Andre Cronje, the veteran of the Defi industry, quickly returned to the industry with a new cryptocurrency project.
Accordingly, Andre Cronje, the name Achter Fantom (newly mentioned Sonic) and Yancn.finance, has launched that he launched his new project called Flying Tulip (FT).
The new Cronje project has received $ 200 million in investments and has reached a token valuation of $ 1 billion.
Participants included companies such as Brevan Howard Digital, Coinfund, DWF Labs, Falconx, HyperSphere, Lemniscap, Nascent, Republic Digital, Selini, Sigil Fund, Susquehanna Crypto, Tioga Capital and Virtuals Protocol.
The project is planning to collect up to $ 800 million in extra financing through a public FT -topping sales. Cronje said that the FT sales will be performed on Flying Tulip’s own platform, non -existent ICO platforms.
All investors in both private and public rounds have the right to repay their original director (eg in ETH) at any time.
One of the distinctive characteristics of the rise in Flying Tulip is currently the ‘purchasing the chains,’ also described as a perpetual well option.
Investors in both private and public rounds can burn their FT tokens at any time to buy back to their original director in assets in which they have invested, such as ETH.
Cronje said that this model was designed to offer investors downward protection while retaining “unlimited upward potential”.
Cronje also noted that there was always a possibility that the investment was earned back and that the actually collected money was zero.
“Because the money can be withdrawn at any time. But we will also invest this money. We will invest in Defi protocols with low risk, such as Aave, Ethena, Spark.”
*This is not investment advice.
