Threshold Network announced a network restructuring plan and will strategically reinvest through a T token buyback

PANews reported on April 18 that, according to Chainwire, Threshold Network announced a network restructuring plan and will strategically reinvest through T token buybacks. The program aims to improve cost-effectiveness by cutting annual operating expenses, halting treasury sales of T tokens, and through targeted buybacks of accumulated T tokens. Threshold DAO’s vault will also continue to accumulate tBTC through bridge fees and T tokens through buybacks. Mr Threshold said the restructuring had improved the financial position of the agreement. It reduced annual operating costs by approximately $1.1 million and brought the total cost of governance and contributor roles down to $602,000 per year. In addition, the removal of tBTC staking rewards is expected to result in annual savings of more than $8.5 million. Threshold has completed the initial purchase of about 30 million T tokens, spending 5.8 tBTC. Currently, there are about 420 million T tokens used for governance and multisig, which is about $7 million at current market value. In addition, there are $8 million to $9 million in reserve assets (tBTC, ETH and stablecoins) that can guarantee operation for 2-3 years.