Infinex: Public offering canceled, $2,500 limit, sponsor priority still maintained

Foresight News reports that the cross-chain aggregated DeFi platform Infinex announced a major adjustment, acknowledging issues with its sales mechanism. First, the $2,500 investment cap per user will be removed, allowing users to decide their own investment amounts. Second, the distribution method will change from random allocation to “Maximum - Minimum Fair Distribution,” ensuring equal distribution among all participants until supplies are exhausted, with any excess contributions refunded. Meanwhile, Patrons will still have priority access to the distribution, with specific priority details to be confirmed after the sale ends.

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.
Comment
0/400
No comments