Tensor, a well known NFT marketplace on the Solana blockchain, has declared that its TNSR token will go live on April 8th. Tensor’s season 3 rewards program comes to an end with the launch of the TNSR token, while season 4 trading incentives begin at the same time.
The Tensor Foundation declared that participants in its referral program will get “treasure boxes” filled with TNSR tokens as a way of appreciation from the organization. On launch day, these boxes which were gathered throughout the course of the first three seasons will be available and usable.
In addition to any awards obtained through the program’s point system, the Tensor Foundation is apportioning an additional 1% of the TNSR supply to committed community members, or “Tensorians,” who stay staked until the claim date.
Tensor holds the title for the most active wallets among Solana NFT marketplaces, demonstrating a high level of engagement within the Solana ecosystem. Despite having a massive user base, Tensor lags behind Magic Eden in terms of trading volume, with a 35% market share last month compared to Magic Eden’s 60%. This information comes from Tiexo data.
Coinbase has stated that it will list the TNSR coin when it launches, keeping on its history of endorsing assets based in Solana. This comes after Solana tokens, such as the well-known Bonk (BONK) meme coin, were recently listed on the marketplace.
