CoinList to Launch Flying Tulip (FT) Token Sale

Foresight News reported that Flying Tulip, a unified on-chain financial system founded by Andre Cronje, will launch its token sale on CoinList. The sale aims to raise $200 million, accounting for 20% of the total FT token supply (2 billion tokens), with a token price of $0.10, corresponding to a fully diluted valuation (FDV) of $1 billion. The sale will start at 00:00 on February 3 and end at 21:00 UTC on February 6, with a minimum purchase amount of $100.

Flying Tulip aims to integrate spot trading, lending, perpetual contracts, insurance, and a native stablecoin (ftUSD) into a unified protocol architecture. Tokens purchased in this sale will be protected by the "Perpetual PUT" structure. Participants will receive an FT NFT that includes redemption rights, allowing them to choose to hold, burn the tokens to redeem funds at the original price, or unlock the tokens for free trading (redemption rights will be lost after unlocking). Previously, the project completed a $200 million private fundraising round in 2025, with participation from Brevan Howard Digital, CoinFund, DWF, FalconX, and others.