💎 [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.
