Infinex Targets $15 Million via INX Token Sale
Infinex, founded by DeFi pioneer Kain Warwick, aims to raise $15 million through the sale of its INX tokens. Announced on November 27, the sale will release 5% of the total 10 billion token supply via the Sonar platform. Patron NFT holders receive tiered allocations, consuming noticeable interest as non-holders participate through a lottery system with capped entry limits.
The sale is designed to strengthen token valuations with funds allocated towards token buybacks and a vault, securing 25% of company tokens for incentives. This ambitious project aims to formalize tokens by early 2026, integrating key blockchain functionalities into a Web3 gateway.
Industry remarks highlight community engagement, reflected in dynamic incentive programs like the Craterun campaign, promoting active pre-registration while showcasing ongoing increased blockchain activities. Infinex's strategy, lacking resistance from regulators, positions its launch within existing governance frameworks.
We are excited to take the next step in our journey with the INX token launch, aiming to redefine governance and utility in the DeFi space.
Historical Insights and Market Performance
Kain Warwick's DeFi initiatives have previously transitioned similar NFT models to token economies, paralleling Uniswap's transformation.
According to CoinMarketCap data, the INMAX token was last recorded at a price of $0.00, holding a fully diluted market cap of $172,005.84. Recent growth of 60-day and 90-day price changes is noted at 172.53% and 156.53% respectively, reflecting positive investor sentiment.
Insights reveal Infinex's INX launch as an appealing investment venture, leveraging historical DeFi transformations. Warwick's initiative aligns with current technological trends, highlighting its potential competitive advantage and expected increased liquidity transfers across the blockchain ecosystem, as analyzed by Coincu experts.