Solana-based NFT trading platform Tensor said Tuesday it will issue a token, $TNSR, whose holders will govern the protocol.

Since December a spate of crypto finance projects in the Solana blockchain ecosystem have released tokens in attempts to "decentralize" their governance. Holders of these tokens get to vote on the directions of their protocols. Oftentimes those who have used the protocol heavily – by, say, trading hundreds of NFTS – get bigger allocations of the token.

In a post on X (formerly Twitter) the Tensor Foundation said more details about the token's release will come "soon." It did not state whether there would be an airdrop.

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With Bitcoin soaring to new heights, the spotlight inevitably turns to altcoins like Theta token. As history has shown, Theta has thrived during Bitcoin's ranging phases, often surpassing its all-time highs.

During the last bull run, Theta achieved its peak while Bitcoin remained sideways after reaching a new pinnacle. This pattern suggests that as Bitcoin stabilizes, Theta and other alternative coins have the opportunity to shine.

Looking ahead, the months of May, June, and July carry significant weight for Theta enthusiasts. Many anticipate Theta to break its previous records during this crucial period. However, it's important to note that this projection is not financial advice but rather a call for individual research and diligence.

In the midst of this crypto frenzy, Theta stands as a promising player, poised to ride the waves of Bitcoin's momentum. Keep an eye on Theta as it navigates through the evolving crypto landscape.

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1.Don’t hold altcoins too long
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