Sonic's new project Flying Tulip (FT) will launch a public sale on CoinList

According to official news, the unified on-chain financial system Flying Tulip, founded by Sonic Labs founder Andre Cronje, will launch its token sale on CoinList. This public sale aims to raise $200 million, accounting for 20% of the total supply of FT tokens (2 billion), with a token price of $0.10, corresponding to an FDV of $1 billion.

The public sale will start on February 3 at 00:00 and end on February 6 at 21:00 UTC, 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 architecture. The tokens participating in this sale will be protected by a "Perpetual PUT" structure, and the FT NFTs received by participants will include redemption rights, allowing them to choose to hold, burn tokens to redeem funds at the original price, or unlock tokens for free trading (redemption rights will be lost after unlocking).