**January 30th** Flying Tulip — a unified on-chain financial system founded by Sonic Labs founder Andre Cronje — has raised an additional $25.5 million in a private token sale, bringing its total institutional funding to $225.5 million. The project has also secured an extra $50 million via the Impossible Finance platform and plans to host a public token sale on CoinList. As of now, Flying Tulip has received over $1.36 billion in investment commitments, with roughly $400 million still available for allocation. BlockBeats previously reported that the CoinList public sale is targeted to raise $200 million, representing 20% of the total FT token supply (20 billion tokens). The token is priced at $0.10, with a corresponding fully diluted valuation (FDV) of $1 billion. The sale kicks off at 00:00 UTC on February 3 and runs through 21:00 UTC on February 6, with a minimum purchase requirement of $100. Flying Tulip aims to integrate spot trading, lending, perpetual contracts, insurance, and its native stablecoin (ftUSD) into a single protocol framework. Tokens sold in this offering are protected under a “Perpetual PUT” structure, and FT NFTs received by participants include redemption rights. Holders have three options: hold the tokens, burn them to redeem their initial investment, or unlock the tokens for free trading (forfeiting redemption rights upon unlocking).
