How much is the Tensor (TNSR) currency issued?

The Tensor (TNSR) token serves as the foundation of the Tensor Platform ecosystem, facilitating transaction fees, staking, governance, and incentives for developers and ecosystem growth.

Jan 04, 2025 at 03:16 pm

Key Points:

• Tensor (TNSR) Token Allocation and Distribution
• Token Metrics and Economics
• Role of TNSR in the Tensor Platform Ecosystem

Article:

1. Token Allocation and Distribution

Tensor (TNSR) is the native token of the Tensor Platform, a decentralized network for scalable and interoperable blockchain applications. The initial token distribution occurred during the Token Generation Event (TGE) in 2023, where TNSR tokens were sold to early investors and strategic partners.

The TNSR token allocation is as follows:

• Public Sale: 35%
• Team and Advisors: 20%
• Treasury (Ecosystem Grants, Marketing, R&D): 20%
• Seed Round Investors: 15%
• Private Sale: 10%

2. Token Metrics and Economics

• Total Supply: 1 billion TNSR
• Circulating Supply (TGE): 350 million TNSR
• Token Type: ERC-20

• Token Utilities:

  • Transaction fees on the Tensor Platform
  • Staking and governance
  • Access to exclusive platform features

The token economics of TNSR are designed to support the growth and sustainability of the Tensor Platform ecosystem. The limited total supply and the locking of team tokens create scarcity, while the deflationary mechanisms ensure that the value of TNSR increases over time.

3. Role of TNSR in the Tensor Platform Ecosystem

TNSR serves as the backbone of the Tensor Platform, facilitating various essential functions:

• Transaction Fees: TNSR is used to pay transaction fees on the platform, ensuring network security and the efficiency of transactions.
• Staking and Governance: TNSR holders can stake their tokens to secure the network, participate in governance votes, and earn rewards.
• Developer Incentives: TNSR is awarded to developers for building and deploying innovative applications on the Tensor Platform, encouraging the growth of the ecosystem.
• Ecosystem Grants: The Tensor Treasury allocates TNSR to fund external projects and research initiatives that align with the platform's vision.

FAQs:

Q: What is the value of TNSR today?
A: The current value of TNSR can be found on cryptocurrency exchanges and price tracking websites.

Q: Where can I buy TNSR tokens?
A: TNSR tokens are available for purchase on major cryptocurrency exchanges.

Q: How can I stake TNSR?
A: Staking TNSR is typically done through dedicated wallets or exchanges that support the Tensor Platform.

Q: What is the long-term vision of the Tensor Platform?
A: The Tensor Platform aims to become the leading platform for building and deploying scalable and interoperable blockchain applications.