OKX and Bitget List NFT Marketplace Tensor’s Native TNSR Token

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On Monday, April 8, Tensor Foundation introduced its new governance token TNSR. This token enables holders to have a say in Tensor’s settings and enjoy discounted fees when transacting TNSR on the Solana-based marketplace. Users can claim their tokens before October 5, 2024.

Some leading crypto exchanges, including OKX and Bitget, were among the initial platforms to announce support for the TNSR token. Notably, OKX declared that TNSR would be available on its perpetual futures market. This move aligns with OKX’s mission to offer a wide range of trading opportunities for its users.

Users on OKX have the opportunity to increase their exposure to the Tensor native token, TNSR, by up to 50 times through margin trading, which was recently listed with a margined TNSR-USDT pairing. Starting from April 9, OKX will also provide users with the ability to engage in margin trading and utilize the Simple Earn feature for this particular token.

Bitget, another popular cryptocurrency exchange, recently announced that Tensor (TNSR) will be available for trading on their platform. Regarding this update, Gracy Chen, Bitget’s Managing Director, commented:

“A Tensor integration enriches our platform, broadening its scope and granting users entry to an innovative and cutting-edge NFT marketplace within the Solana network.”

More about Tensor And TNSR Tokens

In simpler terms, Tensor is a marketplace for buying and selling Non-Fungible Tokens (NFTs) on the Solana network. With over 30,000 collections available, traders have access to a large selection of NFTs to choose from. Additionally, Tensor’s interface is quick and adjustable, ensuring real-time updates and smooth transactions.

For experts, Tensor offers advanced functionalities with extensive capabilities for managing market orders and placing collection-wide bids. Furthermore, this platform introduces an original feature called “price lock,” allowing users to buy or sell NFTs with a minimal initial payment of only 3%.

The TNSR governance token has a total supply of 1 billion tokens. In the initial airdrop, Tensor has released 12.5% of the total supply. On the other hand, 55% of TNSR tokens have been allocated to the core community. Moreover, the core contributors have a right to 27% of the TNSR token supply. The remaining 18% stays reserved for future fundraising endeavors or for advisors and investors. As per the data from Lookonchain, a user received 712,348 TNSR tokens worth a staggering $1.5 million.

This guy received an #airdrop of 712,348 $TNSR, worth $1.5M!
He was also the $W airdrop recipient, receiving an #airdrop of 45,651 $W($45K).
— Lookonchain (@lookonchain) April 8, 2024

TNSR provides an opportunity for seven skilled Solana developers to be paid for reviewing Tensor protocols’ security. Their role is to detect any malicious proposals or potential risks to governance. Each member of this council receives a $1,000 monthly compensation in the form of governance tokens for their dedicated efforts in ensuring security.

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2024-04-09 11:48