What currency is TNSR? What about TNSR Coin?

TNSR is the Tensor governance token. Tensor is blur on the Solana chain, an NFT trading market that aggregates liquidity, and is also the core infrastructure of the Solana chain. Specifically, the Tensor Protocol is the key transaction infrastructure for NFTs built on Solana, one of the only chains with the throughput, speed, and low fees required for mass adoption. A brief introduction to what currency TNSR is? Some people may still be unclear, but as investors, they want to know what this new project TNSR coin is like? According to current data, the development of the TNSR currency market is not bad. The editor below will introduce this TNSR coin to you in detail.

What currency is TNSR?

TNSR is the native token of the Tensor protocol and is designed to promote community-led Tensor protocol governance and help TensorDAO develop and grow the Tensor ecosystem. The Tensor Protocol is a smart contract autonomous protocol based on the Solana blockchain that the NFT market can use to connect its users with other NFT collectors, buyers, and sellers.

Proposal and security review in TNSR, governance token ownership determines how users can submit Tensor governance proposals for community input on Realms, a Solana-based platform that helps organizations manage their DAOs.

Tensor Foundation’s post explaining its governance: “Once the proposal has been fully discussed on the forum and all questions and concerns have been resolved, the proposal can be submitted for voting on Realms. Anyone with a sufficient number of delegates can Any community member of the token can submit the proposal, and votes are proportional to the TNSR balance held by the wallet. In order to vote, token holders must deposit their tokens into Realms, or receive delegated tokens from another wallet.”

What about TNSR coins?

At present, the TNSR coin is okay. According to official data, the current price of the TNSR coin is US$2, which is lower than the historical high price of US$2.37. The issuance price is unknown. The current market value is US$233,725,000, which is in line with analysts’ predictions. The highest price will break through a new high at any time. Overall, the current market development of TNSR currency is not bad and has certain development potential.

TNSR will manage the Tensor protocols that have already facilitated more than $2 billion in NFT transactions on Solana, a blockchain known for its unparalleled speed and scalability. While NFTs currently occupy a niche corner of the internet, the Tensor Foundation envisions a future where they underpin entire industries and businesses. Additionally, with NFT traders expected to soar into the billions, the foundation emphasized the importance of robust trading infrastructure.

They highlight the Tensor Protocol as critical infrastructure for this emerging asset class, building on Solana’s unparalleled throughput, speed and low fees, which are critical to widespread adoption. The Tensor Foundation noted that in the past 90 days alone, the Tensor protocol facilitated more than 70% of Solana’s NFT transaction volume, excluding wash transactions. The monetary value of these transactions reportedly exceeds $2.18 billion.

Now under the guidance of the Tensor Foundation, these Tensor protocols will transition into the hands of the community governed by the TNSR token. In addition to infrastructure maintenance, the foundation is committed to cultivating a vibrant ecosystem of creators and innovators to push NFTs to new heights.

The above is the detailed content of What currency is TNSR? What about TNSR Coin?. For more information, please follow other related articles on the PHP Chinese website!