Tensor (TNSR) is a pioneering NFT marketplace on the Solana blockchain, offering a comprehensive ecosystem for traders and creators. It provides advanced trading features, deep liquidity, and real-time updates, along with unique financial instruments like Price Locks and YOLO Buys. The platform is supported by the TNSR token, which plays a crucial role in governance, transactions, and community incentives.
Tensor (TNSR) is the governance token for the Tensor NFT marketplace on Solana. It empowers the community to manage key parameters of the Tensor protocols. By holding TNSR, users can vote on decisions related to the platform and are entitled to discounts when trading on Tensor’s protocols. Listings created in TNSR also have a 25% reduction in protocol fees.
To store Tensor (TNSR) tokens, you have two main options:
Store in a Custodial Wallet:
- Hold your TNSR tokens in your KuCoin account. This provides quick access to trading products like spot and futures trading, staking, lending, and more. KuCoin serves as the custodian of your crypto assets, which means they manage the security of your private keys. Ensure you set up a strong password and upgrade your security settings to prevent unauthorized access to your funds.
Store in a Non-Custodial Wallet:
- Withdraw your TNSR tokens to a non-custodial wallet, which grants you complete control over your private keys. You can use various types of wallets, including hardware wallets, Web3 wallets, or paper wallets. This option is more secure but may be less convenient if you plan to trade your TNSR frequently or use them for other activities. Be sure to store your private keys securely to avoid losing your tokens.
To buy Tensor (TNSR) tokens, follow these steps:
Choose a Cryptocurrency Exchange: Select a reputable exchange that supports TNSR, such as KuCoin, Binance, CoinEx, OKX, Bybit, gate.io, or MEXC. Compare fees, security features, and supported currencies before making a choice.
Create an Account: Sign up on the chosen exchange with your email address, mobile phone number, and country of residence. Ensure you create a strong password and set up two-factor authentication for added security.
Verify Your Account: Complete the verification process by providing personal information and uploading a valid Photo ID. This step is crucial to ensure the security and compliance of your account.
Add a Payment Method: Add a credit/debit card or bank account to fund your exchange account. This will allow you to purchase TNSR tokens.
Fund Your Account: Deposit funds into your exchange account using your chosen payment method. You can also transfer existing cryptocurrencies from another wallet or trading platform.
Select the Trading Pair: Find the TNSR trading pair in the spot market. For example, you can exchange USDT for TNSR.
Place a Buy Order: Decide whether to use a Market Order or a Limit Order. Market Orders execute immediately at the best available price, while Limit Orders specify a maximum price you are willing to pay.
Store Your TNSR Tokens: You can store your TNSR tokens in your exchange account or transfer them to a non-custodial wallet for greater control over your private keys.
Remember to stay informed about market conditions and adjust your investment strategy accordingly.
