Tensor is a Solana-based NFT marketplace that offers a unique fee structure to its users, similar to Blur on Ethereum. The Season 3 airdrop has ended and Tensor ($TNSR) tokens are available to claim. This is our Tensor ($TNSR) token airdrop guide.
Tensor Airdrop Step-by-step Guide
Here’s how to receive a potential Tensor token airdrop:
Bidding, listing, and market-making on more popular NFT collections.
Bidding and listing closer to the floor price.
Keeping your bids and listings active as long as possible.
See below for more details
What is Tensor?
Tensor is an NFT marketplace on Solana that provides better coverage, more data, and advanced order types. With a 1% taker fee and no maker fee, users can create listing, bidding, and market-making orders without incurring any charges.
Moreover, Tensor pays full royalties on specific collections, while applying a 0% royalty rate on others. When purchasing a listed item or instantly selling to a bid, users pay the enforced royalties during the checkout process. It’s important to note that Tensor may adjust its fees and royalties in the future.
Does Tensor have a Token?
The Tensor ($TNSR) token is their governance token. It is used by the community to manage key parameters of the Tensor Protocols. Tensor token holders are also entitled to discounts when trading on Tensor’s protocols. Listings created in $TNSR also have a 25% reduction in protocol fee. As for their tokenomics, the team have confirmed in their FAQs that 12.5% of the Tensor token supply will be distributed in an initial airdrop.
How to Claim Season 3 Airdrop
Connect your wallet to the Tensor airdrop claim page HERE. Your airdrop allocation will automatically be displayed on the page. The airdrop claim will be available until 5th October 2024. The Treasure Boxes have also all been opened and the $TNSR released.
How to Qualify for the Tensor Season 2 Airdrop?
To qualify for the Tensor Season 2 airdrop, there are three criteria: bidding, listing, and market-making. These three activities must be done on TensorSwap only, and you can earn more points by doing the following:
Bidding, listing, and market-making on more popular NFT collections.
Bidding and listing closer to the floor price.
Keeping your bids and listings active as long as possible.
Market-making is perhaps the easiest of the three options, as any bid that is accepted will be automatically converted into a listing, and any listing that is accepted will be automatically converted into a bid. As an added bonus, you can earn fees in the process!
But if you are bidding and listing on TensorSwap and they are taken, it will stop earning points. Additionally, it is important to note that the following actions won’t earn you any points:
Bidding and listing too far away from the floor price.
Bidding and listing on obscure NFT collections.
Wash trading (buying and selling NFTs to themselves).
Tensor season 3 airdrop eligibility criteria
Tensor season 3 airdrop participants will be distributed Treasure Boxes. These Treasure Boxes contain an amount of Tensor ($TSNR) tokens proportional to the users’ use of Tensor’s protocols.
How to get the Tensor ($TNSR) season 4 airdrop
How to get the Tensor ($TNSR) season 4 token airdrop
Bid
Connect your Solana wallet (e.g. Phantom wallet) to https://www.tensor.trade/. Find an NFT collection you would be interested in and click. Choose the NFT you wish to buy or bid. As you may earn more points for more trades, it is recommended to so several trades.
Sell NFTs
To list NFTs on Tensor, go to the “Sell” tab. You have the option to choose “Sell now,” which allows you to immediately sell any NFTs you own for SOL if there is an open collection-wide bid. To quick sell, hover over the NFT and click “sell”, then confirm the transaction. Another option is the bulk sell mode. To bulk sell, use the slider or click on the NFTs to select which ones you wish to sell. Click on the “Sell” button which will also show you your total sell proceeds, and confirm the transaction.
List NFTs
Listing NFTs on Tensor has 2 main benefits. First, the total fees are capped at 1.4% taker fee plus royalties if enforced. Secondly, you can sell on Bonding Curves. This means you can sell the 1st NFT for X SOL, the 2nd NFT for X + Y SOL, and the 3rd NFT for X+2Y SOL etc. This allows you to receive more for your NFTs as the price increases automatically.
To list on Tensor, click on the “List” tab. Set the number of NFTs you would like to list for sale, you can choose between listing in bulk by using the slider or select each NFT individually from the gallery. Then, specify the starting price i.e. the price you want to sell your 1st NFT for. You can then specify the “increase by” or “delta”, which is the amount of price increase after each NFT purchase. For example, if you set the starting price for the NFT at 4.5 SOL and specified an increase of 0.5 SOL, the first NFT sale will occur 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. Before signing the transaction, the system will display the exact amount of SOL you would receive if you were able to sell all the NFTs you are listing.
Market-make
To market-make on Tensor, toggle to Pro Mode at the bottom of the TensorSwap interface. Then, click on the “Trade” tab on the top left hand corner, then go to the “Market-make” tab. Set the maximum number of NFTs you want to buy initially and deposit enough SOL to cover this purchase. Select the NFTs from your wallet that you are willing to sell and set the starting price. The starting price is the price you intend to start selling your first NFT and will be the benchmark for subsequent price changes. Set the price change mechanism, i.e. the amount of price change (in SOL or %) after each buy or sell transaction. Next, set the desired fee, this is the fee percentage you wish to earn from the spread between the buy and sell prices. Check the summary to see the amount of SOL needed for buying NFTs and your potential earnings from selling your NFTs. Finally, sign the transaction in your wallet and send your market-making order to star trading.
Note, be aware of impermanent loss and do not deposit rare NFTs into market-making orders.
Use price lock
Tensor’s price lock feature allows users to “lock-in” a buy or sell price for 7 days. With price locks, you can either be the taker (i.e. to buy the price lock) or a maker (i.e. to fund the price lock).
Airdrop Review
When reviewing an airdrop, there are several factors to consider. First, the likelihood the project will even do an airdrop in the first place. Then, to look at how many tokens the project intends to allocate towards airdrop campaigns, as well as the difficulty in participating in their airdrop. It is also important to look at the utility of the token so that there will be an actual use and purpose in participating in the airdrop in the first place. Finally, a factor to consider when reviewing an airdrop is whether the airdropped tokens are subject to any lockup period.
Likelihood of Airdrop: Tensor has confirmed a Season 2 airdrop and is now live.
Airdropped Token Allocation: 12.5% of the Tensor token supply will be distributed in an initial airdrop.
Airdrop Difficulty: It is recommended to position yourself for this airdrop only if you have experience trading Solana NFTs. This is because you will be trading with real NFTs and funds.
Token Utility: The Tensor team has not yet published details of the token’s utilities. But it is likely to be similar to Blur, used for governance of the marketplace.
Token Lockup: No tokenomics available yet.
