Tensor Will Launch TNSR Token Soon

In a recent announcement made on the morning of March 13th, Tensor has introduced its own token for the NFT marketplace, named TNSR, with its primary function being protocol management. However, the project has not provided complete information about the TSNR token such as tokenomics, distribution schedule, or the airdrop timing.

Introducing $TNSR – the future of NFT trading.$TNSR will govern Tensor protocols that have already traded over $2bn worth of NFTs on the fastest, most scalable blockchain – Solana. pic.twitter.com/eff2IxGOwr

— Tensor Foundation (@TensorFdn) March 12, 2024

Tensor is committed to continuing to drive the development of NFTs, especially on the Solana platform.

Introduction to Tensor

Tensor is the number one NFT Marketplace on Solana, backed by Placeholder VC, Solana Ventures, and Solana founders Toly and Raj. Currently, it holds over 33% of the Solana NFT market share and is predicted to undergo significant growth, transitioning from a niche market to a crucial resource for industries.

Tensor has recorded over $2 billion in trading volume to date, and in the past 90 days, it has processed up to 70% of Solana’s total NFT trading volume.

Additionally, Tensor NFT serves as an open-source Python framework for building, training, evaluating, and deploying robust trading algorithms using reinforcement learning.

Tensor has raised $3 million from prominent Solana investment funds such as Placeholder VC, Solana Ventures, and Solana founders in March 2023. The project, dubbed “Blur on Solana,” aims to attract professional NFT traders.

Related: Saga Gaming Token Airdrop Across Solana and Other Networks

Not long ago, another major project on Solana, Kamino, also announced plans for an airdrop of their KMNO token and set the execution date.

According to the announcement, the project will allocate 7% of the total KMNO supply for the first token reward, known as “Genesis Distribution.”

The total supply of KMNO is 10 billion tokens, with 1 billion tokens initially circulated. 7% of the total supply will be allocated for the first airdrop, scheduled for March 31, 2024, with the airdrop in April.