TNSR Finance Describes Itself As

Tensor is the leading NFT marketplace on the Solana blockchain, establishing itself as a significant competitor to other marketplaces like Magic Eden. It has garnered attention for its rapid growth and innovative features tailored for both regular users and professional NFT traders. Tensor is known for its advanced functionalities, including: 

• TradingView integration
• Collection-wide bids
• Market-making orders 
• Loyalty-like reward programs for traders
• Compressed NFTs to offer low-cost, massive-scale NFT minting

Tensor emphasizes user engagement and collaboration with creators to offer unique experiences and rewards, as demonstrated by its dedicated support for collections. 

What does the TNSR token do?

The TNSR token is a governance token announced by the Tensor Foundation. It's designed to empower the Tensor community by allowing token holders to participate in the platform's governance decisions. The introduction of the TNSR token is decentralizing the platform's operations, reflecting Tensor's vision of NFTs powering not just a niche community but entire industries. 

Who founded Tensor?

Tensor was co-founded by Ilja Moisejevs and Richard Wu. Its private beta launched in June 2022, with the public launch taking place the following month.  

Risks of TNSR

Like an investment in other crypto assets, there are some general risks to investing in TNSR. These include:  (i) volatility risk and liquidity risk, (ii) short history risk, (iii) demand risk, (iv) forking risk, (v) code defects, (vi) regulatory risk, (vii) electronic trading risk, and (viii) cyber security risk. For additional information of these and other general risks associated with crypto assets and Uphold’s platform, please refer to the Risks Specific to Holding Digital Assets statement.

In addition to these general risks, an investment in TNSR is subject to the following specific risks:

• Tensor operates using smart contracts, which have an association with vulnerabilities and security breaches. Despite undergoing successful audits by well-regarded third-party entities, it is essential to acknowledge the existence of inherent risks. 
• TNSR token holders are able to participate in governance, and influence certain aspects of the protocol.

We emphasize that this Crypto Asset Statement is not an exhaustive description or summary of all risks associated with TNSR. Investors should conduct their own research and perform their own assessment before trading any crypto asset to determine the appropriate level of risk for their personal circumstances.

The TNSR community and Tensor founding team are not under any legal or regulatory obligation to disclose material information to the public regarding its activities. Holders of TNSR have no recourse to the TNSR community, Tensor founding team, or Uphold if TNSR declines in value for any reason.

Changes to applicable law may adversely affect the use, transfer, exchange, or value of any of your crypto assets, and such changes may be sudden and without notice.

Uphold’s Evaluation Process

Prior to listing TNSR on the Uphold Platform, Uphold performed due diligence on TNSR and determined that TNSR is unlikely to be a security or derivative under relevant securities legislation. Uphold’s analysis including reviewing publicly available information on the following: 

• The creation, governance, usage, and design of TNSR, including ensuring the source code is open-source, audited and peer reviewed, security, and roadmap for growth in the developer community. 
• The supply, demand, maturity, utility, and liquidity of TNSR.
• Any marketing materials put forward by the TNSR social team including on, Twitter, Medium blog, LinkedIn posts, Discord and Telegram channels.
• Material technical risks associated with TNSR, including any code defects, security breaches and other threats concerning TNSR and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them.
• Legal and regulatory risks associated with TNSR, including any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of TNSR.

General

Uphold has prepared this Crypto Asset Statement based on publicly available information. Although Uphold has taken steps to obtain information from apparently reliable sources, information contained in this Crypto Asset Statement may be inaccurate, incomplete or out-of-date. This overview is a starting point for you to perform your own research prior to investing in a crypto asset.

Uphold users should read the Risks Specific To Holding Digital Assets statement for additional discussion of general risks associated with crypto assets made available through the Uphold platform.  

Canadian residents, please note that Uphold has filed an application for registration in certain Canadian jurisdictions but has not yet obtained registration. Until such time as Uphold obtains registration, Uphold has agreed to abide by the terms of an undertaking available at the following link. Please also review the Uphold Canada – Crypto Risk Statement for additional discussion of general risks associated with the crypto assets made available through Uphold Platform. Please be aware that statutory rights of action for damages or rescission in section 130.1 of the Securities Act (Ontario) and, if applicable, similar statutory rights under securities legislation in the other provinces and territories of Canada do not apply in respect of this Crypto Asset Statement or other disclosures on the Uphold website and Risks Specific To Holding Digital Assets statement. 

Last updated on April 10, 2024.