$FT Token Rights

Updated May 16, 2026

Overview

Token(s): FT
Token Type: Utility

FT is the native token of Flying Tulip. The product suite generates revenue and fees; those dollars are used to buyback and burn FT on the open market.

Governance Rights

Control

No standard voting or proposal system has been described. The Perpetual PUT redemption rights are onchain & programmatic, no vote is required.

Governance Decisions

The FT token contract has a pause mechanism that can be controlled by a Configurator, who can toggle the pause state and transfer the Configurator role.

Treasury Decisions

N/A

Revenue Decisions

N/A

Fee Switch

A portion of protocol revenue/fees is used to buy FT on the market and distribute those tokens to users as defined by product‑level programs (separate from burns). Exact shares and schedules are shown in each product’s UI and on the Token page. Revenue‑funded burns still govern Foundation/Team/Incentives unlocks (40:40:20).

Resources

Multisig Addresseshttps://docs.flyingtulip.com/risks/multisigs/#members

Primary Value Accrual

Buybacks

Value accrues to FT holders through the buyback and burn process.

Equity Statement

Flying Tulip uses a token-first model that returns yield and fees to FT, which exists to connect activity to cashflows, preserve and compound capital, and offer clear, onchain rights during the public sale.

Economic Rights

Value Capture

FT's primary onchain right is the Perpetual PUT: the onchain right attached to primary-issued FT that lets a holder: Hold (keep the FT NFT attached), Exit (Exit at par; return collateral), or Withdraw (unlock FT; invalidate the PUT; released backing capital can fund market buyback-and-burn of FT). Protocol revenue and fees from Flying Tulip's product suite are routed to market buybacks & burns.

Buybacks

Buybacks can be funded by backing capital yield surplus, protocol revenue/fees, or released backing capital from withdrawals. When FT is unlocked / withdrawn by holders, the backing capital is released and used to purchase FT on the open market and sent to an irrecoverable address, permanently reducing supply.

Dividends

N/A

No dividend or revenue distribution is currently active

Burns

Active

No burn mechanism is currently active

Ownership

Raise History

3 rounds · $431.5m total

Date	Amount	Round	Valuation
Feb 23, 2026	$206m	Public token sale	—
Jan 29, 2026	$25.5m	Series A	$1b
Sep 29, 2025	$200m	Seed	—

Fundraising: Token Sale
Equity Revenue Capture: No
Associated Entities: FoundationTeam