Tensor
Crypto Overview
Purpose and Utility
Tensor is a Solana-based NFT and perpetual futures trading platform launched in 2023. The TNSR token serves as the platform's governance and utility token, primarily used for fee discounts, staking, and revenue sharing from the protocol's trading fees.
Business Model Analysis
The platform operates as a decentralized exchange focused on NFT trading and perpetual futures contracts. The core revenue model comes from trading fees collected from users engaging in NFT trades and perpetual futures trading.
Real-World Adoption
Tensor has gained significant traction in the Solana ecosystem, becoming one of the leading NFT trading platforms with substantial daily trading volume. The platform has processed billions in trading volume since its launch.
Development Activity
The project maintains active development with regular updates to the trading platform and protocol features. The team consistently releases new features and improvements to the trading interface.
Token Distribution
The token distribution includes allocations to the team, early investors, and community treasury, with vesting schedules in place. A significant portion was distributed through an airdrop to early platform users.
Platform Features
The primary features include: NFT trading marketplace, perpetual futures trading, fee sharing for token stakers, and governance participation.
Crypto Impact
To assign a comfort level investing in Tensor from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Tensor.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.