According to Foresight News , Infinex founder Kain Warwick responded to the adjustments made to the INX token Sonar sale terms. Warwick stated that because the initial valuation of $300 million was considered too high in the current market environment and could easily trigger negative sentiment, the FDV of the Sonar sale has been lowered from $300 million to $99.99 million, and the fundraising target has been reduced from $15 million to $5 million. Registration for the sale will open on December 27th, and the sale will officially begin on January 3rd. The token supply will account for 5% of the total supply, with a one-year lock-up period.
The new plan retains the paid early unlocking mechanism, with the price decreasing over time from $300 million FDV to $100 million FDV. Due to the reduced allocation resulting from the valuation downgrade, Patron holders will no longer have guaranteed allocations, and the sale will be conducted using an RNG random method. The subscription limit per person remains between $200 and $2,500. In addition, after the Sonar sale concludes, another 2% of the tokens will be sold on Uniswap CCA at $100 million FDV.
