TechFlow news, on December 25, Infinex founder Kain Warwick @kaiynne announced a significant reduction of the fully diluted valuation (FDV) for the INX token Sonar sale from the originally planned $300 million down to $99.99 million, responding to market feedback about initial pricing being too high. Registration for this sale will open on December 27, with the sale officially starting on January 3, targeting a fundraising goal of $5 million, representing 5% of the total supply. Tokens will have a one-year lock-up period, but an early unlocking mechanism is retained, with unlock prices gradually decreasing over time from $300 million to $100 million. Due to the reduced valuation, the sale is expected to be heavily oversubscribed; therefore, 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.
Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / support@techflowpost.com ICP License: 琼ICP备2022009338号
