Flying Tulip (FT)

Flying Tulip Tokenomics Overview

Flying Tulip (FT) plans to raise up to $1B through its token sale (private and public phases combined). The public sale is intended to raise up to $800 million.

Token Allocation Table:

At TGE, only investor tokens will be minted and distributed. ICO investors will be able to redeem their principal at any time via buy-back and burn to limit investment downside.

For tokens held or sold on the open market, proceeds will be reinvested in blue-chip DeFi platforms, such as Aave, to generate operating revenue. This will be used to support project development, incentives, and further FT token buybacks.

Flying Tulip Development Roadmap

The Flying Tulip roadmap follows a “waterfall path” where each item is built only after the upstream dependencies are stable, audited, and released to the public. It starts with the initial token launch and funding, moving to developing the core trading stacks and ending with the Oracles & Applications Layer. This non-calendar-based progression suggests a long-term, sustainable vision.

Team

Flying Tulip’s CEO is Andre Cronje, a famous DeFi architect and founder/developer of Yearn.finance and Sonic (formerly Fantom).

Audit & Security

The project intends to conduct regular audits throughout the building process.

Is Flying Tulip Legitimate?

While all ICOs and Web3 projects carry risk, Andre Cronje’s long-standing reputation in the crypto community, and Flying Tulip has backing from the well-known investors (e.g., Brevan Howard, DWF Labs, Hypersphere, Lemniscap, Nascent, Republic Digital). Based on this, the project is very likely legitimate.