Threshold Network’s Token Surges Amid DAO Restructuring
- The native token of Threshold Network, T, rose over 55% this week.
- T is currently trading at $0.0223, up from $0.0143 a week ago.
- The token ranks as the 236th largest crypto asset by market cap.
- A restructuring plan aims to cut DAO operational costs by $1.1 million annually.
- Eliminating tBTC staking rewards could save more than $8.5 million per year.
- Threshold completed a buyback of ~30 million T tokens for 5.8 tBTC.
The Threshold Network’s native token, T, has experienced a significant price increase, climbing over 55% in a week to $0.0223. This surge follows the announcement of a DAO restructuring plan aimed at reducing costs and enhancing profitability by eliminating certain rewards and executing strategic buybacks.
Source (2.6)https://dailyhodl.com/2025/04/19/native-asset-of-bitcoin-defi-project-surges-by-more-than-55-this-week-amid-new-token-buyback/?rand=59076
