Tensor is a leading NFT marketplace on Solana founded in July 2022. The platform aims to facilitate both new and experienced users with simple and advanced interfaces. Tensor also allows traders to purchase or sell multiple NFT’s by ‘sweeping’ and leverages automated market makers (AMM), this means users can instantly trade their NFTs through liquidity pools without having to wait for a buyer or seller.
$TNSR is the native token to the Tensor marketplace with a limited supply of 1 billion tokens. TNSR holders are allowed to participate in governance by using their tokens to vote on proposals through the Tensor DAO. Additionally, TNSR holders can enjoy a 25% fee reduction if they list their NFT in TNSR.