The Tensor Foundation, the organization behind the popular Solana-based NFT marketplace Tensor, has made a significant move with the launch of its governance token TNSR. This development has garnered attention from major crypto exchanges like OKX, Bitget, and Binance, leading to a surge in trading activity for the token. Consequently, the price of TNSR has experienced a notable increase of 1.30% in the last 24 hours, trading at $1.86 with a substantial 24-hour trading volume of $769,345,320.20.
TNSR Token Distribution and Benefits
The Tensor Foundation has provided a window of opportunity for users to claim their TNSR tokens until October 5, 2024. Notably, holding TNSR tokens grants holders a degree of control over Tensor’s parameters and offers fee discounts when transacting with TNSR on the Tensor platform. This incentive has contributed to the token’s growing popularity.
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Show more +Show less – Exchange Listings
In a series of announcements, several prominent exchanges have embraced the TNSR token, highlighting the cryptocurrency’s increasing relevance in the market.
@OKX announced the listing of TNSR on its perpetual futures market, allowing users to trade the token with up to 50x leverage from 4:05 PM (UTC) on April 8, 2024. Additionally, TNSR margin trading and Simple Earn options was enabled at 4:00 AM (UTC) on April 9, 2024. This move aligns with OKX’s commitment to providing diverse trading options to its users.
@bitgetglobal also announced the availability of TNSR on its futures platform, offering a maximum leverage of 50x, further expanding the token’s accessibility.
Moreover, @binance, the world’s leading cryptocurrency exchange, revealed its decision to list TNSR, showcasing support for the Solana NFT marketplace’s token. According to the statement, Binance commenced trading for TNSR/BTC, TNSR/USDT, TNSR/FDUSD, and TNSR/TRY pairs starting on April 8 at 15:30 UTC. Users can now deposit TNSR in preparation for trading, while withdrawals will commence on April 9 at 15:30 UTC.
Market Impact
The collective efforts of these major exchanges to list and support the TNSR token have significantly contributed to its growing traction within the broader cryptocurrency market. As more users gain access to trading TNSR, the token’s liquidity and market presence are poised to increase, potentially driving further growth and adoption.
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