{
  "url": "https://blockindex.ai/coin/t",
  "name": "Threshold",
  "links": {
    "github": null,
    "website": "https://threshold.network/",
    "whitepaper": null
  },
  "dScore": 36,
  "market": {
    "priceUsd": 0.003532898170120877,
    "marketCapUsd": 39409479.08769838,
    "volume24hUsd": 4741127.08043224,
    "priceChange7dPct": -6.31529285,
    "priceChange24hPct": -4.51295382
  },
  "source": "BlockIndex.AI",
  "supply": {
    "max": 11155000000,
    "circulating": 11155000000,
    "circulatingPct": 100
  },
  "ticker": "T",
  "founder": "N/A",
  "vcFunded": false,
  "updatedAt": "2026-06-19T06:00:31.460343+00:00",
  "fairLaunch": false,
  "launchYear": 2022,
  "description": "Threshold (T) is a consolidated cryptographic services network formed through an on-chain, community-driven merger of Keep Network and NuCypher that completed on January 1, 2022. The merger introduced the T token as a unified utility and governance instrument and aligned the teams and technologies of both predecessor projects to create a single stack for threshold cryptography primitives. Threshold positions itself as foundational infrastructure for trust-minimized cross-chain DeFi and cryptographic services, emphasizing proxy re-encryption, threshold signatures, distributed key generation (DKG), and a random beacon. The project also highlights tBTC as a flagship application designed to bring native Bitcoin liquidity into smart-contract ecosystems without custodial intermediaries.\n\nTechnically, Threshold operates as a network of node operators that coordinate off-chain cryptographic services while an ERC-20 representation of T is used for market interactions and token-based governance on Ethereum. The materials reference TypeScript and JavaScript codebases and describe developer tooling in the form of vending machine contracts and staking adapters to support migration of legacy KEEP and NU holders. While Threshold is not a layer‑1 blockchain in the traditional sense, it provides specialized off‑chain cryptographic coordination and infrastructure that integrates with smart-contract platforms; the token itself is tracked as an ERC‑20 on Ethereum. The project narrative emphasizes security through regular audits (generic references) and a focus on decentralized node operation rather than miner-based issuance.\n\nFrom a use-case perspective, Threshold aims to enable applications that require private, threshold-enabled operations. tBTC is positioned to provide Bitcoin liquidity to DeFi protocols in a custodial‑free manner. Other example applications referenced include RandomBeacon and TACo apps, which leverage Threshold’s primitives for randomness, signing, and encrypted computation. In economic terms, T is used for staking, node operation, participation in the Threshold DAO, and to underwrite collateral risk in coverage pools. The merger narrative and on‑chain governance mechanics were executed via DAO proposals and token-based voting, underscoring that governance and upgrades are intended to be community-driven.\n\nTokenomics in the provided materials show a total and circulating supply of 11,155,000,000 T (reported as 100% circulating in the scraped token stats) and market metrics captured on aggregator pages: a live price snapshot at $0.008989, a market capitalization around $100.27M, a 24‑hour volume near $2.64M, an all‑time high of $0.2245 (2022‑03‑02) and an all‑time low at $0.008487 (2025‑12‑19) in the scraped snapshots. The merger description references an initial supply allocation among NU holders, KEEP holders, and the Threshold DAO; however, the provided inputs do not include precise premine or PIP percentages, emission schedules, or a dated roadmap. Where on‑chain allocations exist, they were executed via governance proposals and migration tooling rather than a traditional ICO.\n\nGovernance is explicitly DAO‑centric: the Threshold DAO is described as the primary governance vehicle, with token-based on‑chain voting used to enact the merger and ongoing decisions. No explicit CEO, corporate entity, or formal foundation is named in the supplied materials; governance and treasury activity are characterized as community‑driven. Infrastructure & services entries in the scrape emphasize Threshold’s role as an infrastructure provider for cryptographic primitives rather than mainstream oracle or bridge services. Several common metadata items were not present in the provided inputs (full node counts, detailed audit reports, explicit GitHub links, chain explorers beyond DEX mode), and those fields remain unpopulated pending further data collection.",
  "methodology": "https://blockindex.ai/dscore",
  "classification": {
    "layer": "Layer 1",
    "isToken": true,
    "consensus": "PoS",
    "parentChain": "ETH"
  },
  "dScoreComponents": {
    "autonomy": 5,
    "ageHistory": 11,
    "governance": 20,
    "nodeDistribution": 0,
    "initialDistribution": 0
  },
  "decentralizationVerdict": "Centralized Leaning"
}