🇻🇺 Flying Tulip: Andre Krone's New DeFi Project ($FT)
✅ Andre Krone's new project, Flying Tulip, is currently holding a token sale.
📱 What are Options? 🟢The right to buy or sell an item / Call option: The right to buy / Put option: The right to sell
🟢A and B enter into a put option contract: A promises to sell a coin to B for 100 won on March 1st -> In exchange for the promise, A pays B 5 won (option value)
🟢If the coin price is 70 won on March 1st, A sells the coin to B and makes a profit of 30 won.
🟢If the coin price is 120 won on March 1st, A passes without incident and the contract ends -> B makes an initial profit of 5 won.
🟢If the deadline of 3.1st is changed to 'anytime', it becomes a perpetual put option: A can protect against losses at any time.
🌷 Flying Tulip's sale structure
🟢FT token price: $0.10
🟢FT token sale participants enter into a perpetual put option contract with the FT Foundation.
🟢FT tokens When you participate with $1,000, you will receive 100FT + option (put option / right to sell) in the form of NFT.
🟢Option: Right to sell your FT tokens to the foundation at $0.1 at any time = principal guaranteed.
🟢The entire sales amount is locked up, and there is no allocation of team tokens.
🟢 Foundation operations and token buybacks are conducted solely with interest and operating profits.
👉 Token Sale Participant Strategies
🟢 When the FT price rises: Burn NFTs, claim FT tokens, and sell them on the market.
🟢 When the FT price falls (below $0.1): Exercise an option (refund right) to the foundation via NFTs, then burn the NFTs -> Principal Guaranteed.
🟢 Simply wait.
🟢 Trade NFTs as NFTs (FT tokens + options): Option-based NFTs hold a premium over market-traded FTs.
⁉️ Foundation Operational Strategy
🟢 The foundation locks up the entire sale proceeds and generates operating profits through DeFi and other platforms. 🟢 Operating profits are used for foundation operating expenses, buybacks, etc.
🟢 No team allocation tokens under tokenomics: tokenomics free from token dumping pressure.
🟢 If 10 tokens are bought back with profits, 4 new tokens will be issued to the foundation, 4 to the team, and 2 to the incentive tokens. Minting Structure: No dumping pressure due to lack of potential team supply.
🟢Token Issuance: Maximum 1 billion / Issuance proportional to the amount raised for the sale.
💬 Andre Krone always brings innovative DeFi products, and this time it's no different. Because it's Andre Krone, I'm a bit apprehensive, but also a bit intrigued.
Although it's a principal-protected DeFi, it's not without risks. If the foundation deposits Aave and is hacked, for example, the reserves could be lost. In such a case, there could be speed limits or queues for exercising rights. With many institutions participating, it seems like it would be a smooth operation if there were proper monitoring and control. I'm curious to see what products they'll develop.
There will likely be more projects like this one that combine the more complex concepts of finance and crypto. Let's learn together.
Twitter | Participate in the Sale
#FT #ANDRE #Sonic #FlyingTulip
