Flying Tulip (FT) has announced the details of its upcoming public auction, set at a fully diluted valuation (FDV) of $1 billion, consistent with its seed round valuation. The token price is fixed at $0.10, with 100% unlocking at the Token Generation Event (TGE). The auction offers 100% principal protection, where refund tokens will be burned to decrease the total supply. Notably, there is no team token allocation, and funds raised will be invested in low-risk DeFi protocols to generate yield. The auction timeline is as follows: the IDIA staking purchase period and reward rounds will occur from January 21 to 23, starting at 10:00 UTC. The public round will take place from January 27 at 4:00 UTC to January 29 at 16:00 UTC.