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  • TNSR Tensor

    $0.414

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    Frequently Asked Questions

    • Tensor Use Cases

      Tensor is primarily an NFT marketplace aggregator designed for professional traders to buy, sell, and trade NFTs on the Solana blockchain. Here are some key features and applications:

      • NFT Trading Platform: Tensor offers a fast and efficient platform for trading NFTs, with features such as an NFT minting launchpad, NFT royalty customizing tools, and AMM-styled liquidity pools. This makes it a preferred marketplace for the Solana community, catering to both professional traders and common collectors.

      • Compressed NFTs: Tensor supports compressed NFTs, which are significantly cheaper to create compared to traditional NFTs. This technology could open up the market to millions of new users by reducing the cost barrier to entry, enabling new use cases such as loyalty programs, digital collectibles, in-game items, and digital identity solutions.

      • Market Efficiency: By building on Solana, Tensor can offer near-instantaneous transactions at a fraction of the cost associated with Ethereum-based NFT platforms. This is particularly beneficial for traders who engage in high-frequency trading or deal with large volumes of NFTs.

      • Governance Token: Tensor has a governance token called TNSR, which will be used by the community to manage key parameters of the Tensor protocols. This token is part of a rewards program that includes airdrops and loot boxes to incentivize user participation.

      Additional Context

      While Tensor is primarily focused on NFT trading, the term "Tensor" in a broader context can also refer to a machine learning tool with applications in fraud detection, price prediction, and sentiment analysis in the cryptocurrency industry. However, this is not related to the Tensor NFT marketplace.

      Last Updated: 12/8/2024 02:08 UTC
    • Tensor Overview

      Tensor is a non-fungible token (NFT) marketplace built on the Solana blockchain, offering fast and low-cost transactions. Here are some key points about Tensor:

      Pros

      • Speed and Efficiency: Tensor leverages Solana's high-speed, low-cost infrastructure, making it ideal for high-frequency trading and large volumes of NFTs.
      • Advanced Trading Tools: The platform provides real-time data updates, detailed candlestick charts for trend analysis, and automated market making (AMM) pools to enhance NFT trading dynamics.
      • Compressed NFTs: Tensor supports compressed NFTs, which significantly reduce the cost barrier to entry, potentially opening up the market to millions of new users.
      • Market Dominance: Tensor accounts for 60-70% of the daily NFT volume on Solana, making it the largest NFT marketplace on the platform.
      • Reward System: Tensor incentivizes users through NFT airdrops, mystery boxes, and rewards based on their activity on the platform.

      Cons

      • Limited Blockchain Support: Tensor operates exclusively on the Solana blockchain, which may limit its appeal to users who prefer other blockchain networks.
      • Market Volatility: As with any crypto-related project, Tensor's success can be influenced by market volatility and skepticism from some quarters of the crypto community.
      • Competition: Despite its dominance, Tensor faces competition from other NFT marketplaces on Solana, such as Magic Eden.
      Last Updated: 12/8/2024 02:08 UTC
    • Founders of Tensor

      Tensor was co-founded by Ilja Moisejevs and Richard Wu. Both founders bring extensive experience in trading infrastructure and data-intensive systems to the project.

      Key Background Information

      • Ilja Moisejevs: Before co-founding Tensor, Moisejevs worked on various projects, including experimenting with Ethereum before moving to Solana due to its speed and user experience.
      • Richard Wu: Wu studied computer science and worked as a software engineer before entering the crypto space. He and Moisejevs started Tensor in February 2022, initially focusing on an NFT pricing oracle before developing the NFT trading platform.
      Last Updated: 12/8/2024 02:09 UTC
    • Investors in Tensor

      Tensor is backed by several notable investors, including:

      • Placeholder: Led the seed round for Tensor.
      • Solana Ventures: Participated in the funding round.
      • Alliance DAO: Contributed to the seed funding.
      • Big Brain Holdings: Invested in the project.
      • Anatoly Yakovenko: Co-founder of Solana, participated in the funding.
      • Raj Gokal: Co-founder of Solana, also invested in Tensor.
      • Small angel investors and early customers: Half of the funding came from these groups, indicating strong community support.
      Last Updated: 12/8/2024 02:09 UTC
    • Investment Potential

      Tensor is considered a promising investment due to its strong position in the NFT marketplace on Solana, handling 60-70% of NFT volume daily. This dominance could drive its value higher, especially given its explosive growth since its launch in July 2022.

      Key Strengths

      • Market Dominance: Tensor's significant market share in the NFT space on Solana indicates a strong foundation for potential growth.
      • Growth Potential: The platform's rapid expansion since its inception suggests a high potential for future development and increased value.
      • Strategic Partnerships: Tensor's collaboration with other platforms, such as Magna, has enhanced its operational efficiency and security, further reinforcing its investment potential.

      Use Cases

      Tensor has various applications in the cryptocurrency industry, including:

      • Fraud Detection: It can analyze large amounts of data to identify fraudulent transactions and activities.
      • Price Prediction: By analyzing historical data and market trends, Tensor can provide insights into future price movements.
      • Sentiment Analysis: It can gauge the overall sentiment towards specific cryptocurrencies by analyzing social media posts, news articles, and other sources of information.

      Strategic Considerations

      Investors should consider Tensor's potential for significant returns, especially if it reaches its anticipated valuation by 2025. However, it's essential to weigh the potential gains against possible setbacks and consider the overall market dynamics.

      Last Updated: 12/8/2024 02:09 UTC
    • Halal Status of Tensor

      No, the halal status of Tensor is not explicitly mentioned in the available sources. However, to determine if a cryptocurrency is halal, it must adhere to Shariah principles, which include:

      • Legitimacy Screening: Ensuring the project is genuine and not a scam.
      • Project Screening: Ensuring the project itself is Shariah compliant.
      • Financial Screening: Ensuring it meets Shariah compliance financial criteria if it is an equity-based token.
      • Token Screening: Understanding the Shariah compliance of the token.
      • Staking Screening: Understanding the Shariah compliance of the staking mechanism.

      Since Tensor is not listed in the provided sources as halal or haram, it is advisable to consult with knowledgeable Islamic finance scholars for a definitive answer.

      Last Updated: 12/8/2024 02:09 UTC

    Description

    #831

    Tensor is a leading NFT marketplace on the Solana blockchain, designed to offer fast transactions and deep liquidity for NFT trading. It supports a wide range of collections and features tools like price locks and rewards to enhance user engagement and market dynamics.

    Sector: NFT
    Blockchain: Solana

    Market Data

    Rank: 831
    Volume: 24M
    Marketcap: 52M
    Fully Diluted Value: 414M
    Circulating Supply: 13%
    6.8M 145K/207K
    1.6M 72K/90K
    849K 86K/86K
    643K 176K/185K
    379K 19K/4.5K
    340K 77K/112K
    253K 42K/43K
    250K 222K/282K
    236K 1.7K/522
    164K 6.4K/6.4K
    128K 71K/66K
    49K 27K/25K
    11K 65K/59K
    36 20/20