Tensor (TNSR) is a prominent NFT marketplace built on the Solana blockchain, designed to cater to both NFT investors and professional collectors. Launched in 2022 by Ilja Moisejevs and Richard Wu, Tensor offers advanced features like Price Lock and Shared Escrow, positioning itself as a key player in the decentralized NFT trading space.
Key Features of Tensor
- NFT Marketplace: Supports over 30,000 collections on Solana.
- Tensor Swap: An automated NFT liquidity protocol (AMM) with advanced order types.
- Price Lock: Allows users to hedge NFT prices via long/short positions.
- TNSR Token: Governance token enabling fee discounts (25%) and DAO participation.
TNSR Tokenomics
- Total Supply: 1 billion TNSR.
- Circulating Supply: 125 million (as of June 2024).
Distribution:
- Community: 55% (550 million TNSR, including airdrops).
- Core Team: 27%.
- Investors: 9%.
- Reserve Fund: 9%.
Price Performance
- Current Price (June 2024): $0.81.
- All-Time High: $2.23 (April 2024).
- All-Time Low: $0.7463 (May 2024).
Where to Buy TNSR?
TNSR is listed on major exchanges like:
- Binance
- OKX
- Gate.io
- Bybit
How to Purchase?
- Sign Up: Create an account on a supported exchange.
- Deposit Funds: Transfer USD, USDT, or other supported currencies.
- Trade: Use TNSR/USDT or TNSR/BTC pairs to buy tokens.
- Store: Secure your TNSR in a non-custodial wallet.
Future Outlook
Analysts predict TNSR’s value may rise with Tensor’s growing user base and innovative features like YOLO Buy and Shared Escrow. However, market volatility and NFT adoption trends remain key factors.
FAQs
Q: What is Tensor Price Lock?
A: A feature that fixes NFT prices for 7 days, enabling hedging strategies.
Q: How does TNSR governance work?
A: Holders vote on platform upgrades via Tensor DAO.
Q: Is TNSR a good investment?
A: While promising, always assess market risks and project developments.