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Infinex to Distribute 10 Billion INX Tokens via Patron NFTs in Upcoming TGE

Infinex to Distribute 10 Billion INX Tokens via Patron NFTs in Upcoming TGE

Infinex’s Patron NFT floor price surged over 15% ahead of its INX token launch, with all supply designated for NFT holders in the upcoming TGE.

ETH

Fact Check
The evidence strongly supports the truthfulness of the statement. The most authoritative primary source, a blog post by Infinex founder Kain Warwick, is described as directly outlining the project's token distribution strategy for INX. This is corroborated by two other primary sources, podcast interviews with the founder, which specifically discuss the Infinex token, TGE, and NFTs.Furthermore, a highly relevant news article from Bitget, a major cryptocurrency exchange, explicitly states that the total supply of 10 billion INX tokens will be allocated to 'Patrons'. This directly confirms the three core components of the claim: the 10 billion token supply, the INX ticker, and the 'Patron' distribution mechanism. Additional sources confirm the existence of 'Infinex Patrons'. There are no contradictions in the provided relevant sources. The combination of direct statements from the founder (the highest authority) and corroborating reports from reputable industry news outlets provides a consistent and compelling case for the statement's accuracy.
Summary

Infinex reported a 15.39% increase in the floor price of its Patron NFTs over 24 hours, reaching 1.65 ETH (approximately $5,800). The company confirmed that 100% of the INX token supply will be allocated to Patron NFT holders during its upcoming Token Generation Event (TGE). The event will also feature distribution via a 1:100,000 airdrop ratio, public sales through Sonar, and Craterun rewards, with multi-chain integration across Monad, MegaEth, and Fogo networks.

Terms & Concepts
  • TGE (Token Generation Event): The launch process during which a cryptocurrency's tokens are created and distributed to investors or users.
  • NFT (Non-Fungible Token): A unique blockchain-based asset representing digital ownership of items such as art, collectibles, or in this case, Patron NFTs.
  • Multi-chain integration: Connecting a project to multiple blockchain networks to enable cross-chain functionality and wider accessibility.