Tensor Price
(TNSR)
USD($)
Tensor (TNSR) Live Price Chart
Overview
About
Analysis
FAQ
Tensor Live Price Data
The live price of Tensor is $0.4500, with a total trading volume of $ 192,132 in the last 24 hours. The price of Tensor changed by -6.45% in the past day, and its USD value has decreased by -25.92% over the last week. With a circulating supply of 125,000,000 TNSR, the market cap of Tensor is currently 55.98M USD, marking a --% increase today. Tensor currently ranks #-- in market cap.
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Note: This data is for reference only.
Tensor(TNSR) Profile
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Contract
- Solana TNSRxcUx...AS6
Audited By
- --
Code & Community
Investors
- --
$0.4362
$0.5076
- ATH
- $2.45
- Price Change (1h)
- +2.10%
- Price Change (24h)
- -6.45%
- Price Change (7d)
- -25.92%
- Market Cap
- $55.98M
- 24h Volume
- $192,132
- Circulating Supply
- 125,000,000
- Max Supply
- 1B
About TNSR
How can I buy Tensor (TNSR)?
Buying TNSR on KuCoin is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy Tensor (TNSR) for more information. What Is Tensor (TNSR) Crypto?
Tensor (TNSR) crypto is the governance token of the Tensor NFT marketplace on the Solana blockchain. Tensor was launched in 2022 and has rapidly become a significant player in the Solana NFT ecosystem, competing fiercely with other Solana NFT marketplaces like Magic Eden.
The introduction of the TNSR token is part of Tensor's efforts to democratize governance within its ecosystem, allowing token holders to have a say in the platform's development and operations.
The Tensor Foundation, a recently established organization behind the Tensor marketplace, has outlined its plans for the TNSR token, emphasizing its role in fostering community engagement and growth within the Solana NFT space.
The launch of TNSR followed a significant period of trading activity on Tensor, which has processed over $2 billion worth of Solana NFTs, capturing a considerable portion of the market share in terms of trading volume on the Solana network.
How Does Tensor Foundation Work?
The Tensor Foundation is an entity established to oversee and facilitate the growth and development of the Tensor NFT marketplace on the Solana blockchain. While specific operational details can vary, foundations like the Tensor Foundation typically work by focusing on several key areas:
Governance
> Framework Establishment: The Foundation establishes the governance framework for the Tensor ecosystem, including how decisions are made, how TNSR token holders can participate in governance, and the mechanisms for proposal submissions and voting.
> Decision Making: It may directly make critical decisions or oversee the community's decision-making process through governance mechanisms enabled by the TNSR token.
Development and Support
> Platform Development: The Foundation often leads or supports ongoing development efforts for the Tensor marketplace, aiming to introduce new features, improve platform performance, and ensure security.
> Developer Support: It can provide support and funding to developers building on the Tensor platform, fostering an environment of innovation and growth.
Ecosystem Growth
> Partnerships: The Foundation seeks and establishes partnerships with other projects, platforms, and entities to enhance the Tensor marketplace's utility and value.
> Marketing and Outreach: It undertakes marketing and outreach efforts to attract users, creators, and investors to the Tensor platform, increasing its visibility and adoption.
Funding and Financial Management
> Financial Oversight: The Foundation manages the funds raised through the sale of TNSR tokens, donations, or other revenue streams, allocating resources to development, marketing, and community initiatives.
> Grants and Funding Programs: It may offer grants or funding to projects, developers, or community initiatives that contribute positively to the Tensor ecosystem.
Community Engagement
> Feedback and Communication: The Foundation facilitates communication between the development team and the community, gathering feedback and addressing concerns.
> Education and Resources: Providing educational resources and tools to help users, creators, and developers effectively engage with the Tensor platform.
Legal and Regulatory Compliance
Ensures that the Tensor marketplace and its associated activities comply with relevant laws and regulations, adapting to regulatory changes as necessary.
In essence, the Tensor Foundation acts as a steward of the Tensor ecosystem, working to ensure its sustainable growth, development, and success. It plays a crucial role in balancing the interests of various stakeholders, including token holders, users, creators, and developers, while navigating the complex landscape of blockchain technology and digital marketplaces.
History of Tensor Foundation and TNSR Coin
The Tensor NFT marketplace was launched in 2022 and is co-founded by Ilja Moisejevs and Richard Wu. This platform has quickly made a significant impact within the Solana ecosystem, leveraging the blockchain's capabilities for fast and cost-efficient transactions to create a competitive NFT trading environment.
The Tensor Foundation announced the launch of the TNSR crypto, a governance token for the Solana-centric NFT marketplace Tensor, in a Twitter thread on March 12, 2024. This announcement was part of the Foundation's efforts to support the eponymous Solana NFT marketplace and laid out its plans for utilizing the TNSR token within the ecosystem.
What Is TNSR Token Used for?
Tensor (TNSR) functions within the Tensor NFT marketplace ecosystem on the Solana blockchain, playing a crucial role in governance and incentivizing participation among its community.
Governance
> Voting Rights: TNSR token holders are granted voting rights, allowing them to participate in the decision-making processes that shape the development and operational strategies of the Tensor marketplace. This can include decisions on feature implementations, partnership formations, and the distribution of community funds.
> Proposal Submissions: Users can submit proposals for changes or improvements to the platform. Holding TNSR tokens may be a prerequisite for submitting proposals, depending on the governance structure set by the platform.
Ecosystem Development
A portion of TNSR tokens might be allocated to a community fund, which is used to finance projects, initiatives, or partnerships beneficial to the Tensor ecosystem. This fund is often governed by TNSR token holders, who vote on its usage.
Trade TNSR on KuCoin
Trade Tensor token on the KuCoin Spot Market against other cryptocurrencies to make the most of changing market conditions and volatility. Buy or sell TNSR or HODL if you believe in the future potential of the Tensor NFT marketplace and the Tensor Foundation. Remember to enter any new trades in the crypto market only after doing your own research (DYOR).
Tensor (TNSR) Price Movements ($)
| Period | Change | Change (%) |
|---|---|---|
| Today | $-0.0286 | -5.97% |
| 7 Days | $-0.1575 | -25.92% |
| 30 Days | $-0.0999 | -18.15% |
| 3 Months | $0.0235 | 5.53% |
24H Investment Barometer
24H
- Strong Buy
- The Investment Barometer represents the current sentiment of the majority of KuCoin users. It is based on multiple indicators, and can be used as an aspect to take into consideration when planning investments.
Strong SellSellNeutralBuyStrong Buy
Tensor Conversion Rate
FAQ
How much is 1 Tensor (TNSR) worth?
KuCoin provides real-time USD price updates for Tensor (TNSR). Tensor price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time TNSR to USD exchange rates. Is Tensor (TNSR) a Good Investment?
Investing in Tensor (TNSR), like any cryptocurrency or token within the blockchain ecosystem, has potential advantages that appeal to different investors.
Governance Participation
TNSR token holders can participate in the governance of the Tensor marketplace, influencing decisions on development priorities, feature additions, and changes to the marketplace’s operational rules.
Ecosystem Growth
Investing in TNSR can be a bet on the growing adoption of the Tensor NFT marketplace. As the platform grows, the demand for TNSR could increase, potentially leading to an appreciation in Tensor token value.
Exclusive Access
Holding TNSR may grant exclusive access to special features, early releases, or premium content within the Tensor ecosystem, enhancing the user and investment experience.
Speculative Growth
The value of TNSR, like many cryptocurrencies, can be subject to market speculation. Investors might see the potential for significant returns based on future developments within the Tensor ecosystem or broader market trends affecting NFTs and Solana.
Portfolio Diversification
TNSR offers investors an opportunity to diversify their investment portfolios with exposure to the NFT market and the Solana blockchain, which may be less correlated with traditional financial markets.
Technological Innovation
Investing in TNSR is also an investment in the Solana blockchain’s technology, known for its high throughput and low transaction costs, which could see increased utility and value as blockchain technology evolves.
Community and Network Effects
Being part of the Tensor ecosystem allows investors to engage with a community of like-minded individuals and projects, potentially opening up networking and collaboration opportunities.
What Is Tensor Price Prediction?
While we cannot provide a reliable TNSR price prediction over any timeframe, monitoring the following factors could help you better understand the price trends in Tensor cryptocurrency:
1. Platform Adoption and Growth
> User Base and Volume: The more users and transactions the Tensor NFT marketplace has, the greater the demand for TNSR tokens, potentially driving the Tensor crypto price.
> NFT Market Dynamics: Trends and shifts in the overall NFT market can affect interest and activity on the Tensor platform, influencing TNSR demand and the TNSR to USD price.
2. TNSR Token Utility and Incentives
The extent to which TNSR tokens are used for governance and how much influence token holders have can affect their perceived value.
3. Technical Developments and Updates
Updates that improve the user experience or introduce new features can increase platform use and demand for TNSR. Advances in Solana’s technology or scalability that benefit Tensor could positively impact the TNSR token price.
4. Market Sentiment and Speculation
General sentiment towards the crypto market, NFTs, or the Solana blockchain can influence the TNSR price. Short-term trading based on trends or news can lead to $TNSR price volatility.
5. Economic Factors
Broad market trends in the cryptocurrency space, such as bull or bear markets, can influence the TNSR coin price. Economic uncertainty or stability can affect investment appetite for riskier assets like cryptocurrencies.
6. Partnerships and Collaborations
Partnerships that expand the utility or visibility of the Tensor marketplace can drive demand for TNSR, supporting the Tensor token price.
7. Community and Ecosystem Support
A strong, active community can promote and support the platform, positively affecting the token’s value. Support for developers to build on or integrate with Tensor can lead to innovative uses of TNSR, impacting the Tensor value.
8. Competition
The emergence of new NFT marketplaces or improvements in competing platforms can affect Tensor's market share and the demand for TNSR.
How to Participate in Tensor Airdrop
With a total supply of 1 billion tokens, the Tensor Foundation has announced an initial airdrop allocation of 125 million tokens (12.5% of the total supply).
To qualify for the TNSR airdrop, Tensor implemented a rewards program across multiple seasons (Season 1-4). Participants earned different loot boxes based on the points collected from activities on the platform during each season. Early seasons rewarded participants with shards necessary for minting a Tensorian, while later seasons focused more on TNSR allocations for users who actively traded on Tensor.
The TNSR airdrop checker was made available on Monday, April 8th, 2024. Participants interested in checking their TNSR allocation are advised to use only the official links provided by Tensor to avoid phishing attempts and scams common during airdrop seasons. It's crucial to exercise caution and avoid clicking on links from unofficial sources or responding to direct messages from unknown parties regarding the TNSR airdrop.
How to Earn on Tensor NFT Marketplace
Like other digital asset platforms, earning on the Tensor NFT marketplace involves various strategies centered around the creation, trading, and investment in NFTs. Here’s a guide to some of the primary ways users can earn on the Tensor NFT marketplace, leveraging its position within the Solana ecosystem:
1. Create and Sell NFTs
> Artists and Creators: If you're an artist or a digital creator, you can mint your artwork, music, videos, or other digital creations as NFTs on the Tensor platform. You earn by setting a price for your NFTs and selling them to collectors.
> Royalties: Tensor might support customizable royalty percentages, allowing creators to earn a percentage of sales each time their NFT is resold on the secondary market.
2. Collect and Trade NFTs
> Flipping NFTs: Buy NFTs at a lower price and sell them at a higher price. This requires understanding the market demand, trends, and the potential value of NFTs.
> Long-term Investment: Collect NFTs that you believe will appreciate in value over time due to their rarity, the reputation of the creator, or their historical significance within the NFT community.
3. Participate in Launches and Drops
> Exclusive Drops: Participate in exclusive NFT launches and drops on Tensor. These events often feature highly sought-after NFTs, which can be a good investment if their value increases.
> Early Access: Having early access to certain NFT drops can be advantageous, as initial prices might be lower before the public sale or secondary market trading.
4. Governance Participation
Participate in the governance of the Tensor platform by holding and using TNSR tokens to vote on proposals. Some platforms offer incentives for participation in governance.
5. Community Engagement and Creations
> Community Contests and Events: Engage in community contests, events, or challenges that may offer prizes in the form of NFTs or TNSR tokens.
> Create and Sell NFT-related Services: Offer services related to the NFT ecosystem, such as digital art creation, smart contract development, marketing for NFT projects, or consultancy services for NFT investments.
6. Leverage Platform Features
> Utilize Unique Features: Take advantage of any unique features or tools Tensor offers, such as specialized marketplaces for certain types of NFTs, lending and borrowing features, or cross-platform integrations that might open new earning opportunities.
What is the all-time high price of Tensor (TNSR)?
The all-time high price of Tensor (TNSR) is $2.4500. The current price of TNSR is down 81.63% from its all-time high.
What is the all-time low price of Tensor (TNSR)?
The all-time low price of Tensor (TNSR) is $0.2496. The current price of TNSR is up 80.40% from its all-time low.
How much Tensor (TNSR) is there in circulation?
As of 12 22, 2024, there is currently 125,000,000 TNSR in circulation. TNSR has a maximum supply of 1B.
What is the market cap of Tensor (TNSR)?
The current market cap of TNSR is $55.98M. It is calculated by multiplying the current supply of TNSR by its real-time market price of $55.98M.
How do I store Tensor (TNSR)?
You can securely store your Tensor in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your TNSR include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.