Raising $200 million, DeFi father AC is back with Flying Tulip in a high-profile manner
Original title: "The Man Is Back! This time we want to raise a billion US dollars"
Original source: BitpushNews
When everyone thought Andre Cronje had faded out of the crypto circle, the legendary figure known as the "father of DeFi" is back. This time, he brought a new project - Flying Tulip, which today announced the completion of $200 million in financing and plans to launch a token public sale.
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what's even more special is that this public sale comes with a mechanism that has never been seen before: users can burn tokens and get their principal back at any time. This means that the downside risk of participants has "bottom line protection", while the upside return is still not capped.
Who is Andre Cronje?
If you've lived through DeFi summer in 2020, you've definitely heard his name.
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