Table of Contents
1. Choose a crypto exchange
First things first, you need an exchange that both has Threshold Network Token, and is trustworthy!
You can find our top 3 exchanges for buying Threshold Network Token here, alternatively you can also check our comparison of the best Australian cryptocurrency exchanges if you’re generally interested in seeing which exchanges work for Australians.
2. Sign up with the crypto exchange
Once you’ve chosen your crypto exchange, it’s just a matter of signing up and getting your account verified. Most exchanges have streamlined this process very well so it shouldn’t take long.
3. Fund your account
The next step is to transfer AUD or another cryptocurrency into your account. Most top crypto exchanges offer various payment methods. From bank transfer to PayID, POLi pay and credit cards, it’s very straightforward.
4. Buy Threshold Network Token
And of course, the final step is to find Threshold Network Token on the exchange and buy it. A lot of exchanges offer different ways of buying cryptocurrencies, like market orders and limit orders.
Where to Buy Threshold Network Token (T)
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How to Sell Threshold Network Token
- Sign into the exchange
- Find where you stored your Threshold Network Token, either on a hardware wallet or on the exchange.
- Transfer your Threshold Network Token to the right place on the exchange, it could just be the same wallet or a dedicated trading account.
- Sell Threshold Network Token.
Considerations when looking to buy Threshold Network Token.
The T token (T), will be used to stake, manage the network, and provide governance. It will serve a similar function in terms work performed. Holders will stake their tokens to help secure the network and get rewards.
Both NuCypher's Keep and NuCypher communities will disable their token's inflation with the launch of T. This is likely to happen towards the end of 2018. The network will not reward NU and KEEP holders. NU and KEEP holders can use a smart contract ("the kiosk") to convert their NU or KEEP to T. Token holders who still have NU vesting may use an adapter to replace the kiosk.
Holders of tokens who have their tokens held on an exchange such as Kraken or Coinbase should be aware that there is no guarantee that they will be able swap their tokens with a central exchange. NuCypher will not list T through any exchange. Keep will. Here are instructions for token holders on how to custody their assets.
Like the NuCypher and Keep tokens, T can be used as a work token. It will be distributed according to the number of services a node operator provides. The token will have an inflationary component, as it will reward those who earn both fees and newly minted T.
The community voted on the economics for T. This sets a steady yield rate and aims to achieve a minimum of 10% APY. The token's issuance would fluctuate between 5 and 10%. More rewards will be available for node operators who offer more services or opt-in to them.