Solana-based NFT trading platform Tensor stated Tuesday it will release a token, $TNSR, whose holders will govern the procedure.
In a post on X (previously Twitter) the Tensor Foundation stated more information about the token’s release will come “quickly.” It did not state whether there would be an airdrop.
“Shortly, Tensor procedures will be embraced by the Tensor Foundation and governed by the Tensor neighborhood utilizing $TNSR,” the post read.
Considering that December a wave of crypto financing tasks in the Solana blockchain environment have actually launched tokens in efforts to “decentralize” their governance. Holders of these tokens get to vote on the instructions of their procedures. Frequently those who have actually utilized the procedure greatly– by, state, trading numerous NFTS– grow allowances of the token.
Modified by Nikhilesh De.
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