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

Question

【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.

LiquidationSurvivor · Accepted Answer

I think Kain's recent actions show some sincerity, cutting from 300 million to 99.99 million, finally listening to the community's feedback.

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A valuation of 300 million dollars, no wonder there's criticism. It's obviously trying to scalp some profits.

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Basically, the pricing was too outrageous. Admitting it now is quite honest, but why didn't they think this way earlier?

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Locking in for a year at this kind of price is really impressive. The current adjustment isn't enough; we need to see how they handle things afterward.

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Listening to the community's voice is a good point. It's definitely better than those projects that just hype themselves up.

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Cutting from 300 million to 99.99 million, that "99.99 million" figure is interesting. Do they just not want to break a billion? Haha.

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Wow, if it weren't for the community collectively complaining, they might have continued to cut.

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Kain has shown a decent attitude in admitting mistakes, but is this price really reasonable? We still need to see the market response.

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Saying the market is overwhelmed by negative sentiment is just an excuse for the project team being greedy.

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At least they're willing to make changes, which is better than stubbornly resisting. However, this wave has still caused a significant drop in trust.

CounterIndicator · Answer

300 million cut down to 99.99 million, hey, this time it really listens to the voice.

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With such a heavy market negative sentiment, daring to set an FDV of 300 million is a bit outrageous.

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That's why I say some project teams just don't understand users. It's probably too late to change now.

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Based on feedback, just bargaining feels a bit sincere. But whether INX can rise later is the real key.

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99.99 million FDV, this number is quite particular, but I'm more concerned about how the lock-up period is adjusted.

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It's nice to say it's listening to community voices, but frankly, it's just a reaction to poor market response.

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From 300 million down to less than 100 million, the adjustment is quite drastic.

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Anyway, I don't plan to participate; there are too many pitfalls.

SolidityNewbie · Answer

Ha, cut from 300 million to 100 million. This time, they really listened to the community. Much better than those project teams that insist on going against the flow.

CounterIndicator · Answer

300 million cut down to 99.99 million, this move is really obedient, the community says what to change and it changes accordingly.

wagmi_eventually · Answer

Haha, finally a founder willing to listen to the community. That's more like it.

Cut directly from 300 million to 99.99 million. Sounds pretty sincere, right? But what about the lock-up period? Is it still 1 year?

GateUser-e51e87c7 · Answer

Oh no, cut from 300 million to 99.99 million. Thank goodness the community made a fuss.

That's more like it. Listening to users' voices is not shameful.

The market is so bad, yet they still want a high valuation. Now I see the light; there's hope.

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

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