ChainThink message, December 25: Kain Warwick, founder of Infinex, responded on social platforms regarding the "reduction in INX token sale amount and FDV," stating, "An ICO should inherently be compelling. If the price appears overvalued or the terms misaligned with participant incentives, it easily breeds negative sentiment. And currently, the market is already saturated with 'bad sentiment.'

The purpose of our current Sonar round sale is to offer participants an opportunity to purchase INX tokens prior to TGE (Token Generation Event). When initially announcing the Sonar sale structure, we set a fully diluted valuation (FDV) of $300 million with a one-year lock-up period. However, market feedback indicated that this pricing was perceived as high given current conditions, and the reality has not improved. We have listened to the community. Consequently, we have decided to reduce the FDV to $9.999 million. The one-year lock-up was implemented to filter out short-term speculators aiming only to flip their holdings at TGE.

Previously reported, Infinex updated its token sale details on Echo's Sonar platform. This round will allocate 5% of the total token supply, with funding raised decreasing from $15 million to $5 million, and FDV dropping from $300 million to $9.999 million. User registration will open on December 27, and the sale will commence on January 3. Additionally, the team will offload an extra 2% of tokens to Uniswap CCA.