👍 Participation in the Flying Tulip Token Sale Completed I participated in Andre Cronje's Flying Tulip token sale, currently underway on Impossible. 🔎 Rationale for Participating in Flying Tulip - 1FT is priced at a fixed price of $0.10, but this isn't necessarily FDV 1B. It's determined by the final amount raised. For example, if 200M is raised, the FDV will also be 200M. - Purchased FTs receive a Perpetual PUT in the form of an NFT on-chain. If you hold these tokens without touching them, you can exchange them for USDT at any time. - If the price of FT drops and you want to receive a refund, you can do so at any time. If the price of FT rises and you want to sell, you can unlock and sell by withdrawing your tokens. - The team receives incentives for allocating investor capital to DeFi for farming, so there's no need to worry about token unlocking. - There are no official CEX listings planned, and the protocol will primarily operate on-chain. So far, 2,061 people have participated in the token sale, raising approximately 55M. Since you can always redeem USDT, I think it's a good opportunity to try it out. I've already participated in the sale, and Impossible is currently having a public sale, running until February 16th. It's worth considering as a preview. #FT
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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