The Threshold Network Token (T) is the utility and governance token of the Threshold Network, resulting from the merger of Keep Network and NuCypher. It serves as a utility token for staking nodes and earning fees, while also acting as a governance token within the Threshold DAO. T token holders can participate in coverage pools, earn yield, and underwrite collateral risk. The Threshold Network provides cryptographic primitives for decentralized applications, with tBTC being its flagship application for tokenizing Bitcoin in DeFi while maintaining privacy and avoiding censorship.