How to join Flying Tulip ($FT) ICO?

Designed as a fully integrated on-chain financial ecosystem, Flying Tulip reimagines how liquidity, trading, lending, and risk management interact in the blockchain world. Here is fully details and guide to join Flying Tulip ICO. What is Flying Tulip? Flying Tulip is a new project initiated by Andre Cronje, founder of

Cris

20 Oct 2025 6 min read

What is Flying Tulip?

Flying Tulip is a new project initiated by Andre Cronje, founder of Yearn Finance and CTO of Sonic (formerly Fantom), with the ambition to build a comprehensive on-chain exchange and next-generation financial market.

Unlike existing DeFi platforms that are inherently fragmented, Flying Tulip is designed as a unified ecosystem from the ground up (ground-up rebuild), combining many core functions including spot trading, derivatives, options, lending market, stablecoins of the ftUSD ecosystem and on-chain insurance, all operating on cross-margin mechanism and volatility risk management.

Technology of Flying Tulip

Here is core technology of Flying Tulip

Cross-Margin & Volatility-Aware System: Cross-margin and volatility risk management mechanism.
Hybrid AMM + CLOB: Combine AMM (Automated Market Maker) with centralized order book (CLOB) to improve liquidity and order matching.
Adaptive Curve AMM: AMM automatically adjusts the curve (constant product ↔ constant sum) based on market volatility.
Dynamic LTV Model: Dynamic LTV model to flexibly adjust borrowing limits, reducing liquidation risk.
Unified Liquidity Pool: A single liquidity pool for Spot, Leverage and Perpetuals, optimizing capital efficiency.

What is Flying Tulip ICO?

Flying Tulip ICO refers to the Initial Coin Offering (ICO) for the Flying Tulip project, a new decentralized finance platform founded by Andre Cronje. The ICO was for its native token, FT, and the project successfully raised $200M in funding ahead of its launch.

Presale Structure

The Flying Tulip presale is divided into multiple phases, all set at a fixed price of $0.10 per FT, equivalent to 10 FT per $1 contributed.

Early Access: Conducted through Impossible Finance (IF) and CoinList, with a total cap of $200 million. Participants must complete KYC verification. A 1% platform fee applies on IF, while CoinList fees are yet to be confirmed. Whitelisting requires completing a form submission.
Supporter Whitelist: Allocations are determined by on-chain metrics (criteria to be announced). This phase is permissionless and does not require KYC or manual registration.
Intent Whitelist: Interested investors can submit an interest form on flyingtulip.com, specifying their intended contribution amount, asset type, and completing a qualified investor questionnaire. No KYC is required.
Public Sale: The final phase is open to everyone, fully permissionless, and requires no KYC.

Timeline

The public sale is live at October 16th 2025. All contracts will be published in advance, and the token launch will take place before the public sale concludes. Flying Tulip will not list on centralized exchanges; trading will occur exclusively on its own decentralized exchange (DEX).

Accepted Assets & Network Limits

The presale will run across multiple networks including Sonic, Ethereum, Avalanche, Base, BSC, and Solana.

Contributions will be prioritized by asset and network to optimize TVL deployment, with an initial total cap of $562.5 million, expandable up to $800 million.

Only USDC, USDT, ETH, and SOL will be accepted, and these assets will be used only if priority slots remain unfilled.

Redemption & Protections

Perpetual Put Option: Burn FT to redeem original principal (in contributed asset) anytime; non-transferable until public sale ends to avoid arbitrage.
NFT Packaging: Subscribers get transferable NFT with sealed tokens + redemption right; unsealing indefinite (claim FT or refund).
Risk Mitigations: Segregated reserves; no leverage/loops; proportional allocation if oversubscribed; yields fund buybacks/burns for value accrual.

How to join Flying Tulip ICO

Here is step-by-step guide by Phase, but first we have some requirements to keep in mind:

Key Requirements

Wallet: MetaMask or compatible EVM.
Supported Networks/Assets: Sonic, Ethereum, Avalanche, Base, BSC, Solana. Priority assets: USDC, USDT, USDS, USDe, ETH, SOL, AVAX, S, BNB (see caps below).
KYC: Only for Early Access; others permissionless (no KYC).
Fees: 1% on Impossible Finance (Early Access); none otherwise.
Protections: Instant secondary market via NFTs; no leverage/loops; proportional allocation if oversubscribed.

Phase 1: Early Access (Via Partners)

The Early Access phase marks the first opportunity for participants to join the Flying Tulip presale through trusted partners such as Impossible Finance and CoinList. Early registration is highly recommended, as the Early Access phase is expected to experience strong demand and limited allocation. Joining promptly increases your chances of securing a slot in this exclusive round.

Step 1: Access the platform. Visit app.impossible.finance or coinlist.co
Step 2: Submit the whitelist form. Provide your email address and wallet address to register.
Step 3: Complete KYC verification. Upload your identification documents and wait for approval. This step is mandatory for both platforms.
Step 4: Connect your wallet. After KYC approval, link your wallet to the chosen platform.
Step 5: Select asset and network. Choose your preferred asset (e.g., USDC, USDT, ETH, or SOL) and network. Priority assets will receive allocation preference.
Step 6: Contribute. Confirm your transaction to participate in the presale. Upon completion, you will receive an NFT representing your FT allocation, which includes a redemption right for future on-chain conversion.

Phase 2: Supporter Whitelist

The Supporter Whitelist phase is designed to recognize and reward active community members and long-term supporters of Flying Tulip and its partner ecosystems. Eligibility is determined automatically through on-chain activity, meaning users do not need to manually apply unless notified.

Step 1: Check eligibility. Visit the Flying Tulip Dashboard or monitor your email for an eligibility notification.
Step 2: Submit participation form. If eligible, complete the provided Google Form, indicating your intended contribution amount, preferred asset, and wallet address.
Step 3: Connect your wallet. Log in to the official Flying Tulip site and connect your wallet to verify participation.
Step 4: Approve transaction. Review and confirm your contribution once your slot has been allocated.

Phase 3: Intent Whitelist

The Intent Whitelist phase is tailored for larger investors seeking priority allocation before the public round. This phase ensures a structured and transparent process for qualified participants while maintaining flexibility in contribution and asset choice.

Step 1: Submit intent form. Visit flyingtulip.com and complete the official form, specifying your intended contribution amount, preferred asset, and qualified investor questionnaire.
Step 2: Await confirmation. The Flying Tulip team will review submissions and notify selected participants with allocation details.
Step 3: Contribute directly. Once approved, connect your wallet and contribute directly on the platform using your selected network and asset.

Phase 4: Public Sale (Open to All)

The Public Sale phase marks the most accessible and inclusive stage of Flying Tulip’s presale, designed for anyone to participate without KYC or whitelist requirements.

Step 1: Visit official site. Go to flyingtulip.com and connect your wallet.
Step 2: Select network and asset. Choose from supported networks (e.g., Sonic, Ethereum, Solana, Base, BSC, Avalanche) and preferred assets (USDC, USDT, ETH, or SOL).
Step 3: Enter contribution amount. Specify your desired contribution and verify the remaining cap availability before proceeding.
Step 4: Approve and confirm transaction. Approve the transaction in your wallet (note: gas fees apply).
Step 5: Receive your NFT receipt. After successful contribution, an NFT representing your allocation and redemption right will be issued. You can later unseal it to claim $FT tokens or redeem as specified.

Conclusion

By combining advanced trading architecture, cross-chain liquidity integration, and innovative risk protections, it not only redefines how users interact with financial products on-chain but also lays the foundation for a truly decentralized financial market governed by smart contracts and market dynamics.

Disclaimer: This article is for informational purposes only, not investment advice, and Whales Market is not responsible for any of your investment decisions.

FAQs

1. What is the native token of Flying Tulip?

The native token of Flying Tulip is $FT, used to facilitate coordination across the ecosystem.

2. What is Flying Tulip ($FT) pre-market price?

Currently, $FT is trading on Whales Market. Whales Market is the leading pre-market DEX platform to trade pre-TGE tokens and allocations, with over $300 million in volume, no middlemen, trustless and on-chain.

3. What is the price of Flying Tulip ($FT) today?

While Flying Tulip ($FT) hasn't been listed yet, users can trade $FT pre-market on Whales Market before the TGE. Here you can trade $FT before the asset gets listed on leading CEXes like Binance, Bybit or OKX.

4. What is Flying Tulip?

5. How many phases for Flying Tulip ICO?

There are 4 main phases: Early Access, Supporter Whitelist, Intent Whitelist, and Public Sale.