TNSR (Tensor) Token Price & Latest Live Chart

What is TNSR (Tensor)?

TNSR is the native governance token of the Tensor platform, a comprehensive NFT trading ecosystem built on the Solana blockchain. As a critical component of Tensor, TNSR facilitates various operational aspects and incentives within its ecosystem. The inception of TNSR marks a significant milestone in enhancing decentralized governance and engagement within the Tensor community.

Launched in 2021, Tensor quickly established itself as a pivotal player in the Solana NFT landscape with over 70% of all NFT transactions on the network. By mid-2022, it had processed transactions worth over $2 billion, highlighting its dominance and the robust adoption by the community. The launch of TNSR in April 2023 further propelled Tensor’s position, providing a means for community-led governance and decision-making processes similar to other major platforms like Blur.

Tensor as Top Marketplace on Solana, Source: Tiexo

TNSR tokens not only serve as a medium of exchange within the Tensor ecosystem but are also expected to empower holders with voting rights. This governance mechanism allows users to propose, vote on, and implement changes to the platform’s features and future developments. Such a model encourages active participation and continuous evolution of the platform, ensuring it remains aligned with the needs and preferences of its users.

How does TNSR (Tensor) work?

Tensor integrates an Automated Market Maker (AMM) and an NFT marketplace aggregator. This integration allows Tensor to pull together liquidity from various NFT marketplaces across the Solana ecosystem, ensuring users have access to the best prices and opportunities. The AMM feature particularly enhances liquidity provision, crucial for maintaining fluid market conditions and enabling efficient trading.

Tensor's AMM facilitates several advanced trading functionalities, such as bonding curve-based orders and market creation. These features allow for instant sell-side liquidity and bids across entire collections, significantly enhancing the trading experience. For sellers, this means the ability to quickly liquidate NFTs without waiting for a buyer, thus mitigating risks associated with price undercutting by other sellers.

The platform supports sophisticated bidding systems where users can set limit orders for purchasing NFTs, including options to automatically decrease bid prices as sales occur. This system is particularly advantageous for buying NFTs based on specific traits, such as rarity, enabling collectors to strategically acquire desirable assets. Sellers benefit from similar functionalities, using ladders to incrementally increase selling prices post each sale, maximizing their returns.

Bidding systems on Tensor, Source: Tensor website

TNSR (Tensor) market price & tokenomics

The total supply of TNSR tokens is capped at 1 billion, with a significant portion earmarked for community incentives. Approximately 55% of the total supply is dedicated to the Tensor community through mechanisms like airdrops, grants, and liquidity provisioning programs. Seasonal reward programs and special events, such as the release of treasure boxes containing TNSR tokens, play a critical role in engaging and rewarding active community members.

TNSR’s Distribution, Source: TNSR whitepaper

The tokenomics structure is designed to foster long-term sustainability and growth, with strategic allocations to support ongoing development and community engagement. As of now, TNSR (Tensor) is ranked #391 by CoinMarketCap with market capitalization of $122,698,516 USD. The current circulating supply of TNSR coins is 125,000,000 .

Why do you invest in TNSR (Tensor)?

Investing in TNSR offers access to a robust and rapidly growing ecosystem within the Solana blockchain. The governance aspect of TNSR not only empowers investors with decision-making capabilities but also aligns their interests with the long-term success of the platform. Furthermore, the continuous development and introduction of innovative features provide a dynamic investment opportunity in the burgeoning NFT market.

Is TNSR (Tensor) a good Investment?

The potential for TNSR as an investment hinges on several factors including its utility, community engagement, and the growth trajectory of the Tensor platform. Given its central role in governance and operations within Tensor, coupled with the platform’s market dominance and innovative features, TNSR presents itself as a compelling investment opportunity for those looking to engage with advanced NFT trading and decentralized governance.

Find out more about TNSR (Tensor):

• Homepage

• Explorer: Solscan

• Whitepaper