Which exchange is the earliest for Tensor (TNSR) currency?

Bittrex emerged as the pioneering platform for Tensor (TNSR) trading in 2018, solidifying its status as the earliest exchange for the cryptocurrency.

Dec 28, 2024 at 07:12 pm

Key Points:

• Early Adoption of Tensor (TNSR)
• Listings, Delistings, and Relaunches
• Trading Activity and Volume
• Current Market Status of TNSR

Which Exchange is the Earliest for Tensor (TNSR) Currency?

• Bittrex (2018): Bittrex was the first major exchange to list TNSR in 2018, establishing itself as the earliest platform for trading the currency.

Listings, Delistings, and Relaunches

• HitBTC (2019): HitBTC listed TNSR in 2019, increasing its accessibility to a wider market.
• KuCoin (2021): KuCoin delisted TNSR in 2021 due to low trading activity.
• Gate.io (2022): Gate.io relisted TNSR in 2022 following a community vote.

Trading Activity and Volume

• Bittrex (Leading Trading Platform): Bittrex remains the primary trading platform for TNSR, accounting for a significant portion of its daily trading volume.
• Decentralized Exchanges (DEXs): Uniswap and PancakeSwap have become active trading platforms for TNSR, offering decentralized access to the currency.
• Influx of Trading Volume: Recent market activity has seen an influx of trading volume on TNSR exchanges, indicating a renewed interest in the currency.

Current Market Status of TNSR

• Price Volatility: TNSR has experienced considerable price volatility since its launch, with significant fluctuations observed in its market value.
• Market Cap: As of November 2023, TNSR's market capitalization stands at approximately $100 million, placing it among the mid-tier cryptocurrencies in terms of valuation.
• Community Support: A dedicated community of supporters provides ongoing development and support for TNSR, actively promoting its adoption and use cases.

FAQs

• Q: What is the use case of Tensor (TNSR)?

  • A: TNSR is a native token designed for use on the Tensor decentralized blockchain platform, providing staking rewards for network participants and enabling transactions within the ecosystem.

• Q: Why was TNSR delisted from KuCoin?

  • A: KuCoin delisted TNSR in 2021 due to low trading volume, indicating a lack of significant market interest at that time.

• Q: How can I acquire TNSR?

  • A: TNSR can be purchased through exchanges such as Bittrex, HitBTC, and Gate.io. Decentralized exchanges like Uniswap and PancakeSwap also offer trading options for the currency.

• Q: What is the future outlook for TNSR?

  • A: The future of TNSR depends on various factors, including market adoption, ecosystem development, and overall cryptocurrency market trends.

• Q: What are the risks associated with investing in TNSR?

  • A: As with any cryptocurrency, investing in TNSR carries risks such as price volatility, market fluctuations, and potential security vulnerabilities.