Here’s why most people never escape poverty:
They think it’s about luck or motivation.
It’s about discipline.
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Didn't want to mention or interact with this at all till after it was done, but this kind of betting definitely adds a weird angle to launching a project, we had so many people in discord asking about FDV that the team realized something weird was going on and then found the betting market. However, given FT's design, FDV is largely irrelevant, PUT investors can refund at 10c, so they have no reason to sell below, and if they do, the capital becomes a floor at 10c (technically its not 10c, its NAV of "withdraw from PUT FT"), it is liquidity constrained, so things can fluctuate, but this was genuinely interesting to watch, and was a very welcome stress-test to the model.
Quick reminder: @flyingtulip_
$FT is live on @StargateFinance
Bridge it now across Sonic, ETH, BNB, AVAX & Base Big for liquidity https://t.co/3RUjzwxpEM
If you’re already watching $FT, you might as well not miss this 👀
Flying Tulip x MEXC are giving away 250 $USDT to 25 winners. Simple steps, quick entry:
1️⃣Follow @MEXC_Listings & @flyingtulip_
2️⃣RT pinned post
3️⃣Tag your people
4️⃣Comment “Trade $FT on MEXC” and drop your UID.
Sometimes it pays to actually participate. 😉
A quick reality check on ftUSD yield that's starting to show up. Unstaked ftUSD itself isn't earning anything directly it's a pure stable peg coin for trading or lending use.
The yield kicks in only when you stake it to sftUSD. That's when you start getting distributions from the collateral's carry (lending/borrowing/staking/funding rates).
What's cool is even unstaked ftUSD's backing collateral earns yield-protocol routes that straight to FT buybacks (more scarcity for holders). Stakers get the bought back FT as their yield reward.
It's all token first and every yield path touches $FT somehow so there are no free lunch, but super aligned for long term holders. The dashboard shows yields already generating just curious are there anyone staking sftUSD yet? And how's the APY looking for you?
How does ftUSD fits into the bigger FT picture it's not just another stable; it's designed to feed the whole system.
Collateral (USDC/USDT/etc.) gets deployed low-risk (Aave/Lido style), earning yield. For unstaked ftUSD, that yield goes to the protocol treasury → funds FT buybacks/burns (scarcity boost).
Stake to sftUSD? You opt in for the yield distributions-protocol takes collateral carry + revenue/fees, buys back FT on market, then drops those bought FT to stakers as rewards.
There are basically no middleman, no emissions everything loops back to $FT demand.
Early yields are ticking and the dashboard has the numbers, this feels like a sustainable way to reward participation.
Scrolling through my feed and stumbled on this post calling @AndreCronjeTech and @SonicLabs and I have seen number of people saying Flying Tulip will be rugged by straight-up scammers. The "biggest scammer ever" line got me felt like I had to chime in because I've followed Andre's stuff for years and this take seems way off base.Look, Andre launched Yearn Finance as a legit fair launch back in the day no premine, no VC bags, he even said YFI had zero value at start. People made bank early, and it's still one of the most battle-tested DeFi protocols out there. His projects are often wild experiments (Keep3r, Solidly, etc.), and yeah, some blew up or got rugged by copycats/hype chasers, but that's crypto not proof of scamming. Sonic Labs (the evolution of Fantom) has real tech: sub-second finality, high TPS, low fees, and they've been building through tough markets. There have been leadership changes and pivots, but that's not scamming it's iterating in a brutal space.
@flyingtulip_
is his newer DeFi super app play, backed by serious names (Amber Group, CoinFund, etc.), with burns, dashboards, and transparent mechanics rolling out. It's live, fees are set, no fake APY promises that's the opposite of scam behavior. Crypto's full of salty takes from people who got rekt on hype or missed out, and Andre's had his share of drama (exits, rugs in the ecosystem, etc.), but calling him/these teams outright scammers ignores the innovation he's shipped. Price ≠ quality (Dogecoin exists), and not every project moons, but building relentlessly isn't fraud. If you're farming drama or got burned somewhere, fair enough to vent but let's not spread FUD that paints actual builders as criminals. DYOR always, but this smells more like frustration than facts.
ftUSD is live, but they’re basically saying “don’t ape in yet”, you don’t hear team say that often. I respect @flyingtulip_ transparency here
Meanwhile, buybacks continue and $FT supply keeps shrinking.
I have been seeing some noisy post in the space lately, Let’s cut through the noise and talk straight about @AndreCronjeTech He launched Yearn Finance and its iconic YFI token as one of the purest fair launches in crypto history zero premine, zero insider allocations, not even a single token for himself. He openly declared it had no value at launch. Yet early participants who believed in the vision turned it into life-changing gains, and the protocol continues thriving years later as a cornerstone of DeFi.Projects like Keep3r Network, Eminence Finance, and Solidly? Those were bold, live experiments pushed directly onchain classic “test in prod” moves that defined early DeFi innovation. When people rushed in chasing quick flips, that wasn’t one man’s scheme; it was the raw, greedy heartbeat of crypto culture at the time. And let’s be real: Solidly’s ve(3,3) model didn’t just work it got forked and copied across the ecosystem because it delivered real mechanics that others built empires on.Even Sonic brought serious technical innovation to the table, but crypto markets have never run purely on tech merit. They thrive on hype, community tribes, compelling narratives, and momentum. Price rarely tracks quality alone just look at Dogecoin, still kicking despite everything. You can (and should) critique outcomes, results, and missteps. But dismissing the innovation outright? That’s rewriting history to fit a narrative. Andre pushed boundaries, shipped relentlessly, and left a trail of protocols that reshaped DeFi for better and for worse. In the end, legends in this space aren’t judged by perfection. They’re remembered for daring to build when most only watched, criticized, or copied. Andre Cronje built a lot and the industry is undeniably better (and wilder) for it.
check out @flyingtulip_
I got absolutely rekt in 2022 raises vested, tokens dumped, and there were literally no exits. Watching @flyingtulip_ trade post-TGE? It dipped quick but found its way back to the $0.10 floor because you can burn tokens anytime to redeem your full principal (perpetual PUT). Early burns already happened, ftUSD is live (yield stable incoming), $200M+ raised with onchain proof. Andre’s Yearn still prints $500K+ revenue yearly there are literally no scams here.
People keep confusing two completely different actions, so here's a simple explanation
When someone withdraws, they're choosing to take profit. The FT comes out, but the backing capital stays in the system and gets used for buybacks and burns. That's where burned FT actually comes from.
When someone exits, they're just redeeming their capital. The FT goes back to non circulating supply, nothing gets burned, nothing gets bought back. It's basically a reset.
So no, burns aren't some random mechanic. They only happen when people withdraw to sell, not when they exit.
Flying Tulip $FT is officially live on MEXC, and it’s honestly one of the most interesting experiments in tokenomics we’ve seen in years. 🌷
@AndreCronjeTech and the team are basically challenging the "high FDV, low float" meta by introducing a built-in perpetual put option. The fact that public sale participants can burn their tokens to redeem their original $0.10 investment creates a massive psychological (and literal) floor.
We’re seeing a unified stack, spot, lending, perps, and the yield-bearing ftUSD all under one roof. If they can solve the liquidity fragmentation issue, this could be the "super app" DeFi has been waiting for. Keeping a close eye on how that $0.10 floor holds up on the open market. 📈
#DeFi #Crypto
What’s happening with @flyingtulip_ right now is actually bigger than people think.
$FT officially moved from:
“raise phase” ➝ “real market phase”
Tokens are live.
Trading is happening.
Withdrawals are enabled.
And the most interesting part?
The protection mechanism didn’t disappear after launch.
You still have a system where capital has backing, redemption exists, and upside is still open if adoption grows.
Love it or doubt it…
$FT is one of the most important DeFi experiments to watch this year 👀
@AndreCronjeTech