Threshold Network’s native token just skyrocketed! Pundit XMR-TXN has been incredibly prescient, because it is all the way up to $0.0223 now from just $0.0143 a week ago. The token is on a roll, with its value up over 55% just in the last week. This latest explosion puts it atop the list of cryptocurrency performers. The pandemic-fueled increase perfectly aligned with the Threshold Network’s plans to pivot structurally. These operations/initiatives prioritize efficiency of operations and long-term sustainable growth within the DAO.
The token powers tBTC a decentralized, permissionless wrapped Bitcoin. It served as the native asset for a Bitcoin-focused decentralized finance (DeFi) project. This provides Bitcoin users access to different DeFi ecosystems, widening the utility and accessibility of Bitcoin. At time of writing, Threshold Network’s native token is ranked 236th by mkt cap out of all crypto assets.
In just the past 24 hours, the token has already surged by almost 48%, showing that the market is incredibly bullish for this breakthrough protocol. This wave has coincided almost perfectly with the Threshold Network’s announcement that it is undertaking a strategic realignment of its DAO. The restructuring is estimated to save at least $1.1 million in annual operational cost savings.
A main part of this re-organization includes breaking up treasury sales of Threshold Network’s treasury native token. The DAO’s intent is to strategically reinvest these funds back into the token. With this decision we hope to begin a new positive cycle of growth. We attribute this growth primarily to an increase in Total Value Locked (TVL) and better bridge velocity. Those amenities will attract more entrants and reinforce the ecosystem’s growth to support even more.
