Infinex Reduces INX Token Sale to $5 Million Amid Market Adjustments

3 mins mins

Key Points:

Infinex reduces INX token sale from $15M to $5M.
FDV cut to $99.99M due to market feedback.
Registration opens December 27, sale starts January 3.

Infinex, led by founder Kain Warwick, announced a drastic reduction in its INX token sale valuation and fundraising targets due to adverse market conditions, set to start January 3 through the Sonar sale.

The valuation cut reflects market sentiment and aims to prevent token floods post-Token Generation Event, signaling caution in a volatile cryptocurrency market landscape.

Community Feedback Drives Valuation Shift and Sale Strategy

Infinex founder Kain Warwick addressed the reduction of the INX token sale amount and FDV on social media, stating that the pricing initially set was too high given the current market environment. The project aimed to offer participants better opportunities before the Token Generation Event (TGE). Warwick elaborated that market feedback prompted these changes, reducing fundraising from $15 million to $5 million and the FDV from $3 billion to $99.99 million.

Changes in pricing strategy include a one-year lock-up period, intended to discourage immediate selling of tokens for profit. The update aligns with Infinex’s commitment to address participant interests by considering feedback. Official sales to Uniswap CCA will include an additional 2% of the token supply, expected to diversify the token holder base.

“Warwick’s leadership demonstrates a strategic response to market realities, potentially setting a precedent for future DeFi projects seeking dynamic market-positioning strategies.”

Market reactions have been mixed, with concerns expressed over valuation cuts and sale conditions. Warwick’s acknowledgment of a market filled with “bad vibes” suggests an effort to rebuild trust by setting more attainable targets. The move is seen as a tactical response to current DeFi market pressures, while Infinex remains optimistic about launching future projects.

Market Data and Future Insights

Did you know? The revised $99.99 million FDV for INX aligns with historic trends of DeFi projects adjusting valuations during volatile markets, reminiscent of 2025 token launches.

INX, known for its governance and utility functions, remains at a price of $0.00 with a market cap of $0, reflecting a circulation supply yet to commence. Recent periods saw notable price shifts, with a 60-day surge of 172.53%, according to CoinMarketCap data, highlighting potential for fluctuations amid evolving market conditions.

inmax-daily-chart-3 — INMAX(INX), daily chart, screenshot on CoinMarketCap at 14:17 UTC on March 24, 2021. *Source: CoinMarketCap*

Coincu’s research suggests innovative market adaptations are crucial for DeFi tokens to remain viable. Infinex’s strategic reduction caters to current investor sentiments, aligning with macroeconomic trends that favor fiscal prudence.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.