Tensor Introduces TNSR Token: A Milestone for Solana’s NFT Ecosystem

Modified on Tue, 23 Sep at 6:13 PM

What is Tensor?

Tensor is the #1 NFT marketplace platform on the Solana network, holding approximately 60-70% market share. It has become a central hub for NFT trading (Source: DappRadar, 27 December 2024). Tensor uses Automated Market Maker (AMM) technology to increase liquidity and trading efficiency, making it easier to buy and sell NFTs. It also has features that optimize storage costs and transaction fees.

Comparison of Daily NFT Trading Volume on Solana: Tensorswap and Magiceden – Source: The Block

Tensor's Key Features for NFT Infrastructure

Tensor AMM (TensorSwap): This is Tensor's automated NFT marketplace. Similar to how automated market makers (AMMs) work in DeFi, Tensor AMM differs from other NFT marketplaces like Magic Eden or OpenSea. It facilitates revenue generation, allows creators to configure fees, and provides rewards for platform activity. TensorSwap also helps with NFT portfolio management, enabling users to buy low and sell high, mitigating impulsive trading decisions driven by market sentiment.
Tensor Price Lock: This new feature allows users to essentially "long" or "short" NFTs by locking in a price for 7 days. This can be done by either the "taker" (The buyer locking the price) or the "maker" (The one providing the capital for the price lock).
Tensor Shared Escrow: This feature enables efficient NFT bidding by allowing users to place multiple bids simultaneously.
YOLO Buy: This feature is for bidding on your favorite NFTs by paying a non-refundable fee, which is a percentage of the listed price. By bidding more, you increase your chances of winning the NFT, with a maximum chance of 75%. The winner is determined randomly, and even those who lose the bid still receive rewards.

Tokenomics and Utility of the TNSR Token

TNSR is a governance token for the community to manage the key parameters of the Tensor protocol. Holders can use the token to receive discounts on trades within the protocol and participate in governance by voting on proposals, such as determining a reasonable inflation rate as the token distribution expands to the community treasury.

TNSR has a total supply of 1 billion tokens. The initial distribution of TNSR is as follows:

55% (550,000,000 TNSR) to the community: This is divided into 12.5% for an initial airdrop and 2.3% for airdrops to power users.
27% (270,000,000 TNSR) to core contributors
9% (90,000,000 TNSR) to investors and advisors
9% (90,000,000 TNSR) reserved for future fundraising and development

Token TNSR Distribution - ที่มา TNSR Tokenomics

Interesting Price Information for TNSR

As of 25 March 2025, according to the CoinMarketCap website, the TNSR token has a market capitalization of $78,328,444 USD, or approximately 2,660,861,499 THB.

At the time of writing this article, the TNSR token is trading at around $0.2200 USD, or approximately 7.38 THB per TNSR. The token previously reached its all-time high (ATH) of $2.45 USD, or 83 THB per TNSR, on 8 April 2024.

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