Bittime - Have you ever heard of NFTs? Well, Tensor is the largest NFT trading platform on the Solana blockchain. This platform is specifically designed for professional NFT traders who want an efficient trading experience.
This project officially launched their cryptocurrency, TNSR, on April 8. Tensor immediately attracted the attention of investors because it was listed on a large exchange. The price of the TNSR token soared more than 8,800% after launching on Binance.
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What is Tensor (TNSR)?
Tensor was founded in 2022 by Ilja Moisejevs and Richard Wu. The platform is inspired by Blur and offers various features such as buying and selling exchanges, auctions, storage, conversion and management of NFTs.
That way, users can easily buy, sell and trade NFTs.
Also read: NFT: Latest NFT Development Report
Tensor is committed to providing a fast, professional trading environment and offering complete coverage of the newest NFT projects on the Solana blockchain .
One of Tensor's main advantages is its focus on a personalized trading experience. The platform provides a wide range of customization options, allowing users to customize the appearance and trading settings according to their preferences.
Users can adjust things like chart display and slippage settings to maximize their trading efficiency.
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Apart from that, Tensor also provides various advanced tools to help investors find and take advantage of profitable trading opportunities. With the rare NFT price chart feature, users can easily find rare NFTs at low prices.
Also read: What is Solana (SOL) Pay?
So, this feature allows them to make smart investment decisions and buy rare NFTs before their prices rise.
Since its launch in July 2022, Tensor has grown rapidly. In less than a year, Tensor has become the largest NFT marketplace on Solana, accounting for 60-70% of the total daily NFT trading volume on the network.
What is TNSR Token?
The TNSR token is the native token of the Tensor platform and is expected to play a role in the governance of the Tensor marketplace. Similar to tokens on other platforms such as Blur, TNSR will likely grant voting rights to its holders.
This means that users who own TNSR can propose or vote on changes regarding future operations and development of the platform.
Additionally, TNSR token holders also have control over key parameters of the Tensor agreement and can enjoy reduced fees when trading on Tensor.
TNSR Token Tokenomics
Tensor Protocol is built on top of Solana's core NFT trading infrastructure . So far, users have traded over $2 billion worth of Solana NFTs via the Tensor protocol, and in the last 90 days, over 70% of NFT transactions were conducted on Solana.
Tensor has published a TNSR token economic model with a total supply of 1 billion TNSR tokens. Here are the initial distribution details:
- Community: 55% (550,000,000 TNSR), with 12.5% allocated for the initial airdrop.
- Core contributors: 27% (270 million TNSR)
- Investors and advisors: 9% (90,000,000 TNSR)
- Reserve funds for future development and funding: 9% (90,000,000 TNSR)
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Conclusion
Tensor is an innovative and fast-growing NFT trading platform with huge potential for the future. The TNSR token has the potential to become a valuable asset for NFT traders and investors looking to get involved in the Tensor ecosystem.
However, it is important to remember that investing in cryptocurrencies is always risky. Do your own research before investing in TNSR or any other cryptocurrency.
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn Complete Guide How to Buy Crypto on Bittime.
Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
NFT Marketplace: NFT Buying and Selling Gateway
What is NFT Worlds (WRLD)? Unlocking the Potential of NFTs
Solama Listing on HTX Soon: Will the Price of Solana's 'Official Mascot' Skyrocket?
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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