TechFlow News: On February 14, Flying Tulip announced that its FT token will launch a public sale on February 16 and conduct its Token Generation Event (TGE) on February 23, adopting the ftPUT mechanism—under which all tokens issued carry a perpetual put option, allowing holders to sell back tokens at the same exchange rate and in the same currency (BTC, ETH, SOL, USDC, USDe, USDS, or ftUSD) used during their initial investment. Prior to this, the project completed a $200 million seed funding round without a lead investor, achieving a $1 billion valuation. Investors include Brevan Howard Digital, DWF Labs, CoinFund, and Republic Digital.
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