Tensor Launches $TNSR: Empowering Users with Governance Token on Solana NFT Marketplace
The Tensor Foundation has announced the launch of a governance token, $TNSR, for its Solana-based NFT marketplace.
Towards Decentralized Governance
The Tensor Foundation revealed that the $TNSR token will play a pivotal role in the protocol’s governance.
While details about the token distribution, including the possibility of an airdrop, remain undisclosed, the foundation promises additional information in the near future.
To date, the Tensor marketplace has recorded over $2 billion in NFT trading volume on Solana. In the past 90 days alone, Tensor has facilitated more than 70% of Solana’s NFT exchange volume.
A Trend Towards Decentralization in the Solana Ecosystem
Tensor’s initiative aligns with a broader wave of DeFi projects on the Solana blockchain, opting for increased decentralization in their governance. Token holders are granted voting rights to have a say in the protocol’s future direction.
In general, active users on the platform, particularly those frequently engaging in NFT trading, are rewarded with a larger share of tokens, acknowledging their loyalty and participation.
