Infinex has changed its fundraising method again. Initially, it aimed for 5 million dollars over three days with a limit of 2,500 dollars per wallet, but after only raising 600k dollars, criticism flooded in. It was said that certain wallets had an advantage.

Now, they have completely removed the limit and switched to a 'max-min fair distribution' model. In simple terms, all allocations increase equally until supply runs out, and any excess will be refunded. The team acknowledged in a statement, "We misjudged the sales approach." Small investors dislike caps, and large investors dislike lock-ups, so it was difficult to satisfy everyone overall.

But thinking about it, it's interesting that despite raising 67 million dollars last year, the current public sale is only at this level. The team also admitted they failed to properly explain the advantages of their product. They still maintain a one-year lock-up, indicating that long-term user alignment is considered important. It'll be interesting to see how investors respond to this structure.