Solana NFT Market Tensor is listed on Binance! Token TNSR soared over 8800%

Tensor, the NFT market of the public chain Solana ecosystem, announced on the 8th that its governance token TNSR was officially launched. Previously, users could obtain treasure chests based on their Tensor protocol usage, but now all treasure chests for the first, second and third season activities have been opened, and users have 180 days to apply for token airdrops.

Tensor officials stated that the Tensor protocol is a key NFT trading infrastructure built on Solana. So far, users have traded Solana NFT worth more than 2 billion US dollars through the Tensor protocol. In the past 90 days, Solana has achieved More than 70% of NFT trading volume on the Internet.

Token Economic Model

At the same time, Tensor announced its token economic model. The total supply is 1 billion TNSR tokens, and the initial distribution is as follows:

• The community accounts for 55%, which is 550,000,000 TNSR, of which 12.5% ​​is the initial airdrop.

• Core contributors account for 27%, or 270,000,000 TNSR.

• Investors and advisors account for 9%, or 90,000,000 TNSR.

• Future financing and development reserves account for 9%, which is 90,000,000 TNSR.

Token unlocking is divided into three parts:

• Core contributors, investors and advisors : 1-year lock-up period, linear unlocking in the next 3 years

• Half of the community treasury: no lock-up period, linear unlocking in the next 3 years

• The other half of the community treasury and reserves: no lock-up period, will be unlocked starting from March 2024, when TNSR tokens are deployed.

Approximately 12.5% ​​of the total supply in the community treasury will be immediately distributed to treasure chest holders and Tensorians through the first airdrop, and the remaining 42.5% will be used for Incentive programs, liquidity supply, and grants beneficial to the Tensor ecosystem.

Tensor stated that TNSR holders can control key parameters of the Tensor protocol and enjoy fee discounts when conducting transactions on Tensor.

TNSR currency price performance

Currently, Binance has listed Tensor (TNSR) at 23:30 on the evening of the 8th, and has opened TNSR/BTC, TNSR/USDT, TNSR/FDUSD, and TNSR/TRY. Wait for spot trading pairs.

After TNSR went online, its opening high soared from US$0.03 to US$2.689, with a maximum increase of more than 8853%. The author has made a correction at the moment and is currently at US$1.6842.

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