Odaily Odaily reports that Infinex officially announced on X: "We botched this public offering. We tried to balance existing Patron holders with new participants and achieve a fair distribution, but the result was a public offering that almost no one wanted to participate in. Retail investors hate lock-up periods, large investors hate caps, and everyone hates complicated rules. The community has been reminding us that you are right, and we apologize for how we handled this. Therefore, we will be adjusting this public offering in the following ways."
The specific adjustments include:
1. Removed cap: There is no longer a maximum limit of $2,500; users can invest any amount they want.
2. Change to a bottom-up allocation mechanism: We will cancel random allocation and replace it with a water filling mechanism, that is, everyone's allocation will increase simultaneously and evenly until each person's allocation is filled or the total supply is exhausted, and any excess will be refunded.
3. Patron priority remains: Patron still has priority in allocation, but we will wait until after the sale is over to finalize the specific rules—once we have real demand data, instead of continuing to guess.
4. The lock-up mechanism will not be cancelled: We still believe that lock-up can bring long-term alignment of interests to those who truly believe in the product.
