Infinex Token Sale New Rules: Two Options - $0.0099 Locked for One Year or $0.03 Unlocked Immediately
Infinex, a DeFi platform founded by Synthetix's Kain Warwick, has revised its token sale terms for its INX token. The fully diluted valuation (FDV) has been reduced from $300 million to $99.99 million following community feedback, though the one-year lockup period remains unchanged.
The sale, scheduled for January 3-6, 2026, will offer 5% of the total token supply. Participants are given two pricing options: purchase tokens at $0.0099 each with a mandatory one-year lock, or opt for immediate unlocking at TGE (end of January 2026) at a higher valuation of $300 million FDV, equating to $0.03 per token. The latter option features a linear valuation decrease over the year, settling at the $99.99 million FDV.
The changes have sparked significant community backlash, particularly from Patron NFT holders. They argue the new immediate unlock option at a lower FDV devalues their earlier investments, which were made under the expectation that early liquidity required a much higher valuation threshold. The Patron NFT floor price fell nearly 10% following the announcement.
Despite the FDV reduction, the core complaint about the lengthy one-year lockup persists, with many in the community viewing it as a major disadvantage in the current market.
Odaily星球日报12/26 02:34
