Tensor social trading app Vector injects 50% of revenue into TNSR treasury

PANews reported on January 30 that Solana NFT market Tensor announced that 50% of the revenue of its social trading application Vector will be injected into the TNSR treasury, and the rest will belong to the Tensor development team.

It is reported that Vector is a social trading mobile application with a built-in encrypted wallet that allows users to publicly share trading dynamics. It is still in the invitation-only stage, but has achieved an annualized revenue of more than 90 million US dollars, far exceeding the revenue of the Tensor NFT market.

Tensor co-founder and CEO Ilja Moisejevs said that the company launched Vector to cope with the shrinking NFT market and turn to the larger Memecoin market. The funds in the TNSR treasury can be used for airdrops and funding projects in the future, and the community may also vote to decide on measures such as repurchasing and destroying tokens to increase the value of TNSR tokens.