What is the issuance amount of Tensor (TNSR) coins?

With its issuance of 1 billion TNSR tokens, Tensor has established a solid base for its decentralized storage and research network, empowering users and incentivizing contributions.

Dec 29, 2024 at 06:54 am

Key Points:

• Tensor's (TNSR) total issuance amount is 1 billion tokens.
• TNSR is a native token of Tensor, a decentralized storage and research network.
• The token is designed for various use cases within the Tensor ecosystem.

Issuance Amount of Tensor (TNSR) Coins

Tensor has issued 1 billion TNSR tokens, the maximum supply for the token. This total issuance amount is set to remain unchanged, ensuring the scarcity and value of TNSR.

Token Usage and Utilities

TNSR tokens play a crucial role within the Tensor ecosystem, serving several functions:

• Reward Mechanism: TNSR tokens are distributed as rewards to users who contribute to the network's storage and research operations. This incentivizes participation and maintains the decentralized nature of the network.
• Staking: Users can stake TNSR tokens to support the security and stability of the network. In return, they earn additional TNSR through staking rewards.
• Governance: TNSR token holders have voting rights within the Tensor ecosystem. They can participate in community governance and decision-making, shaping the future development and direction of the network.
• Transaction Fees: TNSR tokens are used as a means of payment for transactions within the Tensor ecosystem. This includes fees for storage, research, and data retrieval services.

Token Allocation

The 1 billion TNSR tokens are allocated as follows:

• Token Sale: 30% of the tokens are allocated for public token sales to raise funds for network development.
• Community Rewards: 25% of the tokens are reserved for distribution as rewards to active users and contributors.
• Ecosystem Development: 20% of the tokens are dedicated to supporting ecosystem growth, including funding research and development initiatives.
• Team Allocation: 15% of the tokens are allocated to the Tensor team to incentivize their commitment and long-term involvement.
• Foundation: 10% of the tokens are held in a foundation to support the ongoing development and sustainability of the Tensor ecosystem.

FAQs

Q: What is the price of Tensor (TNSR) tokens?
A: The price of TNSR tokens fluctuates in real-time based on supply and demand in the cryptocurrency market. Check cryptocurrency exchanges or price tracking websites for the current price.

Q: How can I buy Tensor (TNSR) tokens?
A: You can buy TNSR tokens through cryptocurrency exchanges that support the token. Before purchasing, research the exchange's fees and reputation.

Q: Where can I store Tensor (TNSR) tokens?
A: You can store TNSR tokens in cryptocurrency wallets that support the TNSR network. Consider using wallets that offer secure storage and user-friendly interfaces.