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Solana NFT marketplace Tensor plans to launch its long-awaited TNSR token next week, and leading American cryptocurrency exchange Coinbase said on Friday that it plans to list its incoming Solana-based token.
While Coinbase has not revealed when the TNSR token will be listed, the digital asset is scheduled to launch on April 8. The launch of TNSR coincides with the end of Season 3 of the Tensor Rewards Program and the beginning of Season 4 of the business incentives.
Participants in the referral program, Tensor Foundation on Twitter, will receive “treasure boxes” containing TNSR tokens. According to the Tensor Foundation, all treasure chests from the first three seasons of the show can be viewed and opened on April 8.
“Tensorians have been instrumental in the development of the Tensor protocol to date. Therefore, an additional 1% supply of $TNSR will be requested by Tensorians who hold until the claim date,” the Tensor Foundation said on Twitter, adding that this claim supply is in addition to any allocation in points.
Tensor has the most active wallet of any Solana NFT marketplace, with nearly 345,000 unique wallets in the last 30 days, according to Tiexo data. That's more than double the total of competitor Magic Eden—but Magic Eden is the leader in terms of transaction volume, with nearly 60% market share in the last 30 days compared to Tensor's 35%.
Coinbase recently raised the listing of Solana tokens. In December, Coinbase listed the wildly popular Solana meme coin BONK. Bonk and TNSR listings followed Coinbase's other Solana-based tokens, Bonfida (FIDA) and Orca (ORCA).
Solana-based tokens listed on Coinbase's roadmap are Shadow Token (SHDW) and Neon EVM (NEON).
On Wednesday, the cross-bridge protocol Wormhole (W) launched an airdrop campaign of more than 400,000 wallets on Solana and other chains. Coinbase has announced that the exchange will add support for Wormhole Eternal Futures on Coinbase International Exchange and Coinbase Advanced.
“Our goal is to list all assets that meet our criteria for legal, compliance and technical security. These criteria do not take into account the market value or popularity of a project,” Coinbase said in a blog post shared with the TNSR announcement.
Edited by Ryan Ozawa.
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