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Infinex's Cross-Chain DeFi Platform Public Sale Ends in 23 Hours, $3.18 Million Raised

Infinex's Cross-Chain DeFi Platform Public Sale Ends in 23 Hours, $3.18 Million Raised

Infinex's public sale for its INX token has raised $3.18 million, achieving 63.6% of its $5 million goal as the sale nears its conclusion.

Fact Check
The statement is strongly supported by multiple, consistent, and authoritative sources. The two most credible sources provided, a post from the on-chain analytics platform Lookonchain and a news article from the cryptocurrency exchange Phemex, both explicitly state that Infinex reduced its token sale fundraising target from $15 million to $5 million. This directly corroborates every detail of the claim. A third source, an AInvest article, further reinforces this by analyzing the 'strategic downround' and the lowering of fundraising goals, confirming the core event. The other two sources are irrelevant and provide no contradictory information. The complete alignment of evidence across all relevant and credible sources makes the statement highly likely to be true.
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Summary

Infinex’s cross-chain DeFi platform public sale, set to close in 23 hours, has raised $3.18 million, reaching 63.6% of its $5 million target. The sale has gained momentum since revisions to its token sale rules, including the removal of the per-user cap. The platform aims for a fully diluted valuation of $99.99 million.

Terms & Concepts
  • Fully Diluted Valuation (FDV): The market value of a cryptocurrency assuming all tokens are in circulation.
  • DeFi: Decentralized Finance, a set of financial services built on blockchain technology, enabling peer-to-peer transactions without intermediaries.