CoinList will initiate the public sale of Flying Tulip (FT) tokens, a project by Andre Cronje, on February 3. The sale aims to raise $200 million, offering 20% of the total 2 billion FT tokens at $0.10 each, reflecting a $1 billion fully diluted valuation. The sale will run until February 7, with a minimum purchase of $100. Participants will receive FT NFTs with redemption rights, allowing them to either redeem funds at the original price or unlock tokens for trading, forfeiting redemption rights.