**[Pine Analytics Releases Analysis of Flying Tulip Fundraising and Mechanism]** Pine Analytics has released an analysis of the fundraising and mechanism for the smart trading protocol Flying Tulip. According to the report, Flying Tulip aims to raise $1 billion, with each dollar corresponding to 10 FT tokens (initial price of $0.10 per token). If the fundraising target is not met, tokens will be issued proportionally. Accepted fundraising assets include USDC, USDT, USDS, USDe, ETH, SOL, AVAX, and S. Original subscribers will receive transferable NFTs containing FT tokens, along with a redeemable PUT option: FT tokens kept within the NFT can be redeemed for an equivalent amount of the invested assets, while withdrawing the tokens forfeits the PUT option. The expected annualized return on fundraising assets is approximately $44.27 million, which will be prioritized for repurchasing and burning FT tokens, as well as covering around $500,000 in operational expenses (OpEx). Neither the team nor the foundation will receive pre-allocated tokens; instead, they will obtain FT tokens from protocol revenue buybacks in a 40:20:20:20 ratio. **Related Reading:** AC’s New Project Flying Tulip: Using DeFi Treasury Yields to “Grow” a Trading Giant