Infinex Founder Explains INX Token Sale Adjustment: From $300 Million FDV Down to $99.99 Million, What Is the Logic Behind It?

【Blockchain Rhythm】Infinex founder Kain Warwick recently explained in detail on social media why he decided to lower the valuation and fundraising target for the INX token sale.

He admitted that the appeal of ICOs is crucial. "If the price is set too high, or the terms are not aligned with the actual interests of participants, it can easily trigger negative sentiment. Honestly, the current market has already been flooded with various negative emotions."

The original intention of the Sonar round sale was simple—providing everyone with an additional window to purchase INX before the TGE. The initially set fully diluted valuation (FDV) was $300 million, with a one-year lock-up period. But community feedback was very clear: in the current market environment, that price is too outrageous. The market situation has indeed not improved. After hearing the feedback, they quickly made adjustments, reducing the FDV to $99.99 million.

Regarding the one-year lock-up period, Kain revealed the real purpose: "It’s to filter out those who only want to quickly sell for arbitrage at TGE."

According to the latest official data, this Sonar sale will release 5% of the token supply, with the fundraising target significantly reduced from $15 million to $5 million. User registration will open on December 27, and the token sale will officially start on January 3. Additionally, the official plans to sell an extra 2% of tokens to Uniswap CCA.

This series of adjustments reflects the project team’s attention to market sentiment and also shows that projects genuinely listening to community feedback during this cycle can gain more understanding.