TNSR/USD: Convert Tensor (TNSR) to United States Dollar (USD)

Tensor (TNSR) is a prominent player in the Non-Fungible Token (NFT) marketplace, specifically within the Solana blockchain ecosystem. It aims to provide a fast and professional NFT trading experience, offering a wide range of the latest NFT projects on Solana. The Tensor Foundation facilitates community-led governance over Tensor protocols and seeks to develop the Tensor ecosystem. The $TNSR token, with a total supply of 1 billion, plays a crucial role in this ecosystem, enabling community members to manage key parameters of the Tensor protocols and get discounts when trading on Tensor protocols.

Tensor operates through a series of protocols that facilitate the trading of NFTs on the Solana blockchain. These protocols include the Tensor Marketplace, Tensor Automatic Market Maker (AMM), Tensor Price Lock, Tensor Escrow, and Tensor Whitelist. The $TNSR token is used for governance, allowing token holders to manage key parameters of the Tensor protocols. The governance process involves three steps: research forum discussion, Realms tokenholder voting, and a security council review & execution. The Tensor protocols have been audited for security and are in the process of being made open source.

Tensor aims to serve as a critical trading infrastructure for NFTs built on Solana, a blockchain known for its throughput, speed, and low fees. It seeks to facilitate permissionless trading of NFTs, providing a platform for NFT collectors and traders to engage in transactions. The $TNSR token can be used by holders to get discounts when trading on Tensor protocols, and if the listing is created in $TNSR, the protocol fee is reduced. Furthermore, the Tensor Foundation aims to use the $TNSR token to facilitate community-led governance over Tensor protocols, allowing token holders to vote on key parameters and proposals.

Tensor was launched in July 2022 and quickly gained momentum for offering a fast and professional NFT trading experience on Solana. In less than a year, it rose to the top spot as the largest NFT marketplace on Solana, with 60-70% of Solana NFT volume flowing through Tensor's marketplace protocols every day. To date, Tensor protocols have traded over $2bn worth of Solana NFTs. The Tensor Foundation was established to facilitate community-led governance over Tensor protocols and to help the Tensor Decentralized Autonomous Organization (DAO) grow and develop the Tensor ecosystem.