Pine Analytics releases analysis of Flying Tulip fundraising and mechanisms

ChainCatcher news, Pine Analytics released the smart trading protocol Flying Tulip fundraising and mechanism analysis, stating that Flying Tulip aims to raise one billion dollars, with each dollar corresponding to 10 FT (initial price 0.1 dollars), and if the target is not met, the issuance will be reduced proportionally.

The fundraising assets include USDC, USDT, USDS, USDe, ETH, SOL, AVAX, and S. Original subscribers will receive transferable NFT packages containing FT along with a redeemable PUT: FT remaining in the NFT can be redeemed for an amount equivalent to the invested assets, and withdrawing will forfeit the PUT. The expected annualized return on the fundraising assets is approximately 44.27 million dollars, prioritizing the repurchase and destruction of FT, covering about 500,000 dollars in OpEx. The team and foundation will not pre-allocate, and will later acquire FT from the protocol revenue at a ratio of 40:20:20:20.

Related reading: AC's new work Flying Tulip: aiming to "nurture" a trading giant with DeFi government bond yields.