Infinex Revises Fundraising Structure After Slow Initial Sale

2026-01-06 09:21:23

Source: CryptoNewsNet Original Title: Infinex revises fundraising structure, replaces $5 Million raise plan with fair allocation model Original Link: Trading platform Infinex has changed the terms of its public token sale after raising just about $600,000 over the first three days, drawing criticism from traders who said the move benefited well-positioned wallets.

Infinex is a noncustodial crypto trading platform that aims to simplify access to DeFi and cross-chain markets through a centralized exchange-style interface.

The project had initially pitched a $5 million public raise with a three-day window and a $2,500 per-wallet cap.

In a statement, Infinex acknowledged it “got the sale wrong,” saying the structure tried to satisfy too many groups at once.

“Retail hates the lock. Whales hate the cap. Everyone hates the complexity,” the team wrote, apologizing for the rollout.

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