Introducing $TNSR - the future of NFT trading.
$TNSR will govern Tensor protocols that have already traded over $2bn worth of NFTs on the fastest, most scalable blockchain - Solana.
Treasure boxes contain $TNSR, the governance token for Tensor protocols that have traded over $2bn worth of NFTs.
Tokenomics & governance documentation will be made available during the claim next week.
Tensorians have been instrumental to Tensor protocol growth to date. As such, an additional 1% of $TNSR supply will be claimable by Tensorians that remain staked until the claim date.
To clarify: this is ON TOP of any allocation earned through points.
NFTs today are a niche community on the fringes of the web. NFTs tomorrow will power products, businesses and entire industries. NFT traders will go from thousands — to billions.
Tensorians
Tensorians points structure is changing. Going forward they will receive new, higher multipliers on earned points:
1 Tensorian: 1.25x
10 Tensorians: 1.5x
50 Tensorians: 2x
Only active use of Tensor protocols will be rewarded.
To date, Tensor protocols have traded over $2bn worth of Solana NFTs. In the last 90 days they facilitated over 70% of Solana’s NFT trading volume (wash trading removed).
Beyond stewarding the critical infrastructure, Tensor Foundation will foster an ecosystem of creators and builders dedicated to seeing NFTs succeed.
Web3 is about composability — and building together.
Tensor protocols are critical trading infrastructure for this new asset class. They are built on Solana — one of the only chains with the throughput, speed and low fees necessary for mass adoption.
4. Experimentation
@solana
's low cost enables teams to experiment and try radically new ideas.
xNFTs by
@Backpack
are one such example - an attempt to put executable applications directly on-chain. OPOS.
On careful review, we recognize this has led to our power users not being properly rewarded. These users provided the majority of the liquidity and were key to Tensor protocols' success.
Importantly, this extra allocation will be vested over 2 years (6 month cliff), creating long-term alignment with the Foundation. We want our most active users to be long-term partners in our success.
Tensor Foundation aims to build products that can touch billions of users. Therefore, our initial airdrop structure prioritized rewarding the maximum number of users that have helped our protocols grow.
To date, Tensor protocols have traded over $2bn worth of Solana NFTs. In the last 90 days they facilitated over 70% of Solana’s NFT trading volume (wash trading removed).
1. Scalability
NFTs are a consumer technology and consumer applications need scale. Solana enables this with Compressed NFTs (cNFTs).
Apps like
@drip_haus
are minting millions of NFTs per week for as little as $1,000 per 1M NFTs.
Today NFTs are a niche community.
Tomorrow NFTs will transform businesses, industries and entire economies.
Tensor protocols, governed by $TNSR, will power that future.
A total of 55% of $TNSR supply is allocated to the community, with 12.5% distributed through the initial airdrop.
Full tokenomics are available in the docs.
2. UX
Consumers want instant transactions and as few steps as possible.
Games like
@staratlas
are leveraging Solana to ship web2-like UX where the consumer doesn't even know they're using a blockchain.
3. Royalties
For a healthy ecosystem, Creators need to get paid.
Programmable NFTs (pNFTs) by
@metaplex
enable creator royalties to be enforced on-chain, guaranteeing a revenue stream for creators.
The time has come for Tensor protocols to be governed by the community.
$TNSR holders get to control protocols’ key parameters as well as benefit from fee discounts when transacting on Tensor in $TNSR.