The full-stack on-chain exchange Flying Tulip today announced the completion of a $200 million private placement financing and will launch an on-chain public offering of its native token FT at the same valuation.
Flying Tulip is a comprehensive platform that integrates native stablecoins, money markets, spot trading, derivatives, options, and on-chain insurance, achieving higher capital efficiency through cross-margining and a volatility-aware system.
This round of financing attracted participation from several top global institutions, including Brevan Howard Digital, CoinFund, DWF, FalconX, Hypersphere, Lemniscap, Nascent, Republic Digital, Selini, Sigil Fund, Susquehanna Crypto, Tioga Capital, and Virtuals Protocol.
On-chain Redemption Rights (“Permanent Sell Rights”)
All first-hand sales participants (whether in private or public offerings) will receive on-chain redemption rights, allowing them to destroy FT at any time and redeem their principal in invested assets (such as ETH), up to a maximum of the original investment amount. Redemptions will be settled programmatically through a dedicated on-chain reserve pool, which is pre-funded with the raised capital. This design aims to provide a certain level of downside protection while retaining unlimited upside potential.
Token Economic Model Use Cases
The team does not set any initial token allocation; their holdings will be gradually built through protocol revenue sharing for buybacks, following a transparent timeline. In other words, from day one, the team's incentives are closely tied to real use cases and long-term performance.
Public Offering Plan
This on-chain public offering will span multiple chains. Specific supported assets, initial circulation, sales mechanisms, and the official smart contract address will be published on the official website before the launch. Flying Tulip plans to raise a total of up to $1 billion through both private and public offerings.
Flying Tulip founder Andre Cronje stated, “Our goal is to create an institution-level market structure with on-chain guarantees, achieving true alignment of interests among users, investors, and the team.”
About Flying Tulip
Flying Tulip is an on-chain financial market that integrates functions such as spot trading, derivatives, credit, and risk transfer under a cross-margining system, balancing capital efficiency with transparent risk management and long-term sustainable development.
For more information, please visit flyingtulip.com.
Important Disclaimer
This article is for reference only and does not constitute an offer to sell or solicit the purchase of securities or tokens in any jurisdiction. Participation may require qualification and is subject to jurisdictional restrictions. Token investments carry risks, including potential loss of value. Redemption rights are executed programmatically through on-chain reserves and protocol parameters, do not constitute deposits, are uninsured, and do not provide guarantees. Forward-looking statements involve risks and uncertainties. The official sales address will only be published on flyingtulip.com.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
