As per AiCoin, Andre Cronje's new crypto project Flying Tulip has raised $200 million in a private seed round at a $10 billion valuation, with participation from Brevan Howard Digital, CoinFund, DWF Labs, and others. The funds will be used to build a comprehensive on-chain exchange covering spot trading, derivatives, lending, stablecoins, and insurance. The project also plans a public token sale of up to $800 million at the same valuation. Flying Tulip aims to use fundraising as a 'cash cow' by earning yield on raised capital to fund operations and buy back tokens, rather than directly spending the principal.
Andre Cronje's Flying Tulip Secures $200M Seed Round at $10B Valuation
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