I am currently observing what happened in Infinex's SONAR token sale - the valuation was reduced from $300 million to $99.99 million. That is approximately a 67% cut. Now they are giving two options - either buy immediately at $0.03 or lock in for a year at $0.0099.



Patron NFT holders are quite upset - the NFT floor price dropped 10% within 24 hours. This is a direct blow. Infinex claims to be a bridge between DeFi and CeFi, but this move suggests that something went wrong with the plan. The sale was supposed to start on January 3, with 5% of the token supply allocated. What will happen now, we will see.
INX-2.27%
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