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

adminApril 9, 2024

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Solana Tensor, the digital marketplace for non-fungible token collections and the Tensorians NFT collection team, has launched its governance token ‘$TNSR’. In this article, we’ll 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 prominent organization focused on growing the community of Solana non-fungible token creators and builders, confirmed the launch of an airdrop event for Tensor NFT Marketplace users. The most hyped airdrop is from tensor.foundation.

$TNSR It’s live.
All treasure chests (S1, S2, S3) are now open.
You have 180 days to file a claim. $TNSR. pic.twitter.com/SqZjAZtw9I
— Tensor Foundation (@TensorFdn) April 8, 2024

Tensor launches governance token ‘$TNSR’

Launched in July 2022, Tensor is a non-fungible token marketplace and integration service designed to enable professional traders to buy, sell, and trade digital collectibles on the Solana blockchain network. The NFT marketplace has quickly grown to become one of the leading NFT marketplaces on Solana, offering a seamless and professional NFT trading experience.

To date, Tensor Protocol has traded $2 billion worth of Solana NFTs. Over the past 90 days, Solana has facilitated over 70% of NFT trading volume, excluding wash trading. In this context, the Tensor team sought the right to have the Tensor Protocol governed by the community.

Tensor has launched a governance token ‘$TNSR’ that allows holders to guide and influence the direction of the protocol through on-chain governance. The new $TNSR allows holders to control key parameters of the protocol and benefit from fee discounts when trading Tensor to $TNSR.

Tensor’s $TNSR allocation

The Tensor Governance Token features a fixed supply of 1 billion $TNSR crypto tokens, with 125 million tokens released in an initial airdrop. The Tensor team has allocated 55% of the total supply to the community, 27% to core contributors, 9% to investors and advisors, and reserved the remaining 9%. With cryptocurrency scams on the rise, users are advised to claim tokens only from official websites.

What is TNSR?$TNSR is @tensor_hqIt is a governance token that can guide and influence the direction of the protocol through on-chain governance.
Total supply: 1 billion
Initial airdrop: 125 million (12.5%) pic.twitter.com/Q2meVhiVri
— Phantom (@phantom) April 8, 2024

As the Bitget cryptocurrency exchange prepares to list the new $TNSR, Tensor’s native token, we expect to see even greater adoption of the NFT platform, further solidifying Solana’s position as the premier NFT marketplace. Tensor joins a fast-growing list of major NFT marketplaces that offer delegated governance to their communities, including the Blur NFT marketplace.

Meanwhile, after the positive news broke, the Tensorians NFT collection gained mainstream adoption among collectors. In the last 24 hours, the Tensorians NFT collection recorded $3 million in transaction sales, a surge of 833% from the previous day. Sales of Tensorians and other NFTs led to a 70% increase in Solana NFT revenue to over $8 million.

Sell Tensorians NFTs