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INX token valuation slashed in half to $100 million, Infinex founder responds to market pressure
Infinex founder Kain Warwick recently announced significant adjustments to the INX fundraising plan. The fully diluted valuation (FDV) of Sonar sales( has been lowered from the initially planned $300 million to $99.99 million, directly reflecting the project’s revised market price expectations.
This decision stems from external doubts about the initial valuation. By reducing the valuation, Infinex aims to balance fundraising efficiency with market acceptance. According to the plan, this round of fundraising targets $5 million, accounting for 5% of the total INX supply. The fundraising window will officially open for registration on December 27, with subscription starting on January 3.
Innovative Design of Token Release Mechanism
Although INX will commit to a one-year lock-up period, the project introduces a gradual unlocking mechanism to increase flexibility. This unlocking system will progressively reference an initial price of $300 million down to $100 million, providing differentiated cost bases for investors at various stages.
Sales Method and Investor Protection
Given that the significant reduction in valuation is expected to trigger oversubscription, Infinex has decided to adopt an RNG random allocation mechanism instead of the traditional first-come, first-served model, ensuring fairness in the sales process. Notably, early supporters holding Patron NFTs will not be guaranteed reserved quotas.
The single investment range is set between $200 and $2,500, balancing the entry barriers for small investors with risk control needs.