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Pine Analytics Releases Analysis of Flying Tulip Fundraising and Mechanism
Summary: Pine Analytics released an analysis of the fundraising and mechanism of the intelligent trading protocol Flying Tulip, stating that Flying Tulip plans to raise one billion US dollars, with each dollar corresponding to 10 FT tokens (initial price of 0.1 US dollars). If the target amount is not reached, tokens will be issued proportionally. The ...
Pine Analytics released an analysis of the fundraising and mechanism of the intelligent trading protocol Flying Tulip, stating that Flying Tulip plans to raise one billion US dollars, with each dollar corresponding to 10 FT tokens (initial price of 0.1 US dollars). If the target amount is not reached, tokens will be issued proportionally.
The fundraising assets include USDC, USDT, USDS, USDe, ETH, SOL, AVAX, and S. Original subscribers will receive transferable NFTs containing FT tokens and redemption PUTs: FT tokens held in the NFT can be redeemed for the same amount of invested assets, but withdrawing them will forfeit the PUTs. The estimated annualized return on fundraising assets is approximately 44.27 million US dollars, with priority given to repurchasing and burning FT tokens, covering around 500,000 US dollars in operating expenses. The team and foundation will not receive any pre-allocated tokens, and will acquire tokens from protocol revenue repurchases in a 40:20:20:20 ratio.
Related reading: AC's new project Flying Tulip: aiming to cultivate a trading giant with DeFi sovereign bond returns.
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Link: Pine Analytics Releases Analysis of Flying Tulip Fundraising and Mechanism [Copy]
