The new project Flying Tulip (FT), founded by Andre Cronje, announced that it will hold a public sale tomorrow, allowing all users to participate with a maximum fundraising cap of up to 1 billion USD. Previously, Andre Cronje stated that all raised funds would be deployed into low-risk yield strategies such as Aave and Lido. Users can withdraw their deposits at any time without any conditions.
Notably, all fees, revenue, and yields generated by the protocol will be used to buy back FT tokens and distribute them to participants. According to data on the official website, the total investment value currently reaches 126.10 million USD, with an accumulated yield of 85,630 USD, even before the protocol officially launches.
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