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Tensor Announces Airdrop for Traders

By: illustrious
March 6, 2023 1:56 PM EDT
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Tensor, an NFT trading platform designed for professional traders, just announced the release of their airdrop for season one participants. Users who traded on the platform in the past 6 months are eligible to receive a "mystery box".

The contents of the mystery box are unknown at this point, but the box descriptions hold hints as to what may be found in them. Traders who used TensorSwap received 25-50x more points than those who didn't, making them eligible for more rewards and higher-tiered boxes. Want to know if you're eligible? see here.

Source: Tensor HQ

The trading platform features an array of tools for traders including:

  • Marketplace aggregation with real-time data and 0% added fees
  • AMM & marketplace congruency with 0% maker fees
  • Instant sell liquidity and collection wide offers
  • Bonding curve-based orders (DCA in or out of your NFTs)
  • and much more.

Not eligible? Fret not

The end of their season one airdrop marked the beginning of a new season, with even more rewards than previously. To be able to receive rewards from the second season of airdrops, traders have to use TensorSwap and either bid, list, or market-make NFTs to farm points. The second season will have 5-10x more points than the previous season and is only eligible for Tensor users. Also, only traders of the top 200 collections are eligible to receive any points for future airdrops.

Tensor is the fastest-growing marketplace on Solana, according to HGE, who displayed volumes across several marketplaces on Solana on Twitter.

Taking a similar route to Blur on Ethereum, Tensor and Tensor's users stand a lot to grow together on Solana. With users looking for a new marketplace to trade on, Tensor may end up eating a lot of Magic Eden's market share as they heavily reward usage. As liquidity flows to farm points for future airdrops, the future of Solana NFT marketplaces may be changing.

Always experimenting.

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