AC's new project Flying Tulip (FT) will launch on CoinList for public sale

BlockBeats News, January 29 — According to official sources, the unified on-chain financial system Flying Tulip, founded by Andre Cronje, the creator of Sonic Labs, will launch its token sale on CoinList. The public sale plans to raise $200 million, accounting for 20% of the total FT token supply (2 billion tokens), with a token price of $0.10, corresponding to a FDV of $1 billion.

The public sale will begin at 00:00 on February 3 and end at 21:00 UTC on February 6, with a minimum purchase of $100.

It is reported that Flying Tulip aims to integrate spot trading, lending, perpetual contracts, insurance, and native stablecoins (ftUSD) into a unified protocol architecture. Tokens participating in this sale will be protected by the "Perpetual PUT" structure. FT NFTs received by participants include redemption rights, allowing holders to choose to hold, burn the tokens to redeem funds at the original price, or unlock the tokens for free trading (unlocked tokens will lose redemption rights).