What is Threshold (T)? How does it work?

BtcTurk | Kripto
2 min readJan 27, 2023

Threshold (T) is a community-driven network created by the on-chain consolidation of the Keep Network and NuCypher decentralized networks. Threshold (T) was developed by Matt Luongo, MacLane Wilkinson and Michael Egorov, founders of the Keep Network and NuCypher projects. Threshold claims that it offers alternatives for users to keep their assets securely and protect the privacy. Threshold’s native token is T. In this article, you can find answers to the questions of what is Threshold (T), how does Threshold (T) work, how to buy Threshold (T) and how to trade T/TRY and T/USDT trading pairs.

Topics you will read in this article;

What is Threshold (T)?

How Does Threshold (T) Work?

How to Store Threshold (T)?

How to Buy and Sell Threshold (T)?

What is Threshold (T)? How does it work?

Threshold was created by the merger of the Keep Network and NuCypher projects. Threshold uses Keep Network’s infrastructure and NuCypher’s privacy tools. Threshold states that it prioritizes privacy and security. The Threshold project claims that it aim to provide access and manage encrypted data with smart contracts. Project developers can create decentralized applications in many areas with the Threshold network.

Threshold’s native token is T. The T token is used to stake nodes in the network and give token holders a say in the network. T token holders have the right to vote on decisions to be taken for the management of the Threshold network.

The total supply of T is limited to 10,000,000,000 units.

NuCypher (NU) and Keep Network (KEEP) investors can convert their crypto assets into T via Threshold contract.

The conversion rate is as follows:

1NU = 3.26T
1KEEP = 4.78T

The NuCypher (NU) project, which is listed on BtcTurk | PRO, announced last year that they would merge with the Keep Network (KEEP) project to become Threshold (T). As NuCypher (NU) will not meet the listing criteria in the near future, the NuCypher (NU) project will be delisted from the BtcTurk | PRO.

After the specified period, BtcTurk will convert the NU assets of our users who still have NuCypher (NU) in their account to T. NU-T conversion will be done with the ratio 1NU = 3.26T.

You can find the rate details announced by Threshold (T) at https://blog.threshold.network/threshold-launch/.

You can reach Threshold’s website from https://threshold.network/

How to Store Threshold (T)?

Threshold’s native token T, created by the merger of the Keep Network and NuCypher projects, is an ERC-20 based token. You can manage your T balances with desktop, mobile and hardware wallets that support ERC-20 based Ethereum assets.

How to Buy and Sell Threshold (T)?

You can use the BtcTurk | PRO mobile application or website to buy and sell Threshold (T) with Turkish lira and Tether. If you are not a member of BtcTurk, you can become a member immediately from our website or mobile application and start trading Threshold (T) by sending Turkish lira 24/7 with 7 contracted banks.

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