Name: Tensor
Brand: Tensor
SKU: TNSR
Price: 0.08 USD
Availability: InStock

Question 1

What is Tensor (TNSR)?

Accepted Answer

Tensor (TNSR) is a leading NFT marketplace on the Solana blockchain. Launched in July 2022, it quickly ascended to become the top platform for NFT trading on Solana, facilitating up to 70% of the blockchain's NFT volume daily. The marketplace is designed for both professional traders and casual collectors, offering various features for buying, selling, and trading NFTs.

Question 2

What differentiates Tensor (TNSR) from other tokens?

Accepted Answer

What sets Tensor apart from other cryptocurrencies is its dedicated focus on the NFT marketplace. Unlike many tokens with broader utilities, TNSR is tailored for NFT trading, dominating the Solana ecosystem. Additionally, Tensor employs a community-led governance model, allowing token holders to influence the development and direction of its protocols.

Question 3

What is the utility of Tensor (TNSR)?

Accepted Answer

The utility of Tensor (TNSR) centers around facilitating and managing NFT trading on the Solana blockchain. TNSR enables community governance over key parameters of Tensor's protocols, enhancing user involvement. Its protocols have handled substantial trading volumes and provide tools that streamline NFT transactions, positioning it as an essential asset within the NFT space.

Question 4

What does the Tensor (TNSR) whitepaper promise?

Accepted Answer

The Tensor whitepaper highlights its commitment to community-led governance, a robust trading infrastructure for NFTs, and high performance attributes enabled by the Solana blockchain. It promises enhanced trading opportunities specifically for NFTs, utilizing advanced protocols that aim to facilitate significant trading volumes, reflecting its direction towards creating a more inclusive and efficient NFT marketplace.

Question 5

What consensus mechanism does Tensor (TNSR) use?

Accepted Answer

Tensor (TNSR) utilizes the Proof of History (PoH) consensus mechanism as part of its underlying technology on the Solana blockchain. This mechanism not only timestamps transactions to enhance scalability but also combines with Proof of Stake (PoS) to ensure security and integrity within the network.

Question 6

Who created Tensor and why?

Accepted Answer

Tensor was co-founded by Ilja Moisejevs and Richard Wu. Their goal was to create a fast and professional NFT trading experience, leading Tensor to quickly become the leading NFT marketplace within the Solana ecosystem shortly after its launch.

Question 7

When was the Tensor (TNSR) token created?

Accepted Answer

Tensor (TNSR) was launched in July 2022, marking its entry into the NFT marketplace and rapidly capturing a substantial share of the trading volume on the Solana blockchain.

Question 8

How do I use the Tensor (TNSR) token?

Accepted Answer

To use Tensor (TNSR), you can engage in NFT trading directly through its marketplace. Users can buy, sell, and trade NFTs while utilizing tools such as automated market makers and minting functionalities, which are designed to enhance liquidity and improve trading efficiency.

Question 9

Where do I buy the Tensor (TNSR) token?

Accepted Answer

You can purchase Tensor (TNSR) tokens through the Phantom wallet. After setting up your wallet and adding SOL for transaction fees, you can easily swap tokens within the app.

Question 10

What problem or need does Tensor aim to address?

Accepted Answer

Tensor aims to address the need for a robust and efficient trading infrastructure specifically for NFTs on the Solana blockchain. By offering a marketplace that combines high performance with low transaction costs, Tensor facilitates seamless trading experiences for both novice and professional NFT traders.

Question 11

Is the Tensor (TNSR) open-source, and can I review its code?

Accepted Answer

The Tensor protocols operate under a community-led governance model, enabling users to participate in decision-making processes. However, the specific details regarding the open-source nature of Tensor's code are not explicitly mentioned in the provided documents.

Question 12

How was the Tensor (TNSR) token generated?

Accepted Answer

The TNSR token was generated through an initial airdrop that allocated 125 million tokens (12.5% of the total supply) to eligible users. The total supply of the TNSR token is set at 1 billion.

Question 13

What is the Tensor (TNSR) transaction speed and scalability?

Accepted Answer

Tensor (TNSR) operates on the Solana blockchain, benefiting from its high throughput and speed. This allows Tensor to manage a substantial amount of NFT trading volume, processing thousands of transactions per second, which is essential for scalability and mass adoption in the NFT market. As the largest NFT marketplace on Solana, Tensor handles 60-70% of the NFT trading volume, underscoring its capabilities in transaction efficiency and overall performance.

Question 14

Is Tensor (TNSR) environmentally friendly in terms of energy consumption?

Accepted Answer

Tensor's marketplace leverages the Solana blockchain, known for its energy efficiency and low transaction costs. The architecture of Solana enables high-speed transactions with minimal energy consumption, contributing to a more environmentally friendly operation compared to traditional centralized systems. This efficiency supports the sustainability of the NFT market integrated with Tensor.

Question 15

What is the governance model for Tensor (TNSR)?

Accepted Answer

The governance model for Tensor (TNSR) is community-led, facilitated by the Tensor Foundation. This model allows TNSR token holders to have a direct impact on the protocols' development and direction, promoting decentralization and community engagement in managing the platform.

Question 16

What are the long-term goals and vision for Tensor?

Accepted Answer

Tensor's long-term goals focus on expanding its position as a dominant NFT marketplace on Solana. The platform aims to enhance its trading infrastructure, support innovative use cases within the NFT space, and foster a thriving ecosystem for NFT collectors and creators. By prioritizing community involvement and technological advancements, Tensor seeks to drive mass adoption and continuous growth in the NFT market.

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What is Tensor (TNSR)?

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Tensor Price

Top up and invest in seconds!

Market Stats

What is Tensor (TNSR)?

What differentiates Tensor (TNSR) from other tokens?

What is the utility of Tensor (TNSR)?

What does the Tensor (TNSR) whitepaper promise?

What consensus mechanism does Tensor (TNSR) use?

Who created Tensor and why?

When was the Tensor (TNSR) token created?

How do I use the Tensor (TNSR) token?

Where do I buy the Tensor (TNSR) token?

What problem or need does Tensor aim to address?

Is the Tensor (TNSR) open-source, and can I review its code?

How was the Tensor (TNSR) token generated?

What is the Tensor (TNSR) transaction speed and scalability?

Is Tensor (TNSR) environmentally friendly in terms of energy consumption?

What is the governance model for Tensor (TNSR)?

What are the long-term goals and vision for Tensor?

Technical Analysis

Exclusive tools

Automate your investment today!

Receive notifications when Tensor reaches certain prices.

Get paid to trade

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