Buy Tensor (TNSR)
What is Tensor?
Tensor is a pioneering NFT marketplace operating on the Solana blockchain. It is known for providing advanced trading features, deep liquidity across more than 30,000 NFT collections, and real-time updates for both traders and creators.
How does Tensor work?
Tensor leverages Solana's blockchain technology to offer a fast and efficient NFT trading experience. It incorporates advanced trading features such as Price Locks, allowing traders to long or short NFTs with minimal upfront fees, and introduces AMM-styled liquidity pools for efficient price discovery. It utilises Solana's Proof of Stake consensus mechanism to ensure fast and cost-effective transactions, and smart contracts to facilitate NFT transactions and management within its ecosystem.
What are the potential use cases for Tensor?
Tensor can be utilised in various sectors, including:
- NFT Trading and Management: It facilitates the trading of digital art, gaming assets, and digital identity NFTs.
- Financial Instruments: Introduces innovative trading mechanisms like Price Locks and YOLO Buys.
- Community Engagement: Offers special rewards and features to a community of superfans known as Tensorians.
- Partnerships and Collaborations: Enhanced through listings and partnerships with platforms like Bitget.
- Industry Potential: Promotes Web3 innovation and competes robustly as an NFT marketplace.
What is the history of Tensor?
Tensor was founded in March 2022 by Ilja Moisejevs and Richard Wu. Initially targeting the development of an NFT pricing oracle, the project pivoted to an NFT trading platform upon identifying a market need for sophisticated trading tools. The platform has facilitated over $2 billion in transactions, representing significant Solana NFT trading volume. Tensor introduced notable updates such as compressed NFTs, significantly reducing cost barriers, and developed an AMM for NFTs to enhance trading capabilities. A major milestone was the launch of its governance token, TNSR, further enabling community-driven protocol governance.
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Frequently Asked Questions (FAQs)
What is the current price of Tensor (TNSR)?
The Tensor price is $0.73045765 AUD, representing a -7.3% from the day prior.
Where is the best place to buy Tensor (TNSR) in Australia?
The best place to buy Tensor (TNSR) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Tensor (TNSR) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Tensor (TNSR)?
The trading volume of Tensor (TNSR) is $32.6M AUD in the last 24hrs, representing a -7.3% from the day prior.
How can I buy Tensor (TNSR)?
Tensor (TNSR) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Tensor (TNSR)?
The current market cap of Tensor (TNSR) is $89.9M AUD.
Can I convert Tensor (TNSR) to cash?
Yes - With Coinstash you can convert your Tensor (TNSR) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Tensor (TNSR) are there?
The current circulating supply of Tensor (TNSR) is 125.0M.
Is Coinstash a safe place to buy Tensor (TNSR) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Tensor (TNSR) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.