Infinex Revises INX Token Sale Rules, Aims for $5M with FDV of $99.99M
Infinex updates its public sale policy by removing purchase caps for fairer allocation, with $1.55M raised toward its $5M target as of the latest report.
Fact Check
The evidence strongly and consistently supports all components of the statement. The Fully Diluted Valuation (FDV) of $99.99 million is confirmed by all five sources, including the official Infinex sale page, which serves as the primary source of truth for the sale's details. The fundraising target of $5 million is also directly corroborated by the primary source, which states that 5% of the total token supply is being sold at the aforementioned $99.99 million FDV (5% of ~$100M is $5M). The claim that these rules were "revised" is explicitly supported by multiple secondary news sources. One article reports that Infinex "slashed its FDV," while two others characterize the move as a "pivot" or "major pivot." These descriptions clearly indicate a change from a previous plan. There are no contradictions across the provided sources, leading to a high degree of confidence in the statement's truthfulness.
Summary
In an official announcement on January 5, Infinex revised its INX token public sale rules, eliminating the purchase cap in the bottom-up allocation system while retaining Patron priority. The fully diluted valuation (FDV) remains at $99.99 million, and the sale target is $5 million. Funds raised have reached $1,555,968 — roughly 30% of the goal — signaling progress following the policy change.
Terms & Concepts
- FDV: Fully Diluted Valuation (FDV) is the total market capitalization of a cryptocurrency or token project, calculated as the price of each token multiplied by the maximum possible supply of tokens.
- Fair allocation: A distribution method intended to ensure equitable token allocation among participants, often by balancing demand and removing fixed contribution limits.