How Tensor the largest NFT marketplace on Solana supercharged their token vesting process by partnering with Magna ⚡
Here's how they did it! 👇
1️⃣ The Challenge:
> Managing multiple entities (company, investors, advisors, power users) each with separate token vesting schedules and admins. Complexity overload!
>Needed programmatic, scalable token allocations based on proprietary trader activity data. Manual processes weren't cutting it.
> Required top-tier security: multi-signature logins, two-factor authentication!
2️⃣ Magna's Solution:
>API-Driven Automation: Integrated Magna's REST API to create and manage on-chain vesting lockups programmatically.
>Multi-Entity Support: Set up separate environments with customized admin permissions for each entity.
>Seamless Integration: Magna's API blended into Tensor's backend, maintaining the full "Tensor experience" for users.
>Enhanced Security: Supported Ledger and Squads logins on Solana, plus 2FA. Security fortified!
3️⃣ The Impact:
>Operational Efficiency: Automated processes freed up Tensor's team to focus on enhancing the platform.
>Scalability: Easily managed a complex, multi-entity structure while supporting rapid growth.
>Security & Trust: Robust measures reinforced community trust, keeping user assets protected.
4️⃣ The Takeaway:
>By partnering with Magna, Tensor transformed their token vesting into a streamlined, automated process.
>They've set a new standard in the ecosystem, proving that the right tools and partnerships can elevate the experience to another level
⛓ Curious how Magna can optimize your token management? Be it employee vesting, investor unlocks, or community claims, we're here to help.
Can handle fully on-chain lockups, off-chain distributions from your custodian, distributions with tax withholding, and everything in between!
Talk to our team today: https://lnkd.in/dBZFGSfX