Infinex token sale raises only about $600,000 in three days, and the team plans to switch to a "fair distribution mechanism"

Non-custodial crypto trading platform Infinex recently announced adjustments to its public fundraising structure. After raising only approximately $600,000 within three days of token sale launch—far below the original target of $5 million—the project team decided to abandon the original quota model and adopt a “max-min fair distribution” mechanism. This change quickly sparked widespread discussion among crypto traders and the DeFi community.

Infinex focuses on providing a user experience close to centralized exchanges (CEX), helping users access DeFi and cross-chain trading markets more conveniently. According to the initial plan, Infinex aimed to complete $5 million in funding within three days, with a single-wallet participation cap of $2,500, attempting to balance retail investors and large capital. However, the actual fundraising progress was slow, prompting the team to urgently adjust its strategy.

Infinex acknowledged in an official statement that the initial token sale structure had design flaws. “Retail users dislike lock-up periods, whale users are dissatisfied with quota limits, and everyone finds the complex rules frustrating,” the team stated. They attempted to cater to different groups simultaneously, which instead weakened overall participation willingness, and apologized to the community for this.

Under the latest plan, Infinex has completely removed the single-wallet quota cap and replaced it with a so-called “watered fair distribution” model. Under this mechanism, all participants’ subscription limits will grow in sync until the total quota is sold out, with any excess funds being refunded to reduce unfair advantages caused by differences in financial strength. The project team added that early sponsors will still enjoy certain priority rights, but the specific distribution ratios will be announced after the sale ends and demand is clarified.

It is important to note that despite the changes to the fundraising structure, the token still has a one-year lock-up period. Infinex stated that the lock-up mechanism helps foster long-term user consensus and emphasized that it had previously failed to adequately explain its product positioning—namely, a fully self-custodial DeFi trading platform that integrates cross-chain bridges, swaps, and trading.

However, this temporary adjustment has also raised questions. Some comments pointed out that Infinex had completed approximately $67 million in funding last year, and now, during the public sale phase, it is frequently changing rules, which could undermine market trust. Overall, Infinex’s restructuring of its fundraising reflects the cautious sentiment in the current crypto funding environment and highlights the real-world balancing act DeFi projects face between “fair distribution,” “user experience,” and “funding efficiency.”