{
 "id": "threshold-network-token",
 "symbol": "T",
 "name": "Threshold Network",
 "archetype": "Infrastructure",
 "archetype_reason": "category match: 'cross-chain communication'",
 "contract": {
  "chain": "ethereum",
  "address": "0xcdf7028ceab81fa0c6971208e83fa7872994bee5"
 },
 "price": {
  "price_usd": 0.00492126,
  "ath_usd": 0.226934,
  "ath_date": "2022-03-02T08:36:02.983Z",
  "market_cap": 54890547,
  "volume_24h": 85038181,
  "price_chg_30d_pct": 26.9669,
  "price_chg_60d_pct": -18.03574,
  "price_chg_200d_pct": -44.44032,
  "coingecko_url": "https://www.coingecko.com/en/coins/threshold-network-token"
 },
 "provenance": {
  "batch_date": "2026-07-14",
  "bagcheck_version": "0.17.1",
  "snapshot_id": "2026-07-14 v16",
  "label": "scored monthly \u00b7 batch of 2026-07-14"
 },
 "refused": false,
 "reclaim": {
  "severity": "NEAR-TOTAL LOSS",
  "line": "Down 98% from ATH \u2014 reclaiming it needs 46.1\u00d7 from here. Historically ~3% of assets this deep reclaim ATH within 3y.",
  "drawdown_pct": 97.8,
  "reclaim_multiple": 46.1,
  "base_rate_label": "down 95%+",
  "base_rate": 0.03,
  "base_rate_provisional": true,
  "break_even_note": "Break-even to ATH needs 46.1\u00d7. (Pass --entry for break-even to your cost basis.)"
 },
 "structure": {
  "alive_score": 57.4,
  "aliveness": "WEAKENING",
  "aliveness_note": "Multiple systems weakening; the project is in decline.",
  "mechanical_aliveness": "STRAINED",
  "band_capped": true,
  "confidence": "HIGH",
  "confidence_detail": "measuring 6 of 6 factors (100% of the weight that matters for a Infrastructure asset)"
 },
 "bottom_line": "Down 98%, aliveness reads WEAKENING. Being functional is not recovery \u2014 the reclaim base rate is ~3%.",
 "factors": [
  {
   "factor": "solvency",
   "label": "Structural solvency / liveness",
   "weight": 0.22,
   "status": "measured",
   "score": 33.3,
   "detail": "0 commits/4wk, 0 contributors, last commit 0d ago \u2014 development is slowing.",
   "note": ""
  },
  {
   "factor": "conviction",
   "label": "Holder conviction & overhead supply",
   "weight": 0.18,
   "status": "measured",
   "score": 66.8,
   "detail": "holders +160/30d (+1.7%, Bin 8/10 vs 114 Infrastructure peers), concentration HHI 0.119 (Bin 5/10 vs 64 Infrastructure peers) \u2014 holders are accumulating against the drawdown. [Infrastructure bins, provisional]",
   "note": ""
  },
  {
   "factor": "liquidity",
   "label": "Liquidity / exitability",
   "weight": 0.18,
   "status": "measured",
   "score": 95.0,
   "detail": "$85,038,181/24h (Bin 10/10 vs 155 Infrastructure peers), 154.92% turnover (Bin 10/10) \u2014 tradeable.",
   "note": ""
  },
  {
   "factor": "usage",
   "label": "Usage / demand",
   "weight": 0.2,
   "status": "measured",
   "score": 37.0,
   "detail": "61 active addresses/day (Bin 5/10 vs 51 Infrastructure peers), 30d trend -21.3% (Bin 3/10 vs 34 Infrastructure peers), data lagged 31d (provider tier) \u2014 usage is holding. [Infrastructure bins, provisional]",
   "note": ""
  },
  {
   "factor": "supply",
   "label": "Supply overhang & emissions",
   "weight": 0.12,
   "status": "measured",
   "score": 55,
   "detail": "100% of supply circulating (Bin 10/10 vs 156 Infrastructure peers), FDV/MC 1.0x (Bin 10/10), no max supply \u2014 meaningful dilution still to come \u2014 uncapped supply (perpetual emission risk, capped).",
   "note": ""
  },
  {
   "factor": "strength",
   "label": "Relative strength / narrative",
   "weight": 0.1,
   "status": "measured",
   "score": 70.0,
   "detail": "30d +27% (Bin 10/10 vs 156 Infrastructure peers), 200d -44% (Bin 5/10) \u2014 outperforming its peer group.",
   "note": ""
  }
 ],
 "warnings": [
  "Base rate is PROVISIONAL (placeholder, not yet calibrated). Directional only."
 ]
}