Detailed explanation on @flyingtulip_ ICO ($200M) @flyingtulip_ is a DEX that includes perps, lending, yields, etc. essentially a full-fledged on-chain exchange, combining everything in one ecosystem raised $200M at $1B valuation from CoinFund, DWF Labs, etc. the project is being built by the well-known @AndreCronjeTech (co-founder of @SonicLabs) Details of ICO sale: • raising $800M with a $1B valuation • 100% unlock on TGE for investors (0% for team) • you can invest with stables, $ETH, $BTC • funds go into treasury, $ftUSD is minted for them How the mechanics of this sale & yield work: • you buy not only the token itself, but also the right of redemption • you can burn tokens and get back the invested funds • thus, the minimum investment value is protected • upside remains, if $FT pumps, you can sell higher this is an analog of a futures put option, built directly into the token the raised funds will be placed into DeFi protocols at ~3-4% annual yield all project income...
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