The Elevator Pitch Andre Cronje’s latest laboratory is building a full-stack crypto exchange (spot, perps, options, lending, structured yield) without ever touching VC runway. Instead, the team is raising $1 bn by selling a single token – FT – that doubles as a perpetual American put option struck at the original sale price. Proceeds go into low-risk DeFi strategies (≈ 4 %). The coupons pay salaries, server bills and token buy-backs until trading-fee cash flow takes over. If price

The Elevator Pitch Andre Cronje’s latest laboratory is building a full-stack crypto exchange (spot, perps, options, lending, structured yield) without ever touching VC runway. Instead, the team is raising $1 bn by selling a single token – FT – that doubles as a perpetual American put option struck at the original sale price. Proceeds go into low-risk DeFi strategies (≈ 4 %). The coupons pay salaries, server bills and token buy-backs until trading-fee cash flow takes over. If price