Tensor is an NFT marketplace on the Solana blockchain, known for its advanced trading tools and features. It offers users real-time data, historical candlestick charts and Automated Market Maker pools for NFT transactions. As the most extensive NFT marketplace within the Solana network, Tensor accounts for 60-70% of the network's daily NFT trading volume.
The platform recently launched its governance token, $TNSR, which experienced a 51% price increase in the first four hours following its distribution.
Tokenomics
The total supply of $TNSR tokens is capped at 1 billion, with the initial distribution detailed as follows:
- The community receives 55%, equating to 550 million $TNSR tokens. Within this allocation, 12.5% was dedicated to the initial airdrop.
- Core contributors are allocated 27% of the total supply, which amounts to 270 million $TNSR tokens.
- Investors and advisors receive 9%, translating to 90 million $TNSR tokens.
- A reserve for future fundraising and development also holds 9%, equivalent to 90 million $TNSR tokens.
The below image illustrates the respective allocations;
Vesting ( Vesting starts in March 2024 when $TNSR SPL token was deployed. )
The vesting schedule for $TNSR tokens is categorised into three distinct groups:
- For core contributors, investors and advisors: The vesting period spans three years with a linear distribution, including a one-year cliff.
- Half of the community treasury is subject to a three-year linear vesting period without any cliff.
- The remaining half of the community treasury and the reserve for future fundraising and development are not subject to any vesting constraints.
For the Community Treasury of $TNSR tokens, the distribution strategy is as follows:
Immediate Distribution: 12.5% of the total supply was designated for immediate distribution via the first airdrop, targeting owners of Treasure Boxes and members identified as Tensorians.
Subsequent Allocation: The remaining 42.5% of the community treasury will be allocated towards incentive programs, liquidity provisioning and grants that support the growth and development of the Tensor ecosystem.
Furthermore, since the control over the supply of $TNSR tokens is in the hands of the tokenholders, they have the governance capability to introduce a reasonable inflation rate. This option can be exercised through a voting process, especially when the community treasury's reserves are nearing depletion, to ensure sustainability and ongoing support for the ecosystem.
Tensor Protocols overview:
Disclaimer: This research report is exactly that — a research report. It is not intended to serve as financial advice, nor should you blindly assume that any of the information is accurate without confirming through your own research. Bitcoin, cryptocurrencies, and other digital assets are incredibly risky and nothing in this report should be considered an endorsement to buy or sell any asset. Never invest more than you are willing to lose and understand the risk that you are taking. Do your own research. All information in this report is for educational purposes only and should not be the basis for any investment decisions that you make.
Tensor is an NFT marketplace on the Solana blockchain, known for its advanced trading tools and features. It offers users real-time data, historical candlestick charts and Automated Market Maker pools for NFT transactions. As the most extensive NFT marketplace within the Solana network, Tensor accounts for 60-70% of the network's daily NFT trading volume.
The platform recently launched its governance token, $TNSR, which experienced a 51% price increase in the first four hours following its distribution.
Tokenomics
The total supply of $TNSR tokens is capped at 1 billion, with the initial distribution detailed as follows:
- The community receives 55%, equating to 550 million $TNSR tokens. Within this allocation, 12.5% was dedicated to the initial airdrop.
- Core contributors are allocated 27% of the total supply, which amounts to 270 million $TNSR tokens.
- Investors and advisors receive 9%, translating to 90 million $TNSR tokens.
- A reserve for future fundraising and development also holds 9%, equivalent to 90 million $TNSR tokens.
The below image illustrates the respective allocations;
Vesting ( Vesting starts in March 2024 when $TNSR SPL token was deployed. )
The vesting schedule for $TNSR tokens is categorised into three distinct groups:
- For core contributors, investors and advisors: The vesting period spans three years with a linear distribution, including a one-year cliff.
- Half of the community treasury is subject to a three-year linear vesting period without any cliff.
- The remaining half of the community treasury and the reserve for future fundraising and development are not subject to any vesting constraints.
For the Community Treasury of $TNSR tokens, the distribution strategy is as follows:
Immediate Distribution: 12.5% of the total supply was designated for immediate distribution via the first airdrop, targeting owners of Treasure Boxes and members identified as Tensorians.
Subsequent Allocation: The remaining 42.5% of the community treasury will be allocated towards incentive programs, liquidity provisioning and grants that support the growth and development of the Tensor ecosystem.
Furthermore, since the control over the supply of $TNSR tokens is in the hands of the tokenholders, they have the governance capability to introduce a reasonable inflation rate. This option can be exercised through a voting process, especially when the community treasury's reserves are nearing depletion, to ensure sustainability and ongoing support for the ecosystem.
Tensor Protocols overview:
Disclaimer: This research report is exactly that — a research report. It is not intended to serve as financial advice, nor should you blindly assume that any of the information is accurate without confirming through your own research. Bitcoin, cryptocurrencies, and other digital assets are incredibly risky and nothing in this report should be considered an endorsement to buy or sell any asset. Never invest more than you are willing to lose and understand the risk that you are taking. Do your own research. All information in this report is for educational purposes only and should not be the basis for any investment decisions that you make.
Tensor is an NFT marketplace on the Solana blockchain, known for its advanced trading tools and features. It offers users real-time data, historical candlestick charts and Automated Market Maker pools for NFT transactions. As the most extensive NFT marketplace within the Solana network, Tensor accounts for 60-70% of the network's daily NFT trading volume.
The platform recently launched its governance token, $TNSR, which experienced a 51% price increase in the first four hours following its distribution.
Tokenomics
The total supply of $TNSR tokens is capped at 1 billion, with the initial distribution detailed as follows:
- The community receives 55%, equating to 550 million $TNSR tokens. Within this allocation, 12.5% was dedicated to the initial airdrop.
- Core contributors are allocated 27% of the total supply, which amounts to 270 million $TNSR tokens.
- Investors and advisors receive 9%, translating to 90 million $TNSR tokens.
- A reserve for future fundraising and development also holds 9%, equivalent to 90 million $TNSR tokens.
The below image illustrates the respective allocations;
Vesting ( Vesting starts in March 2024 when $TNSR SPL token was deployed. )
The vesting schedule for $TNSR tokens is categorised into three distinct groups:
- For core contributors, investors and advisors: The vesting period spans three years with a linear distribution, including a one-year cliff.
- Half of the community treasury is subject to a three-year linear vesting period without any cliff.
- The remaining half of the community treasury and the reserve for future fundraising and development are not subject to any vesting constraints.
For the Community Treasury of $TNSR tokens, the distribution strategy is as follows:
Immediate Distribution: 12.5% of the total supply was designated for immediate distribution via the first airdrop, targeting owners of Treasure Boxes and members identified as Tensorians.
Subsequent Allocation: The remaining 42.5% of the community treasury will be allocated towards incentive programs, liquidity provisioning and grants that support the growth and development of the Tensor ecosystem.
Furthermore, since the control over the supply of $TNSR tokens is in the hands of the tokenholders, they have the governance capability to introduce a reasonable inflation rate. This option can be exercised through a voting process, especially when the community treasury's reserves are nearing depletion, to ensure sustainability and ongoing support for the ecosystem.
Tensor Protocols overview:
Disclaimer: This research report is exactly that — a research report. It is not intended to serve as financial advice, nor should you blindly assume that any of the information is accurate without confirming through your own research. Bitcoin, cryptocurrencies, and other digital assets are incredibly risky and nothing in this report should be considered an endorsement to buy or sell any asset. Never invest more than you are willing to lose and understand the risk that you are taking. Do your own research. All information in this report is for educational purposes only and should not be the basis for any investment decisions that you make.
