Andre Cronje is raising capital for the on-chain trading platform Flying Tulip and plans to issue the platform token FT
TechFlame
2025-08-15 02:10
TechFlame2025-08-15 02:10
English
TechFlame reports that Andre Cronje, founder of Sonic Labs, is raising capital from US fund companies for its on-chain trading platform Flying Tulip. According to its introduction, Flying Tulip is a high-performance, fully functional trading platform built entirely on the chain. Its liquidity is powered by synthetic delta-neutral liquidity pools and backed by staked earnings.
Flying Tulip will issue platform tokens FT, with a fixed supply and no token inflation or token incentives. 50% belongs to investors, 50% to foundations, FT tokens have not yet been launched.