Tensor (TNSR) is an NFT marketplace built on the Solana blockchain. Launched in July 2022, it quickly gained popularity for its fast and user-friendly trading experience, becoming the largest NFT marketplace on Solana. The TNSR token is the native cryptocurrency of the Tensor platform and offers various benefits and discounts on the marketplace. The value of TNSR is tied to the health of the Solana NFT market, and its performance depends on the broader cryptocurrency market and Solana NFT sales volume. As a new and highly volatile cryptocurrency, the suitability of TNSR as an investment depends on an individual's risk tolerance and investment goals.
Characteristics | Values |
---|---|
Current Price | $0.3277-$0.401194 |
Market Capitalization | $50,149,278-$116,390,784 |
Circulating Supply | 125,000,000 TNSR |
Total Supply | 1,000,000,000 TNSR |
24-hour trading volume | $15,020,843-$16,022,801 |
24-hour price increase | 2.44%-3.47% |
CoinMarketCap ranking | #553 |
CoinMarketCap trading volume rank | #146 |
CoinGecko trading volume rank | #224 |
CoinGecko market cap rank | #654 |
CoinGecko fully diluted valuation rank | #426 |
CoinGecko price increase in the past 7 days | 13.20% |
ROI | N/A |
Risk | High |
What You'll Learn
Tensor's NFT marketplace
Tensor (TNSR) is an NFT marketplace built on the Solana blockchain. It was launched in July 2022 and quickly gained popularity for its fast transaction speeds and user-friendly experience, attracting both professional traders and casual collectors.
The Tensor NFT marketplace offers deep liquidity across a vast collection of NFTs, real-time updates, and unique financial instruments for advanced trading. Creators can also use the platform to manage and launch their own NFTs.
The TNSR token is native to the Tensor platform and has several use cases:
- Governance: TNSR holders can vote on proposals that influence the platform's future direction.
- Transaction Fees: Users receive discounts on trading fees when using TNSR.
- Incentives: The community can earn rewards through their participation in the Tensor ecosystem.
As of May 2nd, 2024, the TNSR token had a current price of $0.9311, with a market capitalization of $116,390,784. The token's price, market value, and available supply may fluctuate over time.
The Tensor NFT marketplace has become the most popular on Solana, overtaking Magic Eden. Tensor captures a significant chunk of the daily Solana NFT trading volume, estimated at between 60% and 70%. This makes Tensor the largest NFT marketplace on the Solana blockchain.
Whether Tensor (TNSR) is a good investment depends on your risk tolerance and investment goals. As with any cryptocurrency, there are risks associated with investing in TNSR due to its highly volatile nature. It is important to conduct your own research and understand the Tensor project thoroughly before considering investing.
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TNSR token
Tensor (TNSR) is the native token of the Tensor platform, an NFT marketplace built on the Solana blockchain. It launched in July 2022 and quickly gained popularity for its fast and user-friendly NFT trading experience, attracting both professional traders and casual collectors.
The TNSR token plays a crucial role in the Tensor ecosystem. Here are some key points about TNSR:
- Governance: TNSR holders can participate in governance by voting on proposals that influence the platform's future direction.
- Transaction Fees: Users who pay with TNSR receive discounts on trading fees within the Tensor marketplace.
- Incentives: The Tensor community can earn rewards through various participation and incentive programs.
- Open-Source Technology: TNSR leverages open-source technology, potentially benefiting from a broader developer community and reduced licensing costs.
As of September 2024, the live Tensor price is around $0.40 USD, with a 24-hour trading volume of approximately $15 million USD. It has a circulating supply of 125 million TNSR tokens out of a total supply of 1 billion. The current market capitalization is about $50 million USD, and it is ranked within the top 600 cryptocurrencies by market cap.
When considering investing in TNSR, it's important to remember that it is a highly volatile cryptocurrency. As with any investment, it's essential to conduct thorough research and understand the risks and potential rewards before making any decisions. The value of TNSR is closely tied to the health of the Solana NFT market, and its price can be significantly impacted by changes in demand for Solana NFTs.
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TNSR tokenomics
TNSR is the native token of the Tensor platform, an NFT marketplace built on the Solana blockchain. TNSR plays a key role in various aspects of the Tensor ecosystem, including governance, transaction fees, and incentives for the community.
The TNSR token is used for discounts and benefits on the Tensor marketplace. As of May 2, 2024, the token's price was $0.9311, with a market capitalization of $116,390,784. The total supply is 1,000,000,000 TNSR, while the circulating supply is 125,000,000 TNSR.
The initial distribution of TNSR tokens is as follows:
- 12.5% initial airdrop
- 42.5% community treasury
- 27% core contributors
- 9% investors and consultants
- 9% future fundraising and development reserves
TNSR token holders can vote on proposals that influence the platform's future direction and growth. Additionally, users who transact using TNSR receive discounts on trading fees. The community can also earn rewards through participation in the Tensor ecosystem.
The value of TNSR is closely tied to the health of the Solana NFT market. As such, any decline in interest in Solana NFTs could negatively impact the demand and price of TNSR. Therefore, it is important for potential investors to carefully consider their risk tolerance and goals before deciding whether to invest in TNSR.
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TNSR's value and demand
The value and demand for TNSR tokens are influenced by several factors, including the performance and growth of the Tensor platform, market conditions, and the broader economic context.
Tensor Platform Performance and Growth:
- Transaction Speeds and User Experience: Tensor has gained recognition for its fast transaction speeds and user-friendly experience, attracting a large user base. This positive reputation can increase the demand for TNSR tokens as more people use the platform.
- Governance: TNSR tokens provide holders with voting rights on decisions regarding the Tensor platform's development and operations. As the platform evolves and introduces new features, the value of TNSR tokens may increase due to their role in governance.
- Incentives and Discounts: TNSR tokens offer benefits such as discounts on transaction fees and the ability to earn rewards through participation in the Tensor ecosystem. These incentives can drive demand for the tokens.
Market Conditions:
- NFT Market Dynamics: The demand for TNSR tokens is closely tied to the health and trends of the Solana NFT market. If interest in Solana NFTs increases, it could positively impact the demand and price of TNSR tokens. However, a decline in the Solana NFT market may negatively affect TNSR's value.
- Competitive Landscape: The emergence of new NFT marketplaces or improvements by competing platforms can impact Tensor's market share and, consequently, the demand for TNSR tokens.
- Token Utility and Incentives: The extent to which TNSR tokens are used for governance and the influence token holders have can affect their perceived value. If token holders actively participate in governance and have a significant impact on platform decisions, it could increase the demand for TNSR tokens.
- Technical Developments and Updates: Updates that improve the user experience or introduce new features on the Tensor platform can increase demand for TNSR tokens.
- Market Sentiment and Speculation: The general sentiment towards the crypto market, NFTs, and the Solana blockchain can influence the demand for TNSR tokens. Positive market sentiment and bullish trends may drive up demand, while bearish markets and negative sentiment may decrease it.
Economic Context:
- Economic Cycles: Economic cycles, such as bull or bear markets, can influence the demand for TNSR tokens. In a bull market, investors may be more willing to take on riskier assets, including cryptocurrencies. In contrast, a bear market may lead to reduced risk appetite and lower demand for crypto assets.
- Interest Rates and Monetary Policy: Central bank decisions on interest rates and monetary policy can impact the demand for riskier assets. For example, if central banks raise interest rates, investors may shift their focus to less risky investments, reducing the demand for TNSR tokens.
- Macroeconomic Factors: Broader economic factors, such as inflation, economic growth, and geopolitical events, can also influence the demand for TNSR tokens. During times of economic uncertainty, investors may be more cautious and reduce their exposure to risky assets.
In summary, the value and demand for TNSR tokens are influenced by a combination of factors related to the performance and growth of the Tensor platform, market conditions within the crypto and NFT space, and the broader economic context. Investors should carefully consider these factors and conduct thorough research before making any investment decisions.
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TNSR's risks and potential rewards
TNSRs, or Tensor, is a leading NFT marketplace built on the Solana blockchain. It was launched in July 2022 and quickly gained popularity for its fast and user-friendly NFT trading experience.
Potential Rewards
Using TNSR for transactions on the Tensor marketplace can get you a discount on protocol fees. As the native token of the Tensor platform, TNSR plays a key role in various aspects of Tensor, including governance, transaction fees, and incentives. The more users and functionalities Tensor attracts, the more valuable TNSR becomes.
Risks
As a new crypto, TNSR has a shorter history than established cryptocurrencies. Its value is also tied to the health of the Solana NFT market. If interest in Solana NFTs wanes, it could negatively impact TNSR's demand and price. Additionally, cryptocurrency is highly volatile and therefore may not be suitable for all investors.
Whether TNSR is a good investment depends on your risk tolerance and investment goals. It is important to conduct your own research and understand the risks and potential rewards before investing in any cryptocurrency.
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Frequently asked questions
Tensor is an NFT marketplace built on the Solana blockchain. It was launched in July 2022 and has since gained popularity for its fast transaction speeds and user-friendly experience.
TNSR is the native token of the Tensor platform. It is used for governance, transaction fees, and incentives within the Tensor ecosystem.
The answer depends on your risk tolerance and investment goals. Tensor is a highly volatile cryptocurrency, so it may not be suitable for all investors. It is important to conduct thorough research before investing in any cryptocurrency.
You can buy Tensor from cryptocurrency exchanges such as Binance, BTCC, Bybit, 4E, Hotcoin, Bitpanda, Kraken, and Coinbase, among others.
As of September 2024, the price of Tensor ranged from $0.3277 to $0.401194 USD. The price of Tensor, like any cryptocurrency, can fluctuate and is influenced by various factors.