The T token is primarily used to stake a node. Node operators receive fees from various applications that rely on the Threshold network’s cryptographic primitives. The T token is also a governance token and users can lock the token in coverage pools to earn yield in exchange for underwriting collateral risk in the network.

Threshold provides a suite of cryptographic building blocks for privacy, access controls, and cross-chain bridges, including: * Proxy re-encryption (PRE) (https://en.wikipedia.org/wiki/Proxy_re-encryption) * Threshold signatures (TSS) (https://academy.binance.com/en/articles/threshold-signatures-explained) * Distributed key generation (DKG) (https://en.wikipedia.org/wiki/Distributed_key_generation) * Random beacon (RB) (https://blog.keep.network/whats-in-a-beacon-12c34b0bc078)

• 10B initial supply
• 4.5B allocated to NU holders
• 4.5B allocated to KEEP holders
• 1B allocated to Threshold DAO