Andre Cronje Launches Fundraising for On-Chain Trading Platform Flying Tulip, Plans to Issue Platform Token FT

According to Jinse Finance, Andre Cronje, founder of Sonic Labs, is raising funds from U.S. fund companies for his on-chain trading platform, Flying Tulip. As described, Flying Tulip is a high-performance, fully featured trading platform built entirely on-chain, powered by synthetic delta-neutral liquidity pools and backed by staking yields. Flying Tulip will issue a platform token, FT, with a fixed supply, no token inflation, and no token incentives. 50% of the tokens will be allocated to investors and 50% to the foundation. The FT token has not yet been launched.