Flying Tulip has announced the public sale of its FT token will commence on February 16, with the Token Generation Event (TGE) scheduled for February 23. The sale will feature the ftPUT model, granting all issued tokens a permanent buyback right at the original investment rate and currency, including BTC, ETH, SOL, USDC, USDe, USDS, and ftUSD. Previously, Flying Tulip completed a $200 million seed round without a lead investor, achieving a fully diluted valuation (FDV) of $1 billion. Notable investors in the round included Brevan Howard Digital, DWF Labs, CoinFund, and Republic Digital.