Flying Tulip (FT)

Tokenomics & Utility

Supply, redemptions, and buybacks

FT began with 10 billion tokens minted at deployment. Flying Tulip allocated tokens to primary contributors at a rate of 10 FT for each dollar contributed. The project’s token documentation states that there is no additional minting and that burns permanently reduce supply. Tokens left unallocated from the initial supply are also subject to burning. The team received no free initial token allocation. (docs.flyingtulip.com)

A primary allocation places FT inside a position represented by an NFT called ftPUT. That position records the contributed asset and the FT tied to it. Its holder can keep the position open, use its redemption right to recover the original asset and amount, or withdraw the FT for ordinary use or transfer. Withdrawing FT ends the redemption right for the withdrawn portion. A person who buys ordinary FT on the open market receives the token without that attached right, although ftPUT positions can be traded through Flying Tulip’s marketplace. (docs.flyingtulip.com)

Several flows can lead to FT purchases. Income from assets backing active ftPUT positions first supports project operations; surplus income can fund buybacks and burns. When a primary holder withdraws FT, the assets previously reserved for that position can also fund buybacks and burns. Product fees support other FT purchases, including distributions under product programs. Revenue-funded team, foundation, and incentive allocations follow a 40:40:20 split. These rules make the source of each buyback important: purchases do not all have the same destination. (docs.flyingtulip.com)