Tensor is one of the top NFT marketplaces in web3.
Within just one year of its launch, it exploded in growth and popularity to become the preferred marketplace for the Solana community.
In this guide, we’ll explore all things Tensor and highlight what we know about the TNSR airdrop so far.
Quick View
- Project: Tensor
- Token Ticker: $TNSR
- Blockchain: Solana
- Sector: Non-Fungible Token (NFTs)
- Business Model: NFT trading marketplace
- Ethereum Counterpart: Blur
What does Tensor do?
Tensor is an NFT marketplace aggregator designed for professional traders to buy, sell, and trade NFTs on Solana. Having said that, Tensor also offers a “Lite” mode with a sleek interface and streamlined features for common collectors. This multipronged approach is bearing fruit, as the trading platform has become Solana’s leading NFT marketplace in terms of monthly trading volume.
Whereas OG NFT marketplace Magic Eden seems to cater to casual NFT buyers, Tensor’s focus on all types of NFT buyers seems to be paying off, as its users tend to trade higher volumes.
As for features, Tensor offers an NFT minting launchpad, NFT royalty customizing tools, and AMM-styled liquidity pools.
What is the TNSR token?
As of now, not many NFT marketplaces have a governance token. But Tensor, with TNSR, seems to be following a similar path as Blur with its governance token.
Mainly, TNSR will be used by the community to manage key parameters of the Tensor protocols.
- Total supply: 1 billion
- Initial airdrop: 125 million (12.5%)
How to qualify for the TNSR airdrop?
Similar to Blur, Tensor rolled out a rewards program through multiple rounds: Season 1-4.
How it worked was like this: After each season, you got different loot boxes based on the number of points you collect throughout the season from your activity.
In the early seasons, these loot boxes contained shards necessary for minting a Tensorian.
The later seasons, however, seemed to specifically focus on the TNSR allocation of users that traded on Tensor.
When will the TNSR airdrop happen?
Tensor opened the TNSR airdrop checker on Monday, April 8th, 2024. Check your allocation using only official links from our banners and Explore tab or Tensor’s official Twitter account.
⚠️ Beware: During airdrop season, scammers create imitation accounts to trick you into clicking phishing links and wallet drainers. Please exercise caution. Only click on, and visit, links from Tensor’s official Twitter account, and do not respond to direct messages from unknown parties related to the TNSR airdrop—regardless if you’re on X (formerly known as Twitter), Discord, Telegram, or other platforms.
For more on this, make sure to read our Solana Airdrops guide.
How to trade TNSR with Phantom?
- Notice: You need to hold SOL in your Phantom wallet to complete this process.
If you’re not eligible for a possible TNSR airdrop, you can buy, sell, and trade TNSR tokens with Phantom.
After logging-in to your Phantom browser extension or mobile app, select a wallet that holds the tokens you’d like to trade. Next, click on the swap (arrow) icon at the bottom. In the swap widget, select the token pair you’d like to trade, review the order, then submit!
How to set up a Phantom wallet?
If you’d like a friendly multichain wallet for crypto, DeFi, and NFTs, try us out! We offer browser extensions for Firefox, Chrome, Brave, and Edge, as well as apps for iOS and Android.
First, download Phantom. Then, create a new wallet.
If you’d like to fund, or send funds to, your Phantom wallet, you can do so via the “Buy” button on your asset tab. We offer various funding options, such as MoonPay, PayPal, and Robinhood to make it easy for you to fund your wallet.
Once you do that, you're ready to go.
How to bridge tokens to Solana with Phantom?
If this is your first time using Solana, you might have most of your assets on other blockchains, such as Ethereum and Polygon. With our Cross-Chain Swapper, you can bridge tokens across Solana, Ethereum, and Polygon right in your Phantom wallet. Here’s how:
Disclaimer: This guide is strictly for educational purposes only and doesn’t constitute financial or legal advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.
