Infinex is about to launch a new product in Sonar. Can I help you calculate if it's worth participating in? @Infinex is a multi chain non custodial "crypto super application" created by Kain Warwick, founder of Synthetix, with the goal of replacing all centralized exchanges and wallets with one account, providing all functions such as spot trading, perpetual contracts, cross chain transfers, and staking. @Infinex raised a total of $65.3 million in financing, with $67.7 million raised through the Patron NFT public sale last year. Infinex will conduct its final public offering at Sonar before the TGE on January 15, 2026. For detailed information on the public offering, please refer to: https://infinex.xyz/news/sonar-sale-is-here Infinex Public Offering Details: Infinex is selling 5% of its 1 billion INX tokens at Sonar, with a total fundraising target of $15 million, based on an FDV of $300 million. However, it should be noted that the position needs to be locked for one year and cannot be traded immediately. If users participating in the public offering want to unlock on TGE (January 15, 2026), tokens will be issued at a valuation of $1 billion FDV. The unlocked valuation decreased linearly from 1 billion to 300 million within a year. After passing Sonar KYC, ordinary users can subscribe for a minimum of $200 and a maximum of $5000. If they oversubscrip, they will be selected by drawing lots, and if they win, they will be fully allocated. If they don't win, they will be automatically refunded. Patron NFT holders: One Patron NFT has a $2000 allocation, 5 Patron NFTs with a distribution of $15000, 25 Patron NFTs with a distribution of $100000, 100 Patron NFTs with a distribution of $500000, The allocation is cumulative, for example, 32 Patron NFTs have a quota allocation of $119000. If you want to ensure that you have an allocated quota, you need to purchase NFTs. Infinex (INX) token economics, how many tokens will be circulating during TGE: The total number of INX is 1 billion. At INX TGE, 100% of the supply is allocated to Patron NFT holders. The total supply of Patron NFTs is 100000. Among the 100000 NFTs, Infinex sold 43244 NFTs at an average price of about $1565 in October last year, which were immediately unlocked ($5000 per NFT), linearly unlocked for 12 months ($3000 per NFT), locked for one year, linearly unlocked for 24 months ($1250 per NFT), and the remaining 56756 NFTs entered the national treasury. According to AI calculations (possibly incorrect), out of these 43244, 2926 NFTs worth $5000 (immediately unlocked) were sold; $3000 NFT (12-month linear unlock) sold 1514 units; $1250 NFT (linearly unlocked 24 months after being locked for 1 year) sold 38804 pieces. Sonar publicly available for sale (5%): 50 million pieces, with buyers locked in for 1 year (not in circulation at TGE, but some may be unlocked at a premium). Craterun event (10%): 100 million pieces, distributed in the form of coupons, partially circulated during TGE. Treasury/Incentive (25%): 250 million coins, locked in during TGE, used for ecological development. Team/Consultant (10%): 100 million pieces, 12-month clip+12-month linear unlock after TGE (initial non circulation). So the circulating portion during TGE is the Sonar 5% premium unlocked portion+2926 NFTs worth $5000 (unlocked immediately) (2.9%)+a portion of the Ratrun activity (10%), estimated to be around 10%. You can choose whether to unlock TGE with 1 billion FDV or 300 million FDV based on these data. Registration will be open in the coming weeks, so you can follow us first.