Infinex Ends Public Sale, Raises $7.214M USDC (U.S. dollar stablecoin), Sets TGE (token generation event) for January 30

According to Infinex’s official statement, the public sale raised over $7.2 million USDC from 868 participants, with sybil-address funds removed and refunds processed ahead of January 30’s token generation event.

USDC

Summary

Infinex officially announced the conclusion of its public sale, raising 7.214 million USDC from 868 participants. Approximately $5 million was allocated for 5% of the INX token supply, while $2.21 million was refunded to participants. Additionally, $1.2 million linked to sybil addresses was removed from the final allocation. All refunds have been issued, and the token generation event for INX is set for January 30.

Terms & Concepts
  • TGE: The scheduled creation and initial distribution of a new token.
  • USDC: A U.S. dollar-pegged stablecoin issued by Circle.
  • INX: The token symbol for Infinex; 5% of supply was allocated in the sale.