Infinex Founder: Valuation of INX Token Sonar Sale Reduced to $99.99 Million

2025-12-25 11:49:52

Deep Tide TechFlow News, December 25th, Infinex founder Kain Warwick @kaiynne announced that the fully diluted valuation (FDV) of the INX token Sonar sale has been significantly reduced from the originally planned $300 million to $99.99 million in response to market feedback that the initial pricing was too high. The sale will open registration on December 27th and officially launch on January 3rd, with a target fundraising of $5 million, accounting for 5% of the total supply. The tokens will have a one-year lock-up period but retain an early unlock mechanism, with the unlock price gradually decreasing from $300 million to $100 million over time. Due to the lowered valuation, the sale is expected to be heavily oversubscribed, so allocation for Patron NFT holders cannot be guaranteed. The entire sale will use an RNG mechanism, with a minimum investment of $200 and a maximum of $2,500.

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