BlockBeats news, on August 15, Sonic Labs founder Andre Cronje is raising funds for its on-chain trading platform Flying Tulip targeting U.S. fund companies. According to him, Flying Tulip is a high-performance, fully functional trading platform built entirely on-chain, with liquidity powered by synthetic delta-neutral liquidity pools and backed by staking yields.
Flying Tulip will issue the platform token FT, with a fixed supply, no token inflation or token incentives. 50% belongs to investors, and 50% belongs to the foundation. The FT token has not yet been launched.