flying tulip Gains Traction: Securing Funds for On-Chain Trading Revolution
Renowned tech entrepreneur Andre Cronje is spearheading Flying Tulip, an enterprising on-chain trading platform. This new venture, born from Sonic Labs co-founder Cronje’s vision, aims to disrupt customary trading norms.
Cronje recently announced on X that Flying Tulip is seeking investments from U.S.-based funds. This marks the first public fundraising campaign for the project. Interested investors can connect via [email protected].
Flying Tulip operates exclusively on the Sonic (S) layer-1 blockchain. It promises users a high-performance decentralized exchange loaded with spot and perpetual trading, lending, and options. Its standout feature? A synthetic delta-neutral pool backed bystaking yield.
- The platform offers colossal leverage up to 1000x.
- Adaptive AMMs dynamically adjust based on market conditions.
- Fixed-supply FT token ensures no inflation or unauthorized issuance.
The collected funds will steer yield strategies. Only profits will fund marketing, token liquidity, and more. The FT token isn’t active yet but guarantees holders can sell back at the initial BTC, ETH, or stablecoin price.
Its adaptive curve AMM switches pricing models based on volatility, offering traders competitive rates. Non-custodial wallets ensure user control.
While the community buzzes with excitement, real-time data accuracy remains a crucial factor for Flying Tulip’s success. it’s an exciting progress that aims to bring decentralized finance closer to centralized powerhouses like GMX and Binance without the risks.
