Pine Analytics releases an analysis of the fundraising and mechanisms of Flying Tulip.

PANews, October 4th news, Pine Analytics released an analysis of the smart trading protocol Flying Tulip's fundraising and mechanism, stating that Flying Tulip intends to raise one billion dollars, with each dollar corresponding to 10 FT (initial price 0.10 dollars), and if the target is not met, the issuance will be proportionally reduced. The fundraising assets include USDC, USDT, USDS, USDe, ETH, SOL, AVAX, and S. Original subscribers will receive transferable NFT packages containing FT and attached redemption PUT: FT remaining in the NFT can be redeemed for an amount equivalent to the invested assets, while taking it out means giving up the PUT. The expected annualized revenue from the fundraising assets is about 44.27 million dollars, with priority given to repurchasing and destroying FT, covering approximately 500,000 dollars OpEx. The team and foundation do not pre-allocate, and will later obtain FT from the protocol's income in a 40:20:20:20 ratio. Related reading: AC's new work Flying Tulip: Want to use DeFi national bond yields to “nurture” a trading giant.