Infinex finished fundraising ($65.3M), then sold NFTs ($67.7M), and after selling NFTs, they launched a public sale (starting at $15M). Altogether, they’re aiming to raise $150M. The public sale on Sonar also seems pretty tricky. At TGE, tokens can’t be unlocked. If you want to unlock, it’s calculated based on a $1B FDV. Otherwise, you’ll have to wait a year, and it’ll be calculated based on a $300M FDV. At TGE, the circulating supply is estimated to be around 10%. This includes 5% from Sonar’s premium unlockable portion + 2,926 $5,000 (immediate unlock) NFTs (2.9%) + part of the Craterun event (10%). At this point, based on a $1B FDV, the circulating market cap would be around $100M. If you claim a year after TGE, the circulating supply would be over 25%. At least this would include 5% from Sonar + 2,926 $5,000 (immediate unlock) NFTs (2.9%) + 10% from the Craterun event + 1,514 $3,000 (12-month linear unlock) NFTs (3%) + 1% for team and advisors + 38,804 $1,250 NFTs (1/12 unlocked, 3.23%) + an unspecified portion from the treasury. At this point, based on a $1B FDV, the circulating market cap would be around $250M. Based on a $300M FDV, the circulating market cap would be around $75M. If it were you, would you choose not to participate, unlock immediately, or wait a year to unlock?