Flying Tulip: $ 200 million secured for Onchain Defi giant!

Flying Tulip: $ 200 million secured for Onchain Defi giant!

Flying Tulip, an innovative Full-Stack Onchain Exchange, collected $ 200 million in a recent private financing round. The company is now preparing the public sales phase of its $ ft tokens, which will take place at the same level as private financing. This new structure aims to address a broader investor base and bring more liquidity into the market.

The private financing round attracted a large number of prominent investors, including Brevan Howard Digital, Coinfund and Falconx. This support raises confidence in Flying Tulip and his vision of offering a comprehensive Onchain financial marketplace, the spot trade, derivatives, options, native stablecoin and onchain insurance.

Onchain redemption right and tokenomics

One of the central innovations of Flying Tulip is the Onchain solving right, which is offered to all participants in primary sales. This enables investors to burn their $ FT at any time and to redeem them up to their original capital in the accommodated wealth class, for example ETH. The redemptions are carried out in a program-controlled manner from a segregated Onchain solving reserve, which is fed with the capital collected in the financing round.

The tokenomics model from Flying Tulip is also remarkable. The team receives no initial allocation of the tokens; Instead, the team exposure is carried out by market return purchases, which are financed from part of the protocol income. This structure is intended to ensure that the team acts in harmony with the investors and grows in parallel to their interests.

Goals and future financing plans

Flying Tulip is aiming for up to $ 1 billion in financing in both private and public phases. Andre Cronje, the founder of Flying Tulip, has emphasized that the company's goal is to create an institutional market structure with Onchain guarantees. This should ensure a clear orientation between users, investors and the team.

In the upcoming public sales phase, the company will work via several blockchains. Further details on the supported assets, the initial circulating offer, sales mechanics and the official Smart Contract addresses will be announced before the start.

With the combination of comprehensive onchain services and a clear focus on investor interests, Flying Tulip positions itself as a promising player in the rapidly developing area of ​​Onchain financial markets.

Read more about the revision of the financial system Daily Hodl.