#代币发行与分配 Seeing Infinex's recent moves, I have a few honest words to say. Dropping from a $300 million FDV to $99.99 million, and reducing funding from $15 million to $5 million—this is not just a matter of "listening to community feedback."

Having navigated the blockchain space for many years, I’ve seen too many project teams use "poor market conditions" as an excuse. The problem is, if your pricing model lacks basic market understanding, that itself is a dangerous signal. Starting with a price that deviates more than three times from the market indicates either the project team is blind or they are deliberately testing investors' bottom line.

I do agree with the one-year lock-up period—it at least filters out FOMO investors who want to dump at TGE. But look at the logical flaws here: the initial pricing was already problematic, and now that it’s been cut, it shows the previous funding plan was inherently risky. My advice is, before participating in any token sale, ask yourself three questions: What is the project's initial pricing based on? Why was it changed? What does the new tokenomics mean for early investors?

Token issuance is less about the project's technical capabilities and more about their respect for risk. A team that can honestly adjust its strategy is always better than one that stubbornly sticks to its guns. But remember, making adjustments itself indicates there were issues before.