Popular cryptocurrency exchange Coinbase, in a statement Threshold (T) altcoin announced that it has added it to its roadmap to list it.
Also this evening, Coinbase announced that it has added another altcoin, Audius (AUDIO) to its roadmap to list.
Similarly, a sudden upward wave was observed in the price of the Threshold (T) altcoin, like the AUDIO token. At the time of this writing, T rose from $0.24 to around $0.34 and gained approximately 40% in value.
The Threshold (T) altcoin is already listed on major cryptocurrency exchanges such as Binance, OKX, and Bybit.
Coinbase explained the process details for the altcoin added to the listing roadmap as follows:
“On February 6, 2023, at or around 20:00 Turkish time, we will disable trading for NU and KEEP.
Your NU and KEEP funds will continue to be available to you and you will continue to have the ability to withdraw your funds at any time.
On or around 20:00 CEST on January 25, 2023, we will open transfers for T on Coinbase in regions where trading is supported.
Trading for T is expected to begin on January 26, 2023, at or around 20:00 CEST.
If you hold NU/KEEP on Coinbase and want to exchange it to T, you can withdraw your funds to your own wallet (e.g. Coinbase Wallet) and then convert your NU/KEEP tokens to T from the T Network dashboard.”
Asset added to the roadmap today: Threshold (T) https://t.co/rRB9d3hSr2
— Coinbase Assets (@CoinbaseAssets) January 23, 2023
What is Threshold (T) Altcoin?
The Threshold network provides and maintains a set of cryptographic foundations for various dApps. The network is the result of the protocol merger between Keep Network and NuCypher, which was completed with the launch of the T token on January 1, 2022.
Keep and NuCypher are merged into the Threshold Network in a decentralized on-chain merger.
The T token is both a utility token for the Threshold Network and a management token for the Threshold DAO.
The T token is primarily used to stake a node. Node operators charge a variety of applications based on the cryptographic foundations of the Threshold network. The T token is also a management token, and users can lock the token in collateral pools to earn a return on assuming the collateral risk in the network.
*Not investment advice.
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