Flying Tulip Launches Public Sale of FT Tokens: Details on the Project and Sale

The Flying Tulip project, founded by renowned DeFi developer Andre Cronje, has announced the launch of the public sale of FT tokens (IDO). The sale is taking place on the Impossible Finance platform and is part of a broader initiative to develop an on-chain financial market. The project has already raised $200 million in private funding rounds, with a total valuation of $1 billion. The public sale aims to raise $15 million, representing about 7% of the total funds.

Details on the Flying Tulip Project

Flying Tulip positions itself as a comprehensive on-chain financial marketplace that introduces innovations to address issues of capital efficiency and market limitations. The project focuses on DeFi elements such as automated market makers (AMM), decentralized exchanges (DEX), lending/borrowing, and trading.

• First-of-their-kind tools for improving capital efficiency, including trade optimization and asset management directly on the blockchain.
• All participants in the initial sale (private and public) receive an on-chain right to burn FT tokens at any time and redeem up to 100% of their initial investment. This adds a layer of protection for investors.
• Led by Andre Cronje, known for projects like Yearn.finance. The project is backed by leading venture funds, including CoinFund, DWF Labs, Hypersphere Ventures, Brevan Howard, Lemniscap, Nascent, FalconX, Republic, Selini Capital, Sigil Fund, Susquehanna International Group (SIG), Tioga Capital, and Virtuals Protocol.

The overall goal is to create an efficient ecosystem for on-chain finance, where users can trade, lend, and invest without intermediaries, with an emphasis on security and efficiency.

Details on the $FT Token Sale

• Platform: The sale is conducted on the Impossible Finance Launchpad.
• Staking Period: From October 31, 2025, at 8:00 UTC to November 17, 2025, at 8:00 UTC (the sale is currently ongoing, as today is November 9).
• How to Participate: To receive a guaranteed allocation, users must stake IDIA tokens (the native token of Impossible Finance) in one of two pools.
• Token Price: $0.1 per FT.
• Allocation: Public sale – $15 million, corresponding to 150 million FT tokens (at $0.1 price).
• Tokenomics:

1. Total Supply: 150 million FT (according to CryptoRank, though some sources indicate possible adjustments; full tokenomics available on official resources).
2. Distribution: 93% of funds from private rounds ($200 million), 7% – public sale.
3. Vesting: 100% of tokens available at TGE (Token Generation Event), with no lockups for IDO.
4. IDO Date: Approximately November 2025, exact TGE date – TBA (to be announced), but after staking completion.

• Valuation: Fully Diluted Valuation (FDV) – $1 billion.

In the private round (seed round) on September 29, 2025, the project raised $200 million from 13 investors. In total, Flying Tulip has raised $215 million.

This sale is attracting attention due to its innovative approach to investor protection and strong team. Experts recommend thoroughly studying the risks associated with crypto investments before participating.