Mitchell Demeter

The first time Andre was discretely asked about @flyingtulip_ DeFi godfather @AndreCronjeTech said the exchange will compete with binance & coinbase but “FULLY DECENTRALIZED” he considered it to be future of decentralized finance!! Incase you don’t know! Flying Tulip is a next-generation, on-chain trading platform engineered by Andre Cronje, co-founder of @SonicLabs (formerly Fantom). It’s designed to combine the best features of decentralized exchanges (DEXs), aiming to deliver centralized exchange (CEX) performance with DeFi-level transparency and trustlessness, Flying Tulip isn’t just an AMM. It’s a modular platform offering: •Spot trading •Futures and options •Leveraged lending (up to 50×) •Stablecoin swaps—all within a single, unified liquidity pool, eliminating fragmentation across different markets •Built on Sonic L1, the platform •Up to 10,000 TPS •Sub-second finality •Ultra-low fees (as low as 0.02%) •Designed to rival—or even outperform—leading CEXs in speed and UX while maintaining a fully on-chain, non-custodial model. Currently in fundraising mode, primarily targeting U.S. institutional investors. The platform will issue a fixed-supply native token, FT, with: •50% allocated to investors •50% retained by the foundation •No inflation or mining incentives Raised funds will be used as a strategic reserve for: •Stabilization -Launchpad incentives •Marketing •Token liquidity •Only generated yield, not principal, will fund these areas—emphasizing sustainability and user-focused incentives, Flying Tulip represents a bold new vision in DeFi— a seamless, modular trading infrastructure that blends AMM, derivatives, and leverage into a single, high-performance platform. Powered by Sonic L1 and underpinned by innovative tokenomics and fundraising strategies, it's crafted to attract institutional debt while delivering CEX-grade usability—yet all with the benefits of decentralization. Also want to know what this could mean for @HeyAnonai. $FT + $S I can’t wait