Flying Tulip (FT) is about to launch its token sale on CoinList, looking to raise $200,000,000 for 20% of its token supply, and the market is paying close attention. This sale stands out for two reasons: first, it’s one of the highest-profile DeFi launches in months; second, FT introduces a unique “Perpetual PUT” structure, letting buyers redeem their tokens at cost or trade freely if they opt out of the protection.
**Impact on the market:**
- FT's massive fundraising goal ($200,000,000) and strong institutional interest (total private+seed funding reached $225,500,000, with over $1,360,000,00