What is $FT? Its the native token of @flyingtulip_, integrated across the entire product suite, with the token model designed to convert all value generated by the platform into direct demand for the token.
1) Capital from invalidated PUT Options is used for buybacks at NAV, and burns. So far, over 12,185,612.71 $FT has so far been bought from the market and burned, at a market price of about $1.4m.
2) All revenue and fees generated across Flying Tulip products are used for buybacks at spot price from the secondary market.
As Flying Tulip products become fully deployed and integrated, secondary-market FT pricing should increasingly reflect the protocol’s underlying cashflows, buyback demand, and supply reduction mechanisms.
In addition, once protocol revenue is sufficient to sustain team operations and reaches $3,500 per day, Flying Tulip plans to burn all unallocated and divested supply. This currently represents more than 93% of total supply, or 9,333,329,982 FT.
In just 40 days Flying Tulip (@flyingtulip_) launched a brand new on-chain PUT execution and AUM management system, an on-chain stablecoin liquidity fund, and just launched a new margin lending primitive.
All while raising only ~$500k from PUTs so far.
🧵1/6
Revenue and fees (and eventually yield) generated from @flyingtulip_ ftUSD, Margin Lending, Spot, Futures, and Insurance are converted into demand for $FT via buybacks on the open market, and a large share of those buys are burned, reducing supply and increasing holder value.
Once products launch and the flywheel starts there is no stopping it, since there is no sell pressure from token inflation or insiders selling tokens they got for free.
Participants in a crypto market dominated by meme coins and low-float / high-FDV tokens (where VCs and teams control the float) have learned one rule over the past few years: SELL EARLY.
You flip quickly because if the price is not moving, you risk being the one left holding the bag while insiders exit.
This is why Flying Tulip is different.
Its raise mechanism reverses the relationship and places investors first: every participant holds a Perpetual PUT, meaning they can always exit with the exact capital they put in.
➖NO team tokens, NO bonus tokens
➖SAME terms for every round (even seed)
Every PUT in existence was purchased and funded by investors themselves.
For the @flyingtulip_ team to benefit, they MUST ship products that generate real revenue.
Fees and yield from ftUSD, Margin Lending, Spot, Futures, and Insurance then create demand for $FT through open-market buybacks, with a large portion burned to reduce supply.
Team and holders are 100% aligned: the only way to win is to win together.
Why is Flying Tulip raising ONE BILLION AMERICAN DOLLARS? @flyingtulip_ has a very different raise and funding mechanism.
All investors can divest their $FT, and get back exactly what they contributed. There is no deadline, and this option is always available.
All funds raised are deployed to conservative, liquid strategies. The carry is used to fund team operation, as well as buyback and burn $FT.