CoinList announced on February 7 that Flying Tulip — a on-chain financial system founded by Andre Cronje — has completed its token sale on the platform, with nearly $10 million in committed funds. Participants received FT NFTs (which include both the token and full redemption rights), and these have been distributed to their respective non-custodial external wallets. Additionally, users have three options to choose from: – **Hold**: Keep the FT NFTs as-is – **Redeem**: Destroy FT at any time to redeem the original asset at face value (redeemed FT will be permanently destroyed) – **Unlock & Trade**: Forfeit redemption rights, but FT will become freely tradable This structure aligns with U.S. news brief language — concise, scannable, and clear on key details.
