BlockBeats News, January 30th. Flying Tulip, a unified on-chain financial system founded by Sonic Labs founder Andre Cronje, announced that it has raised an additional $25.5 million in a private token sale, bringing the total institutional funding to $225.5 million. The project has raised an additional $50 million through the Impossible Finance platform and plans to conduct a public sale through CoinList. Currently, it has received over $1.36 billion in investment commitments, with only about $400 million in remaining allocation.BlockBeats previously reported that Flying Tulip will launch its token sale on CoinList. The public sale is planned to raise $200 million, accounting for 20% of the total FT token supply (20 billion tokens), with a token price of $0.10 and a corresponding FDV of $1 billion. The public sale will start at 00:00 on February 3rd and end at 21:00 UTC on February 6th, with a minimum purchase amount of $100.It is reported that Flying Tulip aims to integrate spot trading, lending, perpetual contracts, insurance, and a native stablecoin (ftUSD) into a unified protocol framework. Tokens participating in this sale will be protected by the "Perpetual PUT" structure, and the FT NFTs received by participants will include redemption rights. Holders can choose to hold, burn the tokens to redeem the initial investment, or unlock the tokens for free trading (losing the redemption rights upon unlocking).

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