Big Launch: Flying Tulip (FT) to Kick Off Public Sale on CoinList, Raising $200 Million

Project Highlights

Flying Tulip (FT), a groundbreaking on-chain financial system created by Andre Cronje, co-founder of Sonic Labs, is set to launch a highly anticipated token sale on CoinList.

The public sale aims to raise $200 million, offering 20% of the total token supply (2 billion FT) at a price of $0.10 per token, resulting in a fully diluted valuation (FDV) of $1 billion.

Event Dates & Participation

The sale will commence on February 3 at 00:00 UTC and conclude on February 6 at 21:00 UTC. The minimum purchase requirement is set at $100.

Unified Financial Protocol

Flying Tulip is designed to integrate spot trading, lending, perpetual contracts, insurance, and a native stablecoin (ftUSD) into a single protocol, aiming to redefine the DeFi landscape through comprehensive on-chain financial services.

Token Protection Mechanism

Participants will receive FT NFTs embedded with a "Perpetual PUT" structure. These NFTs grant holders the option to either redeem funds at the original price by burning the tokens or unlock them for open market trading—though unlocking removes the redemption privilege.