Infinex: Public offering removes $2,500 cap, retains sponsor priority.

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According to ChainCatcher, Infinex posted on its X platform that there were problems with the sales mechanism and announced major adjustments.

1. Remove the cap. The $2,500 cap is no longer in place; users can decide how much to invest.

2. The allocation will be changed from random to a "maximum-minimum fair allocation," also known as "watered-down allocation." Each person's allocation will increase equally until the cap is reached or the allocation is sold out. Any investment exceeding the cap will be refunded.

3. Retain sponsor priority. Sponsors retain priority in allocation until the promotion ends, when the actual total demand data (rather than guesswork) is obtained, and the final allocation method is determined.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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