Andre Cronje is conducting a fundraising for the on-chain trading platform Flying Tulip, with plans to issue the platform token FT.

BlockBeats News, August 15th, Sonic Labs founder Andre Cronje launched a fundraising campaign for its on-chain trading platform Flying Tulip targeting U.S. fund companies. According to his introduction, Flying Tulip is a high-performance, full-featured trading platform built entirely on-chain, with its liquidity powered by a synthetic delta neutral liquidity pool and backed by staking rewards.

Flying Tulip will issue the platform token FT, with a fixed supply, no token inflation, or token incentives. 50% belongs to investors, 50% belongs to the foundation, and the FT token has not yet been launched.