchange, CoinDCX is also one of the best Bitcoin and crypto apps for beginners. To begin with, all you have to do is,

• Download the CoinDCX App on your smartphone
• Enter the details required for registration 
• Complete KYC 
• Once your profile is verified, fund your CoinDCX wallet and buy Threshold (T)

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