Sonic Labs founder Andre Cronje is raising funds for its on-chain trading platform Flying Tulip targeting US fund companies. According to him, Flying Tulip is a high-performance, full-featured trading platform, completely built on-chain, with liquidity powered by a synthetic delta-neutral liquidity pool and backed by staking rewards. Flying Tulip will issue platform token FT, with a fixed supply, no token inflation or token incentives. 50% belongs to investors, 50% belongs to the foundation, FT token has not yet been launched.
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