Infinex has successfully concluded its public sale of the INX token, amassing over $7.2 million in the process. The token is set to make its debut during a Token Generation Event (TGE) scheduled for January 30, marking a significant step for the platform aimed at enhancing the Web3 trading ecosystem.
The public sale attracted 868 participants, collectively contributing a total of $7,214,204.80 USDC. Of this amount, approximately $5 million worth of INX was allocated, which constitutes 5% of the overall token supply. Additionally, around $2.21 million has been refunded to participants. The allocation employed a max-min fair distribution methodology, ensuring that orders were fulfilled proportionally until the available supply was exhausted. Following the elimination of duplicate or sybil accounts, the maximum individual allocation reached $245,065.34, with only four participants receiving less than their requested amount.
All INX tokens acquired during the sale will be subject to a one-year lockup. However, participants have the option to unlock their tokens early. At the TGE, the early unlock price will be established at a fully diluted valuation (FDV) of $300 million, translating to approximately $0.03 per token. This price will gradually decrease over the year to the original sale price of $99.99 million FDV, or $0.0099 per token. Those opting for early unlocking will be required to pay the difference between their initial purchase price and the current early unlock price.
The INX token is designed to be the backbone of the Infinex ecosystem, facilitating governance, user incentives, and various platform functionalities. The TGE will mint a fixed supply of 10 billion tokens, which will be distributed based on the platform”s comprehensive tokenomics strategy. Notably, 43.3% of the total supply is allocated for the Patron sale, 20% for the team, 16.6% for the treasury, 10% for Craterun and vouchers, 5.1% for previous incentives, and 5% for the public sale.
Infinex positions itself as a cross-chain, self-custodial trading platform, aiming to simplify on-chain trading with the ease typically associated with centralized exchanges. The platform replaces traditional seed phrase management and manual network switching with a passkey-based login system, offering users seamless access to decentralized finance (DeFi) through an interface reminiscent of Web2 sign-in processes. By integrating multiple blockchain ecosystems—including Solana, Ethereum, Arbitrum, Optimism, Polygon, and emerging chains like Monad and MegaEth—Infinex strives to provide a cohesive trading experience.
Addressing a major barrier to entry in the crypto space, Infinex seeks to mitigate the steep learning curve that often deters new users. The platform aggregates liquidity from various sources, such as spot DEXs and perpetual protocols like Hyperliquid, enabling a unified interface for swaps, bridging, yield generation, and derivatives trading. This design merges advanced on-chain functionality with a streamlined, centralized exchange-like experience, allowing users to maintain full control over their funds while harnessing next-generation Web3 trading capabilities.
