#United States #New York #onchain exchange #Flying Tulip #$FT Token

Flying Tulip Secures $200 Million in Funding

Flying Tulip, an innovative full-stack onchain exchange, has recently made headlines by successfully raising $200 million in a private funding round. This strategic move is poised to accelerate the platform's growth and enhance its offerings. In tandem with this funding, the company has announced an upcoming public sale for its $FT token, which will be conducted at the same valuation as the recent private funding.

A Unique Onchain Financial Ecosystem

The exchange is not just about trading; it’s an entire financial ecosystem that integrates various functions, such as a native stablecoin, money market, and options trading, within one capital-efficient system. It employs an advanced cross-margin technique, giving it an edge in managing volatility. Users can engage with derivatives, spot trading, and even onchain insurance, making it a versatile platform for traders and investors alike.

Global Investor Participation

The funding round saw participation from notable global investors, including Brevan Howard Digital, CoinFund, DWF, FalconX, Hypersphere, and many others. This well-rounded support showcases the confidence the investment community has in Flying Tulip’s vision and technology.

Introducing the Onchain Redemption Right

As a part of this initiative, all participants in the primary sale—be it private or public—will receive onchain redemption rights. Dubbed a “perpetual put,” these rights allow investors to burn their $FT tokens at any point in time and redeem an amount equivalent to their original investment in assets contributed, such as Ethereum (ETH). This innovative feature is designed to mitigate downside risk while maintaining the potential for unlimited upside.

Tokenomics Aligned to User Engagement

One of the attractive aspects of the Flying Tulip model is its focus on aligning incentives with actual platform usage. The team does not benefit from an initial allocation of tokens. Instead, its exposure is linked to market buybacks funded by a portion of the protocol's revenues. This structure ensures that the interests of the team, users, and investors are aligned from day one.

Upcoming Public Sale Plans

Flying Tulip has set its sights on a significant public sale that will be hosted across multiple blockchain networks. Details regarding supported assets, the initial circulating supply, sale mechanics, and smart contract addresses will be made available prior to the launch. The overall goal is to reach up to $1 billion in total funding across both private and public phases, which would pave the way for expansive growth and further innovation.

A Vision for Institutional-Grade Market Structures

“The essence of our project is to provide an institutional-grade market structure supplemented by onchain guarantees,” stated Andre Cronje, the visionary founder of Flying Tulip. His commitment to transparency and user alignment bodes well for the future of the platform as it navigates the rapidly evolving world of decentralized finance.

About Flying Tulip

Flying Tulip is a ground-breaking onchain financial marketplace that merges various financial tools like spot trading, derivatives, and risk transfer into a cohesive, capital-efficient framework. The primary objective is to foster transparent risk management practices while ensuring long-term sustainability for its users.

To learn more about Flying Tulip, visit flyingtulip.com.

Important Notices

This article serves merely as informational content and should not be taken as an invitation to purchase or sell any type of security or tokens. Participation may have eligibility criteria and geographical constraints. Risks are involved, including potential value loss. The redemption right operates programmatically and is contingent on onchain reserves and specific protocol parameters. Furthermore, forward-looking statements may face uncertainties and risks. Official sale addresses will exclusively be published on the company's official website.