Tensor_hq, a renowned digital asset company and the team behind the Tensorians non-fungible token collection and the Tensor NFT marketplace platform, has announced plans to launch a new product. The new product comes three months after Tensor_hq launched its native token, $TNSR, which saw a significant drop in value, leaving several crypto investors in massive losses.
Tensor_hq Announces New Crypto Product
In a blog post on September 20, Tensor_hq announced its plans to launch a new cryptocurrency-related product. While digital asset company Tensor has not shared any further details, its upcoming product has not been met with a warm reception. Instead, the upcoming product has sparked heated discussion online, with many investors expressing fear, uncertainty, and doubt “Fud.”
🚨 LATEST NEWS: @tensor_hq opens a waiting list for their new product pic.twitter.com/bxBt06SVuV
— SolanaFloor (@SolanaFloor) September 20, 2024
Founded in 2022, Tensor_hq is a digital asset incubation studio focused on providing traders with the deepest liquidity, broadest collection coverage, and advanced features. The digital asset company is backed by leading individual investors including venture capitalist Placeholder, Solana Ventures, and Solana founders Toly and Raj.
In April 2024, Tensor_hq launched its native token, $TNSR. The $TNSR token, with a total supply of 1 billion, plays a crucial role in this ecosystem, allowing community members to manage key parameters of Tensor protocols and earn discounts when trading. This governance token also allows holders to vote on proposals regarding the development of the protocol, including using the community treasury and other utilities.
Unfortunately, TNSR has fallen significantly since its inception. The price dropped from $1.90 in April 2024 to less than $0.40 in September 2024. At the time of publication, TNSR was trading at around $0.39. This crypto token has left many investors, who had initially invested heavily, holding investments that were almost worthless. Upon learning that Tensor_hq was launching another product, some investors expressed their dissatisfaction, fearing that it would be another blockbuster project.
Another fucking useless rug pulled.
— DeMomo ⭕️🦎🟩 (@CryptoMomo4) September 20, 2024
So, another platform facilitating scams? 🤣
— Mitoshi (@SuiKrypto) September 20, 2024
Other Tensor_hq products
Tensor_hq is the brainchild of Tensorians, a popular non-fungible token collection that features a limited edition of 10,000 profile picture (PFP) NFT collections hosted on the Solana blockchain network. The Tensorians NFT collection offers holders a variety of benefits, including access to a gated community, point rewards, Tensorians staking, and more. Tensorians has quickly grown to become one of the best-selling NFT collections in the Solana NFT ecosystem.
In addition to managing the Tensorians NFT collection, Tensor_hq also features an NFT marketplace. The NFT marketplace offers traders deep liquidity, fast transactions for NFT trading, and the ability to earn rewards. It also allows users to list, buy, sell, and trade non-fungible tokens. Its scalability and functionality are made possible by Solana’s speed and low transaction costs. Tensor has quickly grown to become one of the leading NFT marketplace platforms in the Solana NFT ecosystem.
Related NFT News:
Most Wanted Cryptocurrency Launch – Pepe Unchained
- Level 2 Meme Coin Ecosystem
- Featured in Cointelegraph
- SolidProof and Coinsult audited
- Staking Rewards – pepeunchained.com
- Over $10 Million Raised in ICO – Ending Soon
