The new project Flying Tulip (FT) will launch on CoinList to kick off its public sale

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

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

It is reported that Flying Tulip aims to integrate spot trading, lending, perpetual contracts, insurance, and a native stablecoin (ftUSD) into a unified protocol framework. Tokens participating in this sale will be protected by the "Perpetual PUT" structure. Participants will receive FT NFTs containing redemption rights, allowing them to choose to hold, burn the tokens to redeem the funds at the original price, or unlock the tokens for free trading (losing the redemption rights after unlocking).