2.9K @VietnamPenguin Alright folks - turns out this $FT market resolved a big YES for everything $1B FDV and below.
That $1B bet even dipped to ~10% mid-way → 10x by expiry at 100%.
If even I could read the docs and catch it (was kinda obvious tbh), yeah… probably anyone could.
Textbook asymmetric bet btw 😄
2.9K @VietnamPenguin Maybe I’m missing something, but is $1 really trading for $0.33 right now @AndreCronjeTech ?
What we know:
• Total FT token supply = $10B, sold entirely at a $1B valuation.
• The structure includes a put option at the presale valuation ($1B) — exercisable at any time to get your capital back.
So here’s the question: how can the market price be below a $1B valuation?
Is there seriously even one idiot willing to sell at a discount?🤨
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174.8K @wublockchain12 In response to predictions on the forecasting market about the FDV (Fully Diluted Valuation) of the new project Flying Tulip (FT) token after its launch, Flying Tulip founder Andre Cronje posted that this kind of betting gives the project release a "strange perspective." The team only became aware of the oddity and discovered the market after a large number of FDV-related questions appeared on Discord. He emphasized that, given FT's mechanism design, FDV is largely irrelevant; because PUT investors can redeem at 10 cents (more precisely, the Net Asset Value (NAV) extracted from PUT FT), they have no reason to sell below that price. If they did, the funds would constitute a floor price of 10 cents. https://t.co/3GGXSuz2L4
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2.8K @CoinLaunchSpace @flyingtulip_ Secures $208M in Public Sale
$FT trading at a $974M FDV - but this isn’t a typical token launch.
Flying Tulip raised $208M through a Perpetual PUT mechanism, not a standard token sale. Deposited funds are placed into Aave to generate yield - and that yield becomes the protocol’s real revenue.
Participants received $FT wrapped in an NFT representing a PUT option: you can burn $FT anytime to redeem $USDC 1:1, or withdraw the tokens and forfeit the right - in that case, reserved USDC is used to buy back and burn $FT on the market.
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