A unique pricing structure, similar to Blur on Ethereum, is provided by Tensor, an NFT marketplace based in Solana. Tensor token ($TNSR) continue to be available for claim after the Season 3 airdrop concluded.
This is our airdrop guide for Tensor ($TNSR) tokens.
Table of Contents
Read More: What are Crypto Airdrops?
Tensor Airdrop Step-by-Step Guide
The following is how to get a possible airdrop of Tensor token:
- Market-making, listing, and bidding on growing popular NFT collections.
- Listing and bidding in a closer distance to the floor price.
- Maintaining as much activity as you can in your listings and bids.
What is Tensor?
Better coverage, more data, and advanced order types are offered by Tensor, an NFT marketplace on Solana. Users are not charged to create listing, bidding, or market-making orders; there is a 1% taker cost but no maker fee.
Additionally, Tensor charges 0% royalties on others and pays full royalties on specific collections.
During the checkout phase, consumers pay the required royalties when buying a listed item or selling it to a bid instantly. It’s important to remember that Tensor can change its costs and royalties later on.
Does Tensor Have a Token?
Their governance token is the Tensor ($TNSR) token. The community uses it to control important Tensor Protocol parameters. When trading on Tensor’s protocols, holders of Tensor token are also qualified for discounts. Additionally, there is a 25% protocol fee reduction for listings created in $TNSR. Regarding tokenomics, the team has said that a first airdrop will release 12.5% of the Tensor token supply, as per their FAQs.
How to Claim Season 3 Airdrop
Click to access the Tensor airdrop claim page using your wallet. The page will instantly reveal your airdrop distribution. The claim for the airdrop will be open until October 5, 2024. Additionally, the $TNSR has been released and all Treasure Boxes have been opened.
How To Be Eligible For The Tensor Season 2 Airdrop?
To be able to participate in the Tensor Season 2 airdrop, and be qualified for the airdrop, you must fulfill three requirements: market-making, listing, and bidding. You can only finish these three jobs on TensorSwap. You can further increase your points by completing the following tasks:
- Market-making, listing, and bidding on growing popular NFT collections.
- Listing and bidding in a closer distance to the floor price.
- Maintaining as much activity as you can in your listings and bids.
Since each accepted bid will automatically become a listing and any accepted listing will automatically become a bid, market-making is perhaps the easiest of the three. As an added bonus, you can earn money in the process!
However, TensorSwap will stop awarding points if you bid and list there and they are taken. It’s also important to remember that you won’t receive any points for the following actions:
- Listing and bidding too far off from the floor price.
- Listing and bidding on rare NFT collections.
- Trading in NFTs for oneself, or “wash trading.”
Tensor season 3 airdrop eligibility criteria
Treasure Boxes are given to Tensor season 3 airdrop participants. These Treasure Boxes hold Tensor ($TSNR) tokens according to how much each user uses Tensor’s protocols.
How to get the Tensor ($TNSR) season 4 airdrop
How to receive the airdrop of Tensor ($TNSR) season 4 tokens
- Bid
Link your Solana wallet (such as the Phantom wallet) to Click on the NFT collection that draws your attention. Choose the NFT that you wish to buy or place a bid on. It is advised that you make multiple trades because you could receive extra points for doing so.
- Sell NFTs
Go to the “Sell” page on Tensor in order to list NFTs. You can choose to “Sell now” to sell any NFTs you own for SOL immediately in the event that there is an open collection-wide bid offer. Hover over the NFT, select “sell,” and then finalize the transaction to quickly sell. Another option is the bulk sell method. Choose the NFTs you want to sell in bulk by clicking on them or using the sliderTo verify the transaction and see the full amount of your sell proceeds, click the “Sell” button.
- List NFTs
There are two advantages of listing NFTs on Tensor. First off, the entire amount of fees is restricted to 1.4% of the taker price in addition to any applicable royalties. Secondly, Bonding Curves is a platform where you may sell. That means that you can sell the first NFT for X SOL. Then second for X+Y SOL, the third for X+2Y SOL, etc. Because of the automatic price increase, you will be paid more for your NFTs.
Click the “List” tab on Tensor to list. Next, you may determine the price rise after each NFT purchase, often known as the “increase by” or “delta.” For instance, if you decide to increase the NFT by 0.5 SOL and set the beginning price at 4.5 SOL, the first NFT sale will take place at 4.5 SOL, then a sale at SOL 5.0, a sale at SOL 5.5, and will keep getting increased at 0.5 SOL increase until all of the NFTS are sold out.The system will show you how much of SOL you would receive if you were able to sell every NFT you are selling before you sign the deal.
- Market-make
On the TensorSwap interface, go to the bottom and select Pro Mode to market-make on Tensor. Next, click on the “Trade” tab located in the upper left corner to choose the “Market-make” tab. Decide how many NFTs you wish to buy in total at first, then deposit enough SOL to pay the cost of the purchase. Establish the beginning price and choose which NFTs from your wallet you are willing to sell. The initial price serves as the base price for any future price adjustments and is the amount at which you plan to begin selling your first NFT. Establish the price change mechanism, that is, the percentage or SOL change in price that occurs after each buy or sell transaction. Next, decide how much of the difference between the purchase and sell prices you would like to keep as a fee. This is the intended fee. View the summary to see how much SOL is needed to buy NFTs and how much money you may gain by selling them. Lastly, send your market-making order to start trading and sign the transaction in your wallet.
Please be aware that losses are temporary and that rare NFTs shouldn’t be placed in market-making orders.
- Use price lock
Tensor’s price lock feature allows users to “lock-in” a buy or sell price for a duration of seven days. Price locks allow you to act as a maker (i.e., provide funding for the price lock) or a taker (i.e., purchase the price lock).
Airdrop Review
There are a few things to take into account while reviewing an airdrop. The first is the possibility that the project will never actually launch an airdrop. Next, consider the project’s planned token distribution to airdrop campaigns and the difficulties related to airdropping tokens. In order to ensure that there is a genuine use and purpose for taking part in the airdrop in the first place, it is also important to consider the token’s utility. Lastly, if there is a lockup period on the airdropped tokens, it is something to take into account while reviewing the airdrop.
Likelihood of Airdrop:
Tensor is currently active and has confirmed an airdrop for Season 2.
Airdropped Token Allocation:
There will be an initial airdrop where 12.5% of the Tensor token supply is going to be distributed.
Airdrop Difficulty:
It is advised that you only sign up for this airdrop if you have previous Solana NFT trading experience. This is because actual NFTs and money will be traded by you.
Token Utility:
Details regarding the features of the token have not yet been released by the Tensor team. However, it probably works similarly to Blur, which is used for market governance.
Token Lockup:
Tokenomics is not yet available.
Final Outcome About Tensor Token Airdrop ($TNSR)
Participants in Tensor’s Season 4 token airdrop have the chance to interact with the Solana-based NFT marketplace and have the chance to win Tensor ($TNSR) tokens. Users can improve their chances of being eligible for the airdrop by actively bidding, listing, market-making, and using TensorSwap features like price lock. It’s important to take note of the airdrop campaign’s details, distribution percentage, airdrop possibility, and token utility on the platform.