What is $FT? Its the native token of @flyingtulip_, integrated across the entire product suite, with the token model designed to convert all value generated by the platform into direct demand for the token. 1) Capital from invalidated PUT Options is used for buybacks at NAV, and burns. So far, over 12,185,612.71 $FT has so far been bought from the market and burned, at a market price of about $1.4m. 2) All revenue and fees generated across Flying Tulip products are used for buybacks at spot price from the secondary market. As Flying Tulip products become fully deployed and integrated, secondary-market FT pricing should increasingly reflect the protocol’s underlying cashflows, buyback demand, and supply reduction mechanisms. In addition, once protocol revenue is sufficient to sustain team operations and reaches $3,500 per day, Flying Tulip plans to burn all unallocated and divested supply. This currently represents more than 93% of total supply, or 9,333,329,982 FT.