TechFlow, November 27 — According to The Block, Infinex has announced the launch of its Sonar token sale, aiming to distribute 5% of the token supply ahead of the INX token generation event (TGE) in January 2026. The fundraising target is $15 million, with a fully diluted valuation of $300 million.
The sale builds on the success of last year’s Patron NFT sale, which raised $67.7 million, and aims to broaden the token holder base. The sale will proceed through two tracks: Patron NFT holders will receive allocations of up to $500,000 based on their holdings, while non-holders can participate via a lottery mechanism, capped at $5,000 per person.
Kain Warwick, founder of Infinex, said the platform integrates wallet infrastructure, trading capabilities, and multi-chain connectivity, offering non-custodial wallet services across more than 20 networks. The platform will conduct token buybacks funded by revenue from multiple products, with all financial activities made transparent through HyperTracker.
