Flying Tulip founder Andre Cronje has addressed concerns regarding the fully diluted valuation (FDV) predictions for the new FT token. Cronje noted that the prediction market's focus on FDV has introduced a "strange perspective" to the project's launch. The team became aware of the market due to numerous inquiries on Discord about FDV. Cronje emphasized that due to FT's design, FDV is largely irrelevant. He explained that PUT investors can redeem at $0.10, the net asset value (NAV) of PUT FT, ensuring no incentive to sell below this price, which effectively sets a floor at $0.10.
Flying Tulip Founder Addresses FDV Concerns in Prediction Markets
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