I raised the latest Andre Cronje, Flying Tulip project, $ 200 million in a special tour and opens a public sales of the FT code with the same assessment of one billion dollars.
Starting, based in New York, Declare This step on September 29, it is reported that it builds a full chain trading platform.
The plan combines original stablecoin, money markets, spot, derivatives, options, and insurance in one system.
By linking everything during the margin through the margin, the company says it can make the capital more efficient for users.
Public sale will be running directly across the series across several networks. Details such as supported assets, the amount that will be circulated at the end, and the official contract addresses will be published exclusively on the project site to reduce the risk of hunting.
The company targets up to one billion dollars in financing between private and public stages. With already 200 million dollars, up to $ 800 million can be provided to the public.
Flying Tulip confirmed that official addresses will only appear on its site before the sale is sold.
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How is the Flying Tulip team motivated without symbolic allocations?
The main feature of launch is what the team calls the “correct redemption”.
Both buyers from the public and public sectors will be able to burn the distinctive symbols at any time and restore their original contribution to the same origin, such as ETH.
This is designed to give investors protection on the negative side and distinguish the project from the typical symbolic launch processes.
Flying Tulip stated that recovery operations will be handled directly from a separate reserve on the chain, and it is funded by capital from the increase. To keep the system’s sheet and prevent abuse, contracts include the waiting list and average.
The company also noticed that the right to salvation is not a believer and is associated with the size of the protocol and the rules of the protocol.
To reduce the risk of rapid arbitration trading, the distinctive FT codes will remain unimaginable until the general sale is closed. Buyers will not be able to circulate or transfer them during the subscription period.
The team will not receive any symbols at flying tulip.
Instead, the project says that its members will only get exposure through open market re -purchases. It will be funded by part of the protocol revenue and follow a published schedule.
The idea is to link the team’s incentives to the adoption of the platform and long -term performance, instead of allocating resources in advance.
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What does Andre Cronje mean “Institutional Cross Crush”?
The fully diluted evaluation that was fully applied in the private round extends to the general stage.
The company included a wide range of supporters, including Brevan Howard Digital, Coinfund, DWF, Falconx, Hypersphere, Lemniscap, Nascent, Republic Digital, Selini, Sigil Fund, SUSQUEAEANNA CRYPTO and TIOGA Capital and Protuals Protocol.
((Source: Blog, FlyingTulip))
“Our goal is to provide an institutional market structure with ONSAIN guarantees and clear compatibility between users, investors and the team,” Kronji said in the announcement.
Flying Tulip says it will reveal its chains, origins, first floating and official sales contracts before the public sale. The main open questions include how to perform redemption reserves under pressure and how secondary market liquidity develops once the transportation restrictions are raised.
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