Infinex founder: INX token Sonar sale valuation lowered to $99.99 million

According to TechFlow, on December 25, Infinex founder Kain Warwick @kaiynne announced that the fully diluted valuation (FDV) of the INX token Sonar sale would be significantly reduced from the originally planned $300 million to $99.99 million, in response to market feedback regarding the initial pricing being too high. Registration for the sale will open on December 27, and the official launch will take place on January 3, with a fundraising target of $5 million, accounting for 5% of the total supply. The tokens will have a one-year lock-up period, but an early unlock mechanism is retained, with the unlock price gradually decreasing from $300 million to $100 million over time. Due to the lower 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.