Derived from Chainthink, Infinex founder Kain Warwick responded to the adjustment of the INX token sale and FDV, stating that the initial pricing was too high for the current market environment. The Sonar round, intended to provide a pre-TGE purchase opportunity, originally aimed for a $300 million FDV with a 1-year lockup. However, due to community feedback and market conditions, the FDV has been reduced to $9,999,000, and the token sale will offer 5% of the supply, raising $5 million instead of the original $15 million. The registration opens on December 27, and the sale begins on January 3. An additional 2% of tokens will be sold to Uniswap CCA.
Infinex Founder Adjusts INX Token Sale and FDV Amid Market Feedback
ChainthinkShare
Summary
Infinex founder Kain Warwick adjusted the INX token sale and FDV after market feedback showed the initial pricing was too high. The Sonar round, meant to offer a pre-TGE buy-in, originally targeted a $300 million FDV with a 1-year lockup. Now, the FDV is $9,999,000, with 5% of the supply offered to raise $5 million instead of $15 million. Registration starts Dec 27, sale on Jan 3. An extra 2% will go to Uniswap CCA. With the fear and greed index signaling caution, INX remains one of the altcoins to watch ahead of the token generation event.
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