As per Odaily, Infinex founder Kain Warwick announced a revised valuation of $99.99 million for its Sonar token sale, down from the initial $300 million. The new rules offer two unlock options: $0.03 per token with immediate unlock at TGE or $0.0099 per token with a one-year lock. The change has sparked backlash, particularly among Patron NFT holders, as the floor price of the NFTs dropped nearly 10% in 24 hours. Infinex, a full-stack DeFi platform, aims to bridge the gap between CeFi and DeFi by offering a user-friendly interface. The token sale is set to begin on January 3, 2026, with a total allocation of 5% of the token supply.
Infinex Adjusts Token Sale Valuation to $99.99M, Introduces Two Unlock Options
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Summary
Infinex revised its token valuation to $99.99 million for the Sonar token launch, down from $300 million. Founder Kain Warwick introduced two unlock options: $0.03 per token with immediate unlock at TGE or $0.0099 with a one-year lock. The change caused a nearly 10% drop in Patron NFT floor price in 24 hours. The token launch is set for January 3, 2026, with 5% of the token supply allocated. Infinex, a full-stack DeFi platform, aims to connect CeFi and DeFi with a user-friendly interface.
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