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The native asset of a decentralized finance project (DEFI) challenged the decentralized finance project (DEFI) challenged the Crypto market slots and has skyrocketed more than 55% this week.
The threshold network feeds TBTC, a decentralized wrapped bitcoin that can be used in DEFI ecosystems.
The native token of the project, T, is negotiated at $ 0.0223 at the time of the editorial staff, against $ 0.0143 a week ago. The cryptographic asset classified 236th by market capitalization is also up of almost 48% in the last 24 hours only.
The T -PRICE PROUNDS has largely materialized after the Threshold network announced Thursday that it planned to restructure its decentralized autonomous organization (DAO) to reduce the annual operating costs by around 1.1 million dollars.
Explains the project,
“Added to more than $ 8.5 million in annual savings expected from the elimination of TBTC implementation awards, this opens the way to significant profitability to move forward.
Profitability also allows the DAO to eliminate cash sales of Tets T, which allows it to reinvest strategically in the T toy. The DAO treasure will continue to accumulate TBTC via bridge costs and tokens via buyouts in accordance with TIP-54.
Threshold has already completed its first purchase of around 30 million Tets T for 5.8 TBTC…
Given the close economic connection between T and TBTC, this change should create a virtuous growth cycle, where an increased total locked value (TVL) and the value of the T T, attracting participation and strengthening of the expansion of the ecosystem. »»
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Image generated: Midjourney