Tensor’s Vector App Will Distribute 50% Revenue to TNSR Treasury
The Solana NFT marketplace Tensor will allocate revenue from its new social trading app, Vector, between the TNSR treasury and Tensor’s development team.
- Vector, a mobile app with a crypto wallet, allows users to share trades.
- 50% of Vector's revenue will go to the TNSR treasury for potential airdrops and grants, while the other 50% supports Tensor.
- Vector is generating over $90 million in annualized revenue from a 1% trading fee, significantly exceeding Tensor’s previous NFT marketplace revenue of $9 million.
- Tensor co-founder Ilja Moisejevs stated that the launch of Vector aims to capitalize on the larger memecoin market.
- Future community votes could decide on actions like token buybacks or burns.
- TNSR has decreased from an April 2024 launch price of $1.70 to $0.39 currently, amid broader market dynamics.
- Success will depend on Vector effectively engaging users in social trading.