We are thrilled to share that (TNSR) is now listed on Coinhako!
What are Tensor and TNSR?
Launched in July 2022, Tensor is an on-chain Solana NFT marketplace where traders and creators can buy, sell, and trade NFTs and inscriptions efficiently. It is the second-largest Solana NFT platform after Magic Eden. Tensor's innovative platform allows NFT enthusiasts to easily mint and manage their assets. It aims to provide deep liquidity and fast transactions for NFT trading, along with earning opportunities.
TNSR is the governance token for the Tensor platform. Holding TNSR allows you to vote on proposals, including those in the Tensor DAO and TNSR holders also receive a 25% discount on platform fees when listing NFTs. TNSR has a 1 billion token supply, with most reserved for the community-powered airdrops program, similar to BLUR's tokenomics.
There is a total supply of 1,000,000,000 TNSR and TNSR has traded for US $$2.45 at its peak.
How does Tensor work?
Tensor empowers you to easily navigate the Solana NFT landscape, whether you're a creative bringing your vision to life or a collector seeking unique digital treasures.
Creators can use Tensor as a personal NFT studio where they can upload their creations, edit details, and adjust mint information all in one place. Tensor's built-in launchpad also streamlines launching NFT collections — all the creators have to do is upload their artwork, set terms, and watch their creations find new homes.
Tensor also simplifies the experience for NFT collectors by aggregating Solana NFT listings from top platforms, providing them with a vast selection to explore. Deep liquidity pools and real-time updates ensure users stay on top of the fast-paced NFT landscape. Tensor also offers more than basic buying and selling — users can place collection-wide bids, use the "sell now" button for quick sales, and experiment with market-making to become a bigger NFT player.
Why does Tensor stand out?
Tensor relies on the following several key features to build a robust NFT infrastructure:
Tensor AMM
Tensor AMM (TensorSwap) is Tensor's automated NFT marketplace that automates NFT trading with advanced order types. It functions like a DeFi automated market maker but for NFTs instead of fungible tokens. Unlike traditional NFT platforms, TensorSwap allows you to earn rewards by configuring maker fees and setting orders. You keep all fees from completed orders. TensorSwap also helps auto-manage your NFT portfolio to buy low and sell high, counteracting emotional trading.
Tensor Price Lock
Tensor Price Lock is an NFT feature that lets users lock prices for seven days to long or short them. Users can be takers (buyers of price locks) or makers (providers of price locks). Introduced in 2024, this allows lock providers to earn Tensor rewards, similar to DeFi liquidity providers.
Tensor Shared Escrow
Tensor's shared escrow feature allows capital-efficient NFT bidding. You can place multiple bids using the same SOL token pool. To keep bids fillable, ensure they don't exceed your shared escrow balance. You can also set purchase caps to limit the number of NFTs a single order buys, protecting your escrow.
YOLO Buy
YOLO Buy allows you to bid on NFTs by paying a nonrefundable percentage of the listed fee. More bids increase your chance of winning, up to 75%. Even losing bids earn Tensor rewards. When an NFT is purchased through YOLO Buy, the maker receives a 1. 5% higher payout.
What can you do with TNSR on Coinhako?
TNSR will be available for users to trade across all swap pairs on Coinhako.
To gain access to any of these trading pairs, you can either:
- Fund your SGD wallet on Coinhako instantly with PayNow (or any other supported payment method)
- Purchase TNSR instantly with Visa / Mastercard
Please note that the sending and receiving of TNSR will not be available for this release.
Risk Warning on Digital Payment Token Services
Hako Technology Pte Ltd ("Coinhako") is licensed to provide digital payment token services under the Payment Services Act 2019 (No. 2 of 2019).
The Monetary Authority of Singapore ("MAS") requires us to provide this risk warning to you as a customer of a digital payment token ("DPT") service provider.
Before you pay your DPT service provider any money or DPT, you should be aware of the following.
- Your DPT service provider is licensed by MAS to provide DPT services. Please note that this does not mean you will be able to recover all the money or DPTs you paid to your DPT service provider if your DPT service provider’s business fails.
- You should not transact in the DPT if you are not familiar with this DPT. This includes how the DPT is created, and how the DPT you intend to transact is transferred or held by your DPT service provider.
- You should be aware that the value of DPTs may fluctuate greatly. You should buy DPTs only if you are prepared to accept the risk of losing all of the money you put into such tokens.
- You should be aware that your DPT service provider, as part of its licence to provide DPT services, may offer services related to DPTs which are promoted as having a stable value, commonly known as “stablecoin”.
Visit: Coinhako.com/risk-disclosure for more information.