Wrapped Hypertensor

TENSOR Price

About Wrapped Hypertensor (TENSOR)

Wrapped Hypertensor (TENSOR) is an Ethereum-based representation of the native asset for the Hypertensor network, a decentralized infrastructure platform designed to power a democratized artificial intelligence economy.

• The platform enables the creation of modular AI subnets that can host a wide variety of models, including large language models and image diffusion tools.
• It utilizes a specialized Proof of Inference mechanism to verify the accuracy and integrity of computational tasks performed across the network.
• Holders can participate in a democratic governance process to vote on the activation or removal of specific AI subnets within the ecosystem.

What Is Wrapped Hypertensor

Wrapped Hypertensor serves as a bridge for the Hypertensor AI economy into the Ethereum ecosystem. The core project is a decentralized platform that allows developers to launch Decentralized AI Applications (DAIapps) and AI agents through a system of subnets. Value moves through the system as users pay protocol service fees for access to incentivized intelligence and computational services provided by network participants.

The token is put to work through staking and validation. Network nodes must maintain an economic stake to secure the subnets and participate in consensus. As the ecosystem grows, the modular architecture allows for new subnets to be added, scaling the network's total computational capacity and the range of AI services available to users.

What Makes Wrapped Hypertensor Unique

• Subnet Democracy: Unlike many AI platforms, Hypertensor requires a democratic governance vote for the induction or removal of any subnet, ensuring community control over the types of AI models operating on the network.
• Proof of Inference (PoI): This mechanism provides a verifiable way to ensure that nodes have correctly performed inference or training tasks, preventing participants from submitting fraudulent or low-quality results.
• Overwatch Nodes: These are specialized staked participants that monitor the network to benchmark performance and verify that subnets remain verifiably decentralized.
• Modular Substrate Architecture: The underlying blockchain is built using the Substrate framework, allowing it to adapt to various AI categories such as convolutional neural networks and federated training.

What Can You Use Wrapped Hypertensor for?

• Staking and Validation: Users can run subnet validator nodes to secure the network and earn rewards for verifying AI computations.
• Governance Voting: TENSOR holders can propose and vote on subnet activations, deactivations, and configuration changes through the Subnet Democracy module.
• Subnet Initialization: Launching a new AI subnet requires a significant stake of TENSOR to meet initialization costs and fulfill minimum node requirements.
• Delegate Staking: Holders who do not wish to run their own infrastructure can delegate their stake to existing subnets to earn a portion of the generated rewards.

How Does Wrapped Hypertensor Work?

The Hypertensor network operates as a Layer 1 blockchain that serves as a consensus layer for securing decentralized AI models. It employs a hybrid consensus mechanism that separates block production from finality. Block production is handled by BABE (Blind Assignment for Blockchain Extension), which assigns slots to validators based on their stake. Finality is achieved through GRANDPA (GHOST-based Recursive Ancestor Deriving Prefix Agreement), which ensures that the blockchain cannot be reverted once a consensus of validators has reached an agreement.

Technical security is further bolstered by the Subnet Consensus Protocol (SCP). On each epoch, validators are randomly elected for each subnet to submit scores representing the computational contributions of other nodes. This data undergoes an attestation process where at least 66% of nodes must confirm the accuracy of the data for rewards to be distributed. This ensures that the decentralized AI models remain censorship resistant and fault tolerant, as no single central authority controls the decision-making process.

Team Info and Investors

The available source material does not specify the names of the individual founders or team members behind Hypertensor. The project appears to be community-focused and utilizes a decentralized governance model for its ongoing development. Similarly, detailed information regarding institutional investors or early backing rounds is not documented in the official whitepaper or homepage.

Where can you buy Wrapped Hypertensor?

TENSOR tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade Wrapped Hypertensor is Uniswap V2 (Ethereum), where the most active trading pair TENSOR/DAI has a trading volume of $9,133.47 in the last 24 hours.

What is the daily trading volume of Wrapped Hypertensor (TENSOR)?

The trading volume of Wrapped Hypertensor (TENSOR) is $9,133.47 in the last 24 hours, representing a 13.40% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Wrapped Hypertensor (TENSOR)?

Wrapped Hypertensor (TENSOR) reached an all-time high of $68.64 and an all-time low of $1.71. It’s now trading -88.10% below that peak and 376.80% above its lowest price.

What is the market cap of Wrapped Hypertensor (TENSOR)?

Market capitalization of Wrapped Hypertensor (TENSOR) is $7,253,189 and is ranked #1317 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of TENSOR tokens (890 Thousand tokens are tradable on the market today).

What is the fully diluted valuation of Wrapped Hypertensor (TENSOR)?

The fully diluted valuation (FDV) of Wrapped Hypertensor (TENSOR) is $7,253,189. This is a statistical representation of the maximum market cap, assuming total number of 890 Thousand ETH tokens are in circulation today.

How does the price performance of Wrapped Hypertensor compare against its peers?

With a price decline of -5.50% in the last 7 days, Wrapped Hypertensor (TENSOR) is outperforming the global cryptocurrency market which is down -6.70%, while underperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.

How to add Wrapped Hypertensor (TENSOR) to MetaMask?

Adding Wrapped Hypertensor (TENSOR) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import TENSOR as a token. You can copy TENSOR’s contract address (0x16a3543fa6b32cac3b0a755f64a729e84f89a75c) and import it manually, or if you've installed MetaMask's chrome extension, add TENSOR to MetaMask with one click on CoinGecko.

Add TENSOR to MetaMask.