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Intel Scout
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🄷Sonic $S Researcher šŸŽ„Animation Artist šŸ¤“ Data Scientist
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Intel Scout
09-30
The @flyingtulip_ raise is grabbing the crypto headlines āš ļø but the real alpha is in these 5 facts we didn’t know until now: 1ļøāƒ£ Roll out will take place first on @SonicLabs with zero-fee trading The full stack (spot, perps, lending, ftUSD, insurance) will then roll out to Eth , AVAX, BNB, and Sol (This should put everyone at ease) 2ļøāƒ£ Retail enters at the exact same FDV / valuation as institutions, at $1B No markup, making it one of the fairest major token launches (ever?) 3ļøāƒ£ Retail are also protected by the perpetual put At any time, $FT can be burned to redeem the original contributed asset Redemptions are managed transparently by smart contracts with queues and rate limits to ensure solvency 4ļøāƒ£ Buybacks are yield-funded, not emission-funded Up to $1B of raised capital sits in onchain strategies like Aave, Ethena, and Spark, generating 4% annually ($40M) That recurring yield is recycled into buybacks and liquidity support, creating constant demand without dilution 5ļøāƒ£ The Cronje signature growth flywheel is how all the pieces fall into place Yield funds buybacks + incentives → stronger token and deeper liquidity → more users and fees → more yield to restart the cycle This simply signals sustainable growth instead of short-term emissions
The Block
@TheBlock__
09-30
EXCLUSIVE: Andre Cronje's Flying Tulip raises $200 million at $1 billion token valuation https://theblock.co/post/372787/andre-cronje-flying-tulip-funding-crypto-token-valuation?utm_source=twitter&utm_medium=social…
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