Flying Tulip Token Sale Launching with $1B Deposit Cap on February 16
- Flying Tulip will launch its public token sale on February 16, with a deposit cap of $1 billion.
- The FT token is priced at $0.10, aiming for a project valuation near $1 billion.
- Over $126 million has already been locked in assets, generating more than $85,000 in revenue through DeFi instruments.
- A buyback mechanism is included to stabilize the FT token’s value amid market fluctuations.
- The first product will be ftUSD—a stablecoin based on USDC within Aave.
Flying Tulip aims to redefine fundraising by focusing on low-risk yield strategies and effective fund utilization rather than traditional capital raising methods. The project plans to operate across multiple networks including Ethereum, BNB Chain, and Avalanche.
With a deposit cap of $1 billion and significant locked assets already secured, Flying Tulip is positioned as a notable player in the crypto market landscape.(Source)
