PANews January 30th news, Solana Non-fungible Token market Tensor announced that 50% of the revenue from its social trading application Vector will be injected into the TNSR treasury, and the remaining portion will belong to the Tensor development team.
It is reported that Vector is a social trading mobile application with built-in encrypted wallets, which allows users to publicly share trading dynamics. Currently, it is still in the invitation-only phase, but it has achieved an annual revenue of over 90 million US dollars, far exceeding the revenue of the Tensor Non-fungible Token market.
Tensor co-founder and CEO Ilja Moisejevs said that the company launched Vector to address the shrinking Non-fungible Token market and shift towards the larger Memecoin market. The funds in the TNSR treasury can be used for airdrops and project funding in the future, and the community may also decide through voting to implement measures such as token buybacks and burns to increase the value of TNSR tokens.
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