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Home > News
Published: 13/03/2024
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Author: Kane
Tensor Will Launch TNSR Token Soon
Tensor, an NFT platform on the Solana network, has just announced that they will be releasing their own token called TNSR, but they have not disclosed further details.
Azcnews Breaking
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.
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.
Interface Tensor
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.
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