Solana NFT Marketplace Tensor's Token Debuts to $640 Million in Trading Volume
The debut of Tensor's TNSR token on the Solana NFT marketplace has made significant waves in the crypto industry, with impressive trading volume and notable rewards for participants.
Impressive Trading Volume: The launch of TNSR saw trading volume surpassing $640 million within just seven hours of its launch. This indicates strong demand and interest in the token within the crypto community.
Airdrop Rewards: Tensor implemented a rewards initiative similar to BLUR on Ethereum, offering rewards split into seasons. Participants received loot boxes at the end of each season, essential for creating Tensorian NFTs. Holders were also rewarded for holding and staking the NFT.
Significant Token Allocation: One lucky Tensor user received 712K TNSR tokens, valued at approximately $1.15 million. While it's unclear if this is the largest single allocation, it highlights the potential rewards available to participants.
Token Utility: The TNSR token will be used by the community to manage key parameters of the Tensor protocols. A significant portion of the token supply (55%) has been allocated to the community, with the initial airdrop comprising 125 million tokens (12.5% of the total supply).
Claiming Process: Eligible participants have 180 days to claim their TNSR tokens on the decentralized exchange aggregator Jupiter. However, it's important to note that users from the United States are not eligible for the airdrop.
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