Flying Tulip to Launch FT Token Public Sale on Feb. 16 After $200M Seed Round

Flying Tulip will open the public sale of its FT token on Feb. 16, with token generation scheduled for Feb. 23, the project said. The sale will use the ftPUT model, which grants all issued tokens a permanent repurchase right at the original exchange rate in BTC, ETH, SOL, USDC, USDe, USDS, and ftUSD. The team previously raised $200 million in a seed round with no lead investor, valuing the project at $1 billion, with participation from Brevan Howard Digital, DWF Labs, CoinFund, and Republic Digital.