Tensor Token (TNSR) is a cryptocurrency that plays a key role in the Tensor Protocol on the Solana blockchain. This digital asset serves as the governance token for Tensor, a leading NFT marketplace and protocol on Solana.
TNSR has a current price of around $0.45 and a market cap based on its circulating supply of 130 million tokens.
The Tensor Protocol aims to provide deep liquidity for NFT marketplaces on Solana. It allows different platforms to connect their users and facilitate NFT trading.
As the native token, TNSR gives holders voting rights on protocol decisions and potential other utilities within the Tensor ecosystem.
While still a relatively new project, Tensor has gained backing from notable investors in the crypto space. The token’s price and trading volume fluctuate daily, as is common with many cryptocurrencies.
Investors interested in the Solana NFT ecosystem may want to keep an eye on TNSR’s development and adoption moving forward.
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Tensor Token Overview
Tensor (TNSR) is a cryptocurrency token with unique features and use cases. It plays a key role in the Tensor ecosystem and has specific tokenomics designed to support its growth and adoption.
Key Features and Tokenomics
TNSR has a total supply of 125 million tokens. The token distribution includes airdrops and vesting schedules for early supporters.
12.5% of tokens were given to Treasure Box and Tensorian owners in an initial airdrop. Another 2.3% will go to power users over 2 years, with a 6-month cliff.
The current market cap of TNSR is $54.55 million. Its price stands at $0.4364 per token. TNSR has raised $3 million through various funding rounds, including a token launch and private sale.
Token unlocks and vesting schedules help control the circulating supply. This aims to support long-term price stability as new tokens enter the market over time.
TNSR Token Utility and Use Cases
TNSR tokens have several uses within the Tensor ecosystem. They can be staked to earn rewards and gain voting rights in governance decisions.
Users may also need TNSR to access certain features or services on the Tensor platform.
The token serves as a medium of exchange for transactions in the Tensor marketplace. Holders can trade TNSR on exchanges, with TNSR/USDT being a common trading pair.
By creating demand through utility and controlling supply, the TNSR tokenomics aim to support the token’s value. As the Tensor ecosystem grows, increased usage could drive more demand for the token.
Ecosystem and Partnerships
Tensor Token plays a key role in connecting different parts of the Solana ecosystem. It forms partnerships with major players and integrates closely with NFT projects.
Integration with Solana
Tensor Token leverages Solana’s fast and low-cost blockchain. This allows for quick NFT trades and transactions. The token works seamlessly with Solana wallets and dapps.
Solana’s speed enables Tensor to process many NFT trades per second. This is crucial for a smooth user experience in busy NFT marketplaces.
Tensor also takes advantage of Solana’s low fees. This keeps costs down for NFT buyers and sellers using the platform.
Strategic Partners
Tensor has formed key partnerships to grow its ecosystem. These include major crypto exchanges and data providers.
WhiteBIT and Binance have listed Tensor Token. This gives more people access to buy and trade TNSR.
CoinGecko tracks Tensor’s price and market data. This helps investors make informed decisions about the token.
Tensor also works with other Solana projects. These partnerships aim to boost the entire Solana NFT ecosystem.
Collaborations with NFT Projects
Tensor works closely with NFT creators and collections on Solana. This helps bring more NFTs to the Tensor marketplace.
The platform offers special features for NFT projects. These include customized listing options and promotional tools.
Tensor has partnered with popular Solana NFT collections. This brings established communities to the platform.
The token is sometimes used for NFT project airdrops and rewards. This creates more utility and demand for TNSR.
Market Performance and Analytics
Tensor’s price and trading activity have fluctuated since its launch. Key metrics like volume and price history give insight into the token’s market behavior.
Trading Volume and Liquidity
Tensor’s 24-hour trading volume is $10.79 million. This shows active trading of the token on exchanges.
Higher volume often means more liquidity, making it easier for traders to buy and sell TNSR without big price impacts.
Liquidity is important for smooth trading. More liquidity can lead to tighter spreads between buy and sell prices. This benefits traders by reducing costs.
The current circulating supply of Tensor is 125 million tokens. The max supply is set at 1 billion TNSR. This ratio of circulating to max supply affects token scarcity and potentially price.
Price History
Tensor’s price on December 25, 2024 is $0.444. The token has seen both highs and lows since its debut.
TNSR reached its all-time high of $2.33 on April 8, 2024. This peak price was about 5 times higher than the current value.
The token is now 81% below that all-time high. This drop shows the volatility in TNSR’s price over time.
Price changes can result from market trends, project news, or wider crypto market shifts. Tracking these moves helps investors gauge TNSR’s performance.
Community and Network Involvement
The Tensor Token ecosystem puts community engagement at its core. It aims to create a decentralized network where users actively shape the platform’s future. This approach fosters innovation and ensures long-term growth.
Decentralized Autonomous Organization
Tensor Token uses a DAO structure to give power to its users. Token holders can vote on key decisions about the network’s direction. This includes changes to protocols, fund allocation, and new features.
The DAO model promotes transparency. All votes and proposals are public. This openness builds trust among community members.
To join the DAO, users must hold a certain number of Tensor Tokens. The more tokens a user has, the more voting power they get. This system rewards active participants who are invested in the network’s success.
Incentive Programs and Airdrops
Tensor Token uses various incentives to grow its user base and reward loyalty. These programs aim to boost network activity and token circulation.
Airdrops are a key part of this strategy. The project plans to distribute 12.5% of total tokens to early adopters. This includes owners of Treasure Boxes and Tensorians.
Power users get extra benefits. They can earn 2.3% of tokens over two years. This reward comes with a six-month waiting period before it starts.
The network also rewards nodes for their work. Nodes earn tokens for tasks like health checks and serving user requests. This keeps the network running smoothly.
These incentives help create a strong, active community. They encourage users to stay involved and contribute to the network’s growth.
Token Distribution and Financial Health
Tensor’s token distribution focuses on community engagement while allocating funds for development. The project raised $3 million through private rounds and implemented vesting schedules to align incentives.
Fundraising and Development Funds
Tensor raised $3 million in private funding rounds. This money helps pay for ongoing development and growth of the project.
The team set aside 27% of the total token supply for core contributors. This equals 270 million TNSR tokens.
Investors and advisors received 9% of tokens, or 90 million TNSR. These allocations reward early supporters while providing resources to build out the platform.
The largest portion of tokens, 55% or 550 million TNSR, went to the community. This includes airdrops and rewards programs to grow adoption.
Vesting Schedules and Token Allocation
Tensor implemented vesting schedules to gradually release tokens.
The initial airdrop distributed 12.5% of the total supply to early users and NFT holders. This equals 125 million TNSR tokens given out right away.
An additional 2.3% of tokens will go to active users over 2 years. These vest with a 6-month cliff before any tokens unlock. The slower release prevents sudden selling pressure.
Core team and investor tokens likely have longer vesting periods, though exact details aren’t public. This aligns their incentives with the project’s long-term success.
Frequently Asked Questions
Tensor Token has generated interest among crypto enthusiasts. Many seek clarity on its price, availability, and unique features. Here are answers to some common questions about this digital asset.
What is the current price prediction for the Tensor Token?
Price predictions for Tensor Token vary. Analysts look at market trends and token utility to make estimates. Some expect moderate growth, while others are more bullish.
Actual prices can change quickly based on market conditions. It’s best to check real-time data for the most current information.
How can one purchase Tensor Token?
Tensor Token can be bought on certain crypto exchanges. Users need to create an account on a platform that lists the token. They can then transfer funds and place an order to buy.
Some exchanges may require identity verification before allowing purchases. It’s important to research and choose a reputable exchange for transactions.
Is Tensor Token available on Coinbase?
As of December 2024, Tensor Token is not listed on Coinbase. Availability on major exchanges can change over time. Interested buyers should check Coinbase’s current listings or look for alternative exchanges.
What updates are there from the latest Tensor Token marketplace news?
Recent updates for Tensor Token focus on platform developments. The team has been working on improving transaction speeds and expanding partnerships.
New features for token holders have also been announced. These aim to increase utility and attract more users to the ecosystem.
How does Tensor Crypto differentiate from other cryptocurrencies?
Tensor Crypto stands out with its focus on AI infrastructure. It aims to integrate blockchain technology with artificial intelligence systems. This approach sets it apart from many other digital currencies.
The token also has unique governance features. These allow holders to participate in decision-making for the platform’s future.
What implications does the introduction of a tensor chip have on the value of Tensor Token?
The introduction of a tensor chip could boost Tensor Token’s value. Such chips are designed to enhance AI and machine learning processes.
This aligns with the token’s focus on AI infrastructure.
If the chip improves the efficiency of Tensor’s network, it might increase demand for the token. This could lead to a rise in its market value.
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