The Launch of the Tensor Foundation’s Governance Token TNSR
Welcome to the exciting new era of the Solana NFT marketplace, where the Tensor Foundation has introduced its governance token, TNSR. This move towards community governance puts the power directly into the hands of TNSR holders, allowing them control over various parameters within Tensor’s ecosystem. Additionally, holders of TNSR can enjoy fee discounts when utilizing the token for transactions on Tensor’s platform.
Tokenomics and Distribution of TNSR
- The total token supply for TNSR stands at 1 billion tokens.
- An initial airdrop of 12.5% of the total supply has been allocated, with 55% (550,000,000 TNSR) designated for the community.
- Core contributors will receive 27% of the total token supply.
- The remaining 18% will be divided among future fundraising initiatives, investors, and advisors.
The Anticipated Launch and Utility of TNSR
The Tensor Foundation had been building anticipation for the launch of its governance token, TNSR, for almost a month before the official release. While details were scarce initially, it has now been revealed that TNSR can be utilized across various Tensor protocols, including the Tensor NFT marketplace, Tensor automated market maker, and Tensor escrow, among others.
Proposals Submission and Security Measures with TNSR
The ownership of the governance token plays a crucial role in how users can submit governance proposals for community input on Realms, a Solana-based platform. Through Realms, which helps organizations manage their DAOs, users can engage in the following processes:
- Discussion and submission of proposals for voting by token holders on Realms.
- Submission of proposals by community members with a sufficient quantity of delegated tokens.
- Voting in proportion to the TNSR balance held in a wallet.
- Requirement of 250,000 TNSR to create a proposal, with a threshold of 10 million votes for passage.
- Payments to seven third-party Solana developers for security reviews of Tensor protocols.
In addition to facilitating governance proposals, TNSR also supports payments to a select group of Solana developers for reviewing Tensor protocols to identify and prevent malicious or harmful governance attacks.
About Tensor NFT Marketplace
Tensor is positioning itself as the “Blur of Solana” in the NFT marketplace landscape, catering to professional traders and enthusiasts alike. With a focus on providing a high-quality trading experience, Tensor has seen significant success, with daily trading volumes reaching $2.08 million on April 5, as reported by The Block’s Data Dashboard.
Hot Take: Engage and Empower with TNSR!
Immerse yourself in the world of decentralized governance and community empowerment with the launch of the TNSR token by the Tensor Foundation. This innovative approach not only grants you control over key parameters within the Tensor ecosystem but also offers exciting fee discounts for token holders. Get ready to submit proposals, engage in discussions, and participate in the governance of Tensor’s platform. With TNSR in your wallet, you have the power to shape the future of decentralized finance on Solana!
By
By
By
By