AC's new project Flying Tulip has raised a total of US$225 million

In comparison, Flying Tulip, a unified on-chain financial system founded by Andre Cronje, founder of Sonic Labs, announced that it has raised an additional US$25.5 million in private token rounds, with a total of US$225 million in institutional financing rounds. The project has raised an additional $50 million through the Impossible Finance platform and plans to conduct a public offering through CoinList. At present, it has received more than US$1.36 billion in investment intentions, leaving only an amount of approximately US$400 million.

Flying Tulip will launch a token sale on CoinList. The public sale plans to raise $200 million, accounting for 20% of the total FT token supply (2 billion coins), and the token price is $0.10, corresponding to FDV of $1 billion. The public sale will begin at 00:00 on February 3 and end at 21:00 UTC on February 6, with a minimum purchase amount of $100.

According to reports, Flying Tulip aims to integrate spot trading, loans, perpetual contracts, insurance, and native stablecoins (ftUSD) into a unified agreement structure. The tokens participating in this sale will be protected by the Perpetual PUT structure. The FT NFTs received by participants include redemption rights, and can choose to hold and destroy the tokens to redeem funds at the original price, or unlock the tokens for free trading (the right of redemption will be lost after unlocking).