What is Tensor? Tensor (TNSR) Token Airdrop Guide

Tensor is one of the leading web3 NFT marketplaces.

 

Its inception was followed by an explosive growth and popularity within a year, making it the community’s preferred marketplace in Solana.

 

We’ll go over everything Tensor in this tutorial, as well as what we currently know about the TNSR airdrop.

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What is Tensor?

 

Improved coverage, additional data, and more complex order types are offered by Tensor, an NFT marketplace on Solana. Users can create listing, bidding, and market-making orders without incurring any expenses, paying only a 1% taker fee.

 

Tensor also applies a royalty rate of 0% to some collections while paying full royalties to others. Users are required to pay the mandated royalties when they buy an item from the listing or sell it directly to a bid. Keep in mind that Tensor’s fees and royalties are subject to change.

 

 

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What is the TNSR token?

 

Few NFT marketplaces feature a governance token as of now. However, Tensor appears to be going in the same direction as Blur with TNSR, its governance token.

 

The community will primarily employ TNSR to control important Tensor protocol parameters.

 

Total amount provided: $1 billion

First airdrop: 125.5 million (125 million)

 

 

 

How does Tensor Work?

 

To buy, sell, and trade NFTs on Solana, experienced traders can use Tensor, an aggregator for NFT marketplaces. That being said, Tensor also has a “Lite” mode for regular collectors that has a simple UI and less functionalities. The trading platform has emerged as Solana’s top NFT marketplace in terms of monthly trading volume, demonstrating the success of this multifaceted strategy.

 

Tensor’s focus on serving all kinds of NFT customers appears to be paying off, as its users often trade larger volumes, whereas Magic Eden, the first NFT marketplace, appears to appeal to casual NFT buyers.

 

Tensor features include an NFT minting launchpad, tools for adjusting NFT royalties, and liquidity pools that are modeled like AMMs.

 

 

 

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How to Get the the TNSR Airdrop?

 

Tensor, like Blur, had a rewards program that was phased in over the course of four seasons.

 

The basic idea was that you would get a different kind of treasure box at the end of each season depending on how many points you had accumulated from your activities that season.

 

During the early seasons, these treasure chests held the fragments needed to craft a Tensorian.

 

However, it appeared that the TNSR distribution of Tensor traders was the main emphasis of the subsequent seasons.

 

 

 

 

 

 

How to Get the Tensor Season 2 Airdrop?

 

There are three requirements to meet in order to be eligible for the Tensor Season 2 airdrop: market-making, listing, and bidding. Only on TensorSwap may you complete these three tasks. You can further increase your point total by completing the following tasks:

 

• Market-making, listing, and bidding on increasingly well-known NFT collections.
• Listing and bidding nearer the floor price.
• Extending the duration of your listings and bids.

 

Of the three, market-making is presumably the simplest because any accepted bid will automatically become a listing, and any accepted listing will automatically become a bid. In the process, you can earn fees as an extra benefit!

 

However, it will cease accruing points if you are bidding and listing on TensorSwap and they are taken. It’s also crucial to remember that you won’t receive any points for the following actions:

 

• Listing and bidding excessively above the floor price.
• Auctions and listings for rare NFT collections.
• Buying and selling NFTs to oneself is known as “wash trading.”

 

 

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Eligibility Requirements for the Tensor Season 3 Airdrop

 

Participants in the Tensor season 3 airdrop will get Treasure Boxes. Tensor ($TSNR) tokens are contained in these Treasure Boxes in proportion to the users’ usage of Tensor’s protocols.

 

 

How to Get the Tensor Season 4 Airdrop?

 

1.Place a bid

Link your Solana wallet to https://www.tensor.trade/ (such as the Phantom wallet). Click on the NFT collection that piques your curiosity. Select the NFT you want to bid on or purchase. It is advised that you make multiple deals because you could receive extra points for doing so.

 

 

2.Trade NFTs

 

Go to the “Sell” page on Tensor in order to list NFTs. If there is an open collection-wide bid, you can sell any NFTs you hold for SOL right away by selecting the “Sell now” option. Hover your cursor over the NFT and select “sell,” then finalize the transaction to expedite the sale. The bulk sell mode is an additional choice. Use the slider or click on the NFTs to choose which ones you want to sell in bulk. Click the “Sell” button to confirm the transaction and view your entire sell proceeds.

 

 

3.Enumerate NFTs

 

The benefits of listing NFTs on Tensor are twofold. Firstly, the total fees are limited to 1.4% of the taker charge plus any applicable royalties. There is also the option to sell on Bonding Curves. Thus, you are able to sell the first NFT for X SOL, the second for X + Y SOL, the third for X+2Y SOL, and so on. As a result, you can get paid more for your NFTs because the price will rise automatically.

 

Click the “List” tab on Tensor to list. Decide how many NFTs you want to sell for sale. You can use the slider to list them all at once or pick each one out of the gallery one at a time. Next, indicate the initial price, or the amount you wish to get for the sale of your first NFT. Next, you can define the price rise after each NFT purchase, often known as the “increase by” or “delta.” The first NFT sale will take place at 4.5 SOL, the second at 5.0 SOL, the third at 5.5 SOL, and so on until all the NFTs have been sold. As an illustration, let’s say you set the initial price for the NFT at 4.5 SOL and specified an increment of 0.5 SOL. The system will show you the precise amount of SOL you would receive if you were able to sell every NFT you are advertising before you sign the deal.

 

 

4.Market-make

 

Toggle to Pro Mode at the bottom of the TensorSwap interface in order to market-make on Tensor. Next, select the “Market-make” tab by clicking on the “Trade” tab in the upper left corner. Decide how many NFTs you want to buy at first, and make sure you have enough SOL deposited to pay the purchase. Choose the NFTs that you are willing to sell from your wallet, then enter the beginning price. The starting price is the amount at which you plan to begin selling your first NFT, and it will serve as the base price for all further adjustments. Decide how much the price will change (in SOL or%) following each buy or sell transaction. This is the price change mechanism. Next, decide on the fee you would like to receive as a percentage of the difference between the purchase and sale prices. To find out how much SOL is required to purchase NFTs and how much money you could make from selling them, view the summary. Send your market-making order to Star Trading and sign the transaction in your wallet at the end.

 

Please take note that rare NFTs should not be deposited into market-making orders and that loss is temporary.

 

 

5.Use price locks

 

Users can “lock-in” a buy or sell price for a period of seven days with Tensor’s price lock feature. You can purchase a price lock or you can be a maker (i.e., provide the funding for the price lock) when it comes to pricing locks.

 

 

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