Half Mountain Preview Token Unlock Project | Issue 14 Yesterday, the crypto market saw a rebound, with BTC rising to 114,790 and ETH to 4,246, but the overall sentiment suggests that the rebound's strength is limited, and newly listed tokens on Binance generally fell. At the same time, Andre Cronje's new project, Flying Tulip, officially debuted, with a fundraising target of up to $1 billion, raising concerns about "sky-high financing and project team cashing out." However, its mechanism design is entirely different from traditional token fundraising: funds will be deposited into a project treasury, rather than being directly controlled by the team, and will form a stable cash flow through the allocation of low-risk U.S. Treasury bonds and on-chain yield agreements (like Ethena) to support long-term operations. Investors' principal is protected by a "perpetual put option." If the token price falls below the issuance price, or if investors lose confidence in the outlook, they can...
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