- Back to menuPrices
- Back to menuResearch
- Back to menuConsensus
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars & Events
Tensor
About Tensor
Tensor (TNSR) is the governance token for the Tensor protocol ecosystem, a decentralised set of trading protocols for NFTs on Solana. These protocols, created by Ilja Moisejevs and Richard Wu, initially focused on NFT data aggregation before expanding to include a full suite of NFT trading tools, including a marketplace and automated market maker. Tensor leverages Solana’s high transaction speeds and low fees to support large-scale NFT trading, and TNSR tokenholders participate in community governance, deciding on protocol changes and trading fee adjustments. TNSR also provides holders with trading discounts and supports proposals to maintain and grow the Tensor ecosystem through the Tensor DAO.
Tensor (TNSR) is the governance token for the Tensor protocol ecosystem, a suite of decentralised trading protocols for non-fungible tokens (NFTs) built on the Solana blockchain. These protocols, managed by the Tensor Foundation, are designed to facilitate efficient and permissionless trading of NFTs with low fees, leveraging Solana's high throughput and speed. Tensor’s ecosystem includes several protocols for NFT trading, including Tensor Marketplace, a decentralised marketplace for buying and selling NFTs; Tensor AMM (Automated Market Maker), which allows for automated, permissionless NFT trading; Tensor Price Lock, an advanced protocol within the marketplace and AMM for specific price lock trades; Tensor Escrow, which handles fund escrowing across the ecosystem; and Tensor Whitelist, managing whitelisting of specific NFT collections.
The TNSR token is also involved in governance, giving holders the ability to influence protocol decisions and modify trading fees. Additionally, TNSR can be used to receive discounts on trading fees within the Tensor ecosystem.
Tensor (TNSR) serves several functions within the Tensor ecosystem: