💎 [Reminder] Flying Tulip Public Sale Check This is a unique case among recent public sales, so here are the key points. Currently running on Impossible Finance and running until February 16th. This is not a structure for purchasing tokens directly. → This is a position with 100% principal protection. ✅ Price & Valuation Structure 🟢 Price: Fixed at 1 FT = $0.1 🟢 FDV: Not fixed, based on actual fundraising amount. - Example: $200M raised → FDV $200M 🟢 Hard Cap: $1B (Total 10B FT) ❕ This does not mean you are pre-qualified for the $1B valuation. ✅ Perpetual PUT Mechanism (Expand) Upon purchase, you receive an ftPUT NFT instead of a FT. This single NFT contains all of the options below. 🟢Hold - Hold - Maintain downside protection + leave room for upside potential 🟢Withdraw (when up) - When the price of FT rises - Withdraw FT from the NFT and sell it on the market 🟢Exit (when down) - When the price falls - Burn the NFT → 100% of the deposit is returned ❕ No expiration date, select at any time. ✅ Example for Understanding the Structure (Expand) 100 USDT Deposit → 1,000 FT ftPUT NFT 🟢 Upward - FT $0.2 - FT Withdrawal → Sell → Realize Profit 🟢 Downward - FT $0.05 - NFT Burn → 100 USDT Recovered 🟢 Another Option - Secondary Trading Possible with a Premium on the NFT ✅ Team Unlock Method (Expand) 🟢 Simple Yield ❌ 🟢 Unlock Only When Actual Protocol Revenue is Generated Revenue Generated → Market Price Buyback & Burn → Unlock the Same Value Ratio: - 40% Foundation - 40% Team - 20% Incentives ❕ The team cannot rely solely on price pumping. ✅ CEX Listing Related 🟢 CEX Listing Prerequisite No 🟢Price formation centered on internal market + buyback 🟢Listing possibility is open, but current focus is on product ✔️Participation Information 🟢Period: ~ February 16th (TGE scheduled for February-March) 🟢KYC approximately 5 minutes 🟢No participation amount limit ➡️Click Participate in Sale ⚡ FAQ ㅣ Position Management ㅣ NFT Market ㅣ TVL / Profit ㅣ Fundraising Status 💬 Comment A public sale with structurally closed downsides, and selectively open upsides. The biggest difference is that the NFT itself is a "protected asset." Once you understand the structure, it seems like a reasonably reasonable design.