Infinex Cross-Chain DeFi Platform Token Sale Nears End, Raising $3.18 Million

Infinex Cross-Chain DeFi Platform Token Sale Nears End, Raising $3.18 Million

Infinex’s token sale, set to close in 23 hours, has raised approximately $3.18 million, reaching 63.6% of its $5 million target as of January 9.

Fact Check
The assessment is based on a single, highly relevant primary source. This source, a news article from ainvest.com, directly confirms a key financial detail from the statement: the target Fully Diluted Valuation (FDV) of $99.99 million. The source also mentions details about the percentage of token supply being sold. This is crucial because a fundraising target of $5 million is mathematically consistent with selling approximately 5% of the total token supply at a $99.99 million FDV. While the source summary does not explicitly state the $5 million figure or use the word "revised," its reporting on the specifics of the token sale rules and the exact FDV provides strong, direct support for the core claims of the statement. The remaining sources are irrelevant, offering no information about the Infinex token sale and therefore neither support nor contradict the claim. The lack of conflicting evidence, combined with the strong support from one credible and highly relevant source, makes the statement very likely to be true.
Summary

Infinex's cross-chain DeFi platform token sale is nearing its end with 23 hours left, having raised $3.18 million, or 63.6% of its $5 million target. The sale has gained significant momentum, approaching its goal with just a short time left for contributions.

Terms & Concepts
  • Cross-Chain DeFi: A decentralized finance platform that enables interaction between different blockchains, allowing for a broader range of financial services across networks.
  • Token Sale: A method of raising capital for a cryptocurrency project by selling a portion of the project's tokens to investors, typically before the official launch.