What is the circulating supply of Tensor (TNSR) coins?

With a circulating supply of approximately 30 million out of a maximum supply of 100 million, TNSR ranks as the 402nd largest cryptocurrency based on market capitalization.

Jan 02, 2025 at 09:50 pm

Key Details Regarding Tensor (TNSR)

• TNSR ranks as the 402nd largest cryptocurrency based on market capitalization.
• The current circulating supply of TNSR coins is approximately 30 million.
• The maximum supply of TNSR coins is capped at 100 million.
• TNSR is currently trading at around $0.0024.
• The TNSR platform is focused on providing innovative tech solutions for blockchain technology.
• TNSR uses a unique consensus mechanism called the Proof-of-Trust (PoT) algorithm to secure its network.
• The PoT algorithm leverages reputation-based scoring systems to verify transactions, making it energy-efficient and scalable.

Understanding Circulating Supply

• Circulating supply refers to the number of TNSR coins that are in active circulation and readily available for trading.
• Coins that are held in reserve, locked in smart contracts, used for staking, or burned are not included in the circulating supply.
• The circulating supply of a cryptocurrency can impact its price and valuation. A lower circulating supply can make a coin more scarce and potentially drive up its value.

Calculating Circulating Supply

• To calculate the circulating supply of TNSR coins, the following formula is typically used:

  • Circulating Supply = Total Supply - Coins Held in Reserve - Coins Locked in Smart Contracts - Coins Used for Staking - Burned Coins
• The TNSR team regularly updates the circulating supply information on their official website and in public documentation.

Significance of Circulating Supply

• Circulating supply plays a crucial role in determining the market value of a cryptocurrency.
• A lower circulating supply typically indicates that the coin is more scarce, which can lead to increased demand and potentially higher prices.
• Monitoring the circulating supply of a cryptocurrency can help investors assess its potential value and make informed decisions regarding their investments.

FAQ

1. What is the future outlook for TNSR's circulating supply?

The TNSR team has not publicly announced any plans to adjust the maximum supply or the circulating supply. The current supply dynamics, including the distribution of coins among holders and the pace of new coin issuance, will influence the future trajectory of TNSR's circulating supply.

2. How does TNSR's circulating supply compare to other cryptocurrencies?

The circulating supply of TNSR is relatively low compared to many other cryptocurrencies in the market. This scarcity may contribute to its potential value and desirability among investors.

3. Can the TNSR circulating supply be audited?

The TNSR team should provide transparent and verifiable data regarding the circulating supply. Independent audits or community-led initiatives can enhance the credibility of these figures and foster trust among the user base.

4. What factors could potentially affect TNSR's circulating supply?

Various factors could impact TNSR's circulating supply, including market demand, adoption rates, regulatory changes, and the team's own decisions regarding coin issuance or burning. Monitoring these factors can help investors anticipate potential shifts in supply and their impact on the coin's value.