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SENSO

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Discover SENSO's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is SENSO?

SENSO is the official cryptocurrency of Sensorium Galaxy, a social VR platform that aims to revolutionize entertainment, music, and social life. It is an ERC20 token that drives all value transactions within the platform, allowing users to purchase NFT avatars, participate in P2E games, and engage in various activities within the ecosystem.

How is SENSO used?

The SENSO token is the native cryptocurrency of Sensorium Galaxy, a social virtual reality (VR) platform. It serves as the primary medium of exchange within the platform, facilitating various transactions and interactions. Here are the key use cases for SENSO:

  1. Exclusive Membership Tiers: SENSO tokens unlock privileged access to virtual environments, allowing users to engage directly with avatar artists and experience exclusive events.

  2. Seamless Transactions: SENSO ensures a smooth user experience by enabling seamless transactions within the Sensorium ecosystem.

  3. Rewards and Digital Assets: Users can earn exclusive digital assets, including memecoins and NFTs associated with concerts, digital and historical artists, and major Sensorium events.

  1. NFT Minting: SENSO tokens can be used to mint NFT avatars and plots of land, with rewards and prizes distributed in SENSO for completing quests and winning game sessions.

  2. Governance: SENSO token holders can participate in crucial product-level and management decisions, shaping the future of the ecosystem.

  3. Discounts and Merchandise: Users can enjoy exclusive discounts on digital goods and upgrades, and purchase Sensorium merchandise and collectibles.

Overall, SENSO is the central currency driving the Sensorium Galaxy ecosystem, enabling users to engage in various activities, transactions, and experiences within the platform.

How do I store SENSO?

To store SENSO tokens safely, it is recommended to use a "Cold Wallet," which is a wallet that is totally offline. This type of wallet ensures the highest level of security for your tokens.

How to buy SENSO?

To buy SENSO tokens, follow these steps:

  1. Choose a Reliable Exchange: Find a reliable centralized exchange that lists SENSO. You can refer to CoinMarketCap's Markets section to find the list of exchanges where SENSO is available.

  2. Set Up a Crypto Wallet: Download and set up a crypto wallet like Trust Wallet, which supports the Ethereum network. Ensure you keep your seed phrase safe and note your wallet address.

  3. Buy Ethereum: Purchase Ethereum as your base currency on an exchange like Binance. If you are new to Binance, refer to their guide on buying Ethereum.

  1. Transfer Ethereum to Your Wallet: Withdraw the Ethereum from Binance to your Trust Wallet. Make sure to set the network to Ethereum and provide your wallet address.

  2. Select a Decentralized Exchange (DEX): Choose a DEX that supports your wallet, such as 1inch. Connect your Trust Wallet to the DEX using your wallet address.

  3. Trade Ethereum for SENSO: On the DEX, select Ethereum as the payment and SENSO as the coin you want to buy. If SENSO does not appear, find its smart contract address on Etherscan and paste it into the DEX.

  1. Complete the Swap: Once you have set up the trade, click the Swap button to complete the transaction.

Alternatively, you can also buy SENSO directly on exchanges like MEXC, which offers various payment methods and supports spot trading.

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History of SENSO

The history of SENSO (SENSO) dates back to 2018 when Sensorium, a Swiss company, was founded. Sensorium is a leading metaverse developer that leverages cutting-edge XR and AI technology to deliver next-generation virtual experiences in entertainment and social interaction. The company's flagship product is the award-winning Sensorium Galaxy metaverse project, which is the only global VR multiplayer platform that immerses users into multi-sensory experiences in virtual worlds across various content hubs.

Sensorium Galaxy was first introduced to the public in 2019 at the Electronic Entertainment Expo (E3) in Los Angeles. The platform aims to rethink the way people interact with each other and experience the arts, and it is expected to go live in the first half of 2021. The company expects to attract over 1.8 million users by the end of 2022, who would pay for access to the content exclusively with SENSO tokens.

The SENSO token, an ERC20 token, drives all value transactions within Sensorium Galaxy. It is the official currency of the platform and is used for various purposes such as purchasing NFT avatars, playing P2E games, and participating in product-level and management decisions. The token also provides exclusive membership tiers, seamless transactions, and rewards in the form of digital assets and NFTs.

Overall, SENSO has a strong foundation as the in-platform currency of a unique and innovative social VR platform, with a clear vision for its future development and user adoption.

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How SENSO works

The cryptocurrency SENSO is the native token of the Sensorium Galaxy, a virtual reality (VR) platform that connects people through immersive events and entertainment. It is built on the ERC-20 protocol, ensuring fair, quick, and transparent transactions within the Sensorium ecosystem.

Key Features and Use Cases
  1. Payment Engine: SENSO serves as the primary payment engine, facilitating seamless transactions across various activities within the Sensorium Arc. This includes collectible drops, NFT minting, DAO participation, and access to exclusive merchandise.

  2. Exclusive Access: Users can unlock exclusive membership tiers, gaining privileged access to virtual environments, direct engagement with avatar artists, and exclusive events.

  3. Rewards and Prizes: SENSO tokens are used to distribute rewards and prizes for completing quests and winning game sessions.

  1. NFT Minting: Users can mint NFT avatars and plots of land using their SENSO tokens.

  2. DAO Participation: SENSO empowers users to participate in crucial product-level and management decisions, shaping the future of the ecosystem.

  3. Discounts and Merchandise: Users can enjoy exclusive discounts on digital goods and upgrades and purchase Sensorium merchandise and collectibles.

Technology and Partnerships
  • Sensorium Galaxy: The VR platform connects people through immersive events and entertainment, featuring collaborations with renowned artists like David Guetta and Armin Van Buuren.

  • Web3 Strategies: Sensorium's cutting-edge Web3 strategies enhance the user experience, integrating XR content, entertainment, and the Web3 universe.

  • Apple's Vision Pro: The integration of Apple's Vision Pro AR/VR headset creates a synergy with Sensorium's XR, AI, and Web3 technologies, offering a transformative user experience.

Tokenomics and Evolution
  • Redesigned Tokenomics: The tokenomics model has been redesigned to emphasize versatility, loyalty programs, and increased community involvement, expanding the scope of SENSO.

  • Staking: SENSO is available for staking on platforms like KuCoin, offering an APR of 40% during a limited period of time.

Overall, SENSO is not just a digital currency but a passport to a diverse and growing digital universe, facilitating seamless transactions and enhancing user experiences within the Sensorium ecosystem.

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SENSO's strengths

The token SENSO (SENSO) has several strengths that make it a promising asset in the cryptocurrency market. Here are some of its key strengths:

  1. Decentralization: SENSO is part of the decentralized platform Sensorium Arc, which emphasizes user control and autonomy within the ecosystem.

  2. Enhanced User Experience: The token powers a wide range of functionalities within the Sensorium metaverse, including adaptive spaces, AI-generated music, and intriguing conversations with virtual beings, enhancing the overall sensory experience.

  3. Multi-Utility Token: SENSO has a broad range of utilities, including powering transactions, minting NFTs, participating in a DAO, and accessing exclusive events and digital assets.

  1. Support for Web3 Developers: Sensorium provides support for web3 developers, fostering innovation and growth within the ecosystem.

  2. Monetization Opportunities: The platform offers monetization opportunities for creators and users alike, encouraging active participation and engagement.

  3. Exclusive Benefits: SENSO holders receive exclusive benefits such as access to virtual environments, direct engagement with avatar artists, and exclusive events.

  1. Innovative Approach: Sensorium combines financial incentives with social engagement, making it an attractive platform for users and a promising vision for the future of Web3 entertainment.

These strengths position SENSO as a versatile and valuable token within the Sensorium ecosystem, offering users a wide range of benefits and opportunities for growth.

SENSO's risks

SENSO, as a cryptocurrency project, is exposed to various financial risks that can impact its value and stability. Some of the key financial risks associated with SENSO include:

  1. Market Risk: SENSO is susceptible to market volatility, which can lead to significant price swings. Changes in market conditions, such as shifts in investor sentiment or global economic trends, can affect the value of SENSO.

  2. Liquidity Risk: SENSO may face liquidity issues if there is a lack of buyers or sellers in the market, making it difficult to convert assets into cash quickly. This can be particularly problematic if SENSO holders need to liquidate their assets rapidly.

  3. Credit Risk: If SENSO is used for lending or borrowing purposes, there is a risk that borrowers may default on their obligations, leading to financial losses.

  1. Operational Risk: Poor management, technical failures, or security breaches within the SENSO ecosystem can negatively impact the project's performance and credibility.

  2. Currency Risk: As a cryptocurrency, SENSO is exposed to exchange rate fluctuations, which can affect its value relative to other currencies.

  3. Regulatory Risk: Changes in regulatory environments or legal frameworks can impact the legality or viability of SENSO, leading to potential financial losses.

  1. Speculative Risk: SENSO, like other cryptocurrencies, is often subject to speculative investments. If investors make poor decisions or overextend themselves, it can lead to financial instability.

  2. Counterparty Risk: SENSO transactions may involve counterparty risks, where one party in a transaction fails to meet their obligations, leading to financial losses.

  3. Model Risk: The use of financial models to predict SENSO's performance or value can be inaccurate, leading to poor investment decisions.

  1. Systemic Risk: SENSO, as part of the broader cryptocurrency market, is vulnerable to systemic risks that can affect the entire market, such as major security breaches or widespread adoption issues.

Understanding and managing these financial risks is crucial for the long-term success and stability of SENSO.

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Did SENSO raise funds?

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SENSO's ecosystem

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SENSO’s team

  • Brian Kean: Head of External Communications at Sensorium Corporation.

Whalee AI

The fundamental analysis assistant for crypto value investors.

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