Tensor, a leading NFT marketplace on the Solana blockchain, has announced the upcoming launch of its TNSR token, set for April 8. The introduction of the TNSR token aligns with the conclusion of Tensor’s season 3 rewards program and the initiation of season 4 trading incentives.
The Tensor Foundation announced that it would reward its community by giving “treasure boxes” with TNSR tokens to those in its referral program. These boxes, accumulated throughout the first three seasons, will be accessible and openable on the launch date.
Additionally, the Tensor Foundation is allocating an extra 1% of the TNSR supply to dedicated community members, or “Tensorians,” who remain staked until the claim date, on top of any rewards earned through the program’s points system.
Tensor has shown significant activity within the Solana ecosystem, Holding the record for the most active wallets among Solana NFT marketplaces. According to Tiexo data, despite having a large number of users, Tensor is behind its rival, Magic Eden, in trading volume, with a 35% market share compared to Magic Eden’s 60% last month.
Coinbase, a major American cryptocurrency exchange, has expressed intentions to list the TNSR token upon its release, continuing its trend of supporting Solana-based assets. This follows the platform’s recent listings of Solana tokens, including the popular Bonk (BONK) meme coin.
Also read: NEAR Introduces One-Account Multichain Transactions.
