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AC's new project Flying Tulip has reached a total funding amount of $2.255 billion
BlockBeats News, January 30th, Flying Tulip, a unified on-chain financial system founded by Sonic Labs founder Andre Cronje, announced that it has raised an additional $25.5 million in a private token sale round, bringing the total institutional funding to $225.5 million. The project has raised an additional $50 million through the Impossible Finance platform and plans to conduct a public sale via CoinList. Currently, it has received investment intentions of over $1.36 billion, with only about $400 million in remaining allocation.
BlockBeats previously reported that Flying Tulip will launch its token sale on CoinList. The public sale aims 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 Fully Diluted Valuation (FDV) of $1 billion. The public sale will start at 00:00 on February 3rd and end at 21:00 UTC on February 6th, 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, and participants will receive FT NFTs with 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).
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