The Tensor Foundation, the organization developing the Solana NFT marketplace Tensor, launched its governance token TNSR.  

The move helps implement community governance, giving TNSR holders control over Tensor's parameters and fee discounts when using TNSR in transactions on Tensor, the foundation wrote on the social media platform X. Specifically, listings created in TNSR will have their protocol fee lowered by 25%. Users have until Oct. 5, 2024, to claim their tokens. 

TNSR has a 1 billion token supply. The initial airdrop comprises 12.5% of the token supply, with 55% or 550,000,000 TNSR allocated for the community. Core contributors will get 27% of the total supply. The remaining 18% is split between future fundraising endeavors as well as investors and advisors.