NFT Marketplace Tensor Launches Its Native Token $TNSR

NFT Marketplace Tensor Launches Its Native Token $TNSR – Tensorians NFT Sales Jump 800%

Updated: 09 April 2024

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Tensor, a digital marketplace for Solana non-fungible token collection and the team behind the Tensorians NFT collection, has launched its governance token, ‘$TNSR.’ In this article, we will share everything you need to know about the Tensor $TNSR airdrop and how to stay safe.

In an April 8 blog post, the Tensor Foundation, a renowned organization focused on growing a community of Solana non-fungible token creators and builders, confirmed launching an airdrop event for Tensor NFT marketplace users. The most hyped airdrop is live on tensor.foundation.

$TNSR is live.

All treasure boxes (S1, S2 and S3) are now opened.

You have 180 days to claim your $TNSR. pic.twitter.com/SqZjAZtw9I

— Tensor Foundation (@TensorFdn) April 8, 2024

Tensor Launches Its Governance Token ‘$TNSR’

Launched in July 2022, Tensor is a non-fungible token marketplace and aggregator designed for professional traders to buy, sell, and trade digital collectibles on the Solana blockchain network. The NFT marketplace has rapidly ascended to one of the top NFT marketplaces, offering a seamless and professional NFT trading experience in Solana.

To date, Tensor protocols have traded over $2 billion worth of Solana NFTs. In the last 90 days, they facilitated over 70% of Solana’s NFT trading volume, with wash trading removed. In that context, the Tensor team has found the right for the Tensor protocols to be governed by the community.

Tensor has launched its governance token, ‘$TNSR,’ which allows holders to guide and impact the protocol’s direction via on-chain governance. The new $TNSR will enable holders to control protocols’ key parameters and benefit from fee discounts when transacting on Tensor in $TNSR.

Tensor’s $TNSR Allocation

The Tensor governance token will feature a fixed supply of 1 billion $TNSR crypto tokens, with 125 million tokens released in the initial airdrop. The Tensor team has allocated 55% of the total supply to the community, 27% to core contributors, and 9% to investors and advisors, reserving the remaining 9%. Amid the rise of crypto scams, users are advised to claim tokens to only official websites.

What is TNSR?$TNSR is @tensor_hq’s governance token, which allows you to guide and impact the protocol's direction via on-chain governance.

Total supply: 1 billion
Initial airdrop: 125 million (12.5%) pic.twitter.com/Q2meVhiVri

— Phantom (@phantom) April 8, 2024

With Bitget crypto exchange preparing to list the new $TNSR, Tensor’s native token, the NFT platform’s adoption is expected to soar even higher, further solidifying its position as Solana’s premier NFT marketplace. Tensor joins a rapidly growing list of leading NFT marketplaces that gave delegated governance to their communities, including the Blur NFT Marketplace.

In the meantime, after the bullish news broke, the Tensorians NFT collection has gained mainstream adoption among collectors. In the past 24 hours, Tensorians NFT collection has amassed a trading sales volume of $3 million, representing an 833% surge from the past day. Tensorians and other NFT sales have pushed Solana NFT sales up 70% to +$8 million.