Flying Tulip @flyingtulip_ and ICO
my next ICO @flyingtulip_ ($200m)
flying tulip by @AndreCronjeTech, creator of yearn, fantom, @SonicLabs
flying tulip is a full on-chain exchange -> spot, perps, lending, mm, amm, clob + native ftUSD
all products are in one ecosystem, which makes it unique
$200M seed at $1B valuation from coinfund, dwf, etc.
ICO sale details:
> planning to raise $800M via public FT sale
> chance for retail to join on same terms as funds
> 100% unlock on TGE for investors (0% for team)
> sale will happen on flying tulip platform
unique feature of this sale
> FT buyers get token + redemption right
> can burn tokens anytime to get back initial investment
> minimum investment value is protected, but upside stays if FT pumps
this is basically a futures-style put option built into the token
> raised $1B will go into DeFi protocols (~3-4% APY)
> all earnings go to protocol growth, re2ards, and FT buybacks
initial launch on Sonic (fees monetization). later support for Ethereum, Avalanche, Solana & more
public sale on their own platform, wait for announcements
gflying.
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