Infinex cuts INX sale to $5M and FDV to $99.99M after market feedback

Infinex reduced its INX token sale to $5 million and lowered the fully diluted valuation to $99.99 million on Dec. 25, BlockBeats reports. The sale will offer 5% of the token supply, down from an initial $15 million raise at a $300 million FDV that included a one-year lock; user registration opens Dec. 27 and the sale starts Jan. 3 on Echo's Sonar, with an additional 2% allocated to Uniswap CCA. Founder Kain Warwick said on social media the adjustment reflects market sentiment and aims to keep pricing attractive and aligned with participants.