Andre Cronje, founder of Sonic Labs, has raised funds for his on-chain trading platform, Flying Tulip, for US fund managers. According to him, Flying Tulip is a high-performance, fully functional trading platform built entirely on the chain, with liquidity powered by a synthetic delta neutral liquidity pool and backed by pledged returns.
Flying Tulip will issue the platform token FT, a fixed supply, with no token inflation or token incentives. 50% goes to investors, 50% goes to foundations, and FT tokens have not yet been launched.
Andre Cronje raises funds for on-chain trading platform Flying Tulip, plans to issue platform token FT
2025-08-15 02:12:12
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