The post Andre Cronje Launches Flying Tulip Token Sale at $0.10 appeared on BitcoinEthereumNews.com.

The post Andre Cronje Launches Flying Tulip Token Sale at $0.10 appeared first on Coinpedia Fintech News Flying Tulip (FT), the new decentralized finance project from veteran developer Andre Cronje, will open its public token sale tomorrow. The sale is open to all users and has a maximum deposit cap of $1 billion. Cronje has clarified that the project is not raising $1 billion in the traditional startup sense. Instead, user deposits are capped at that level and deployed into low-risk yield strategies. At present, all funds are allocated to Aave, with diversification expected later. Users can withdraw their original deposit at any time, while the protocol keeps the yield generated from those funds. FT Price Floor and Redemption Model The FT token is priced at $0.10, implying a fully diluted valuation of around $1 billion. What makes the structure stand out is its built-in redemption model. If the token trades above $0.10 on the open market, holders can sell and take profit. If it trades below $0.10, users can redeem directly through the protocol at the fixed floor price. This creates a structural price floor backed by deployed capital. If market prices fall under the floor, reserve collateral is used programmatically to buy back FT tokens and restore stability. The design aims to provide downside protection while still allowing upside if token demand increases. TVL Growth and Yield Activity Even before full token transferability, Flying Tulip is already active. On-chain dashboards show more than $126 million in total value locked (TVL), with over $85,000 in cumulative yield generated so far. The early activity highlights that the protocol is earning revenue from deployed capital rather than relying only on speculative token trading. By allocating deposits to Aave, the project is generating yield from established DeFi lending markets. Revenue Model and…

---

Filed under: News - @ February 16, 2026 6:22 am