According to Odaily Planet Daily, Infinex founder Kain published a blog post announcing that Infinex has officially entered a critical phase leading up to its Token Generation Event (TGE). The team has decided to voluntarily lock up 20% of the total token supply for another 12 months, with a linear release over 12 months after the lockup to ensure liquidity is not acquired before achieving product-market fit.

Kain stated that Infinex currently has approximately $250,000 in revenue, is experiencing accelerating growth, and plans to launch additional products in the medium term. The pre-TGE process will be divided into three phases: first, completing the core product and incentive program; second, evaluating the effectiveness of the product and incentive program to determine whether to launch the TGE; and finally, conducting the pre-sale and token distribution.

Infinex plans to launch incentive activities and core features in mid-November, including:

The incentive mechanism will calculate user rankings through wallet imports, social account bindings, and historical transaction activity, and distribute "crates" containing prizes and discounted token subscription coupons. Some crates contain qualifications for a $1 million prize pool draw.

Kain revealed that the TGE is expected to take place between late December and early January, and that a presale for "Sonar" will be launched before the TGE (previously, the presale was for Echo). All Infinex tokens will be 100% distributed to Patron NFT holders. The plan is to transition Patron NFTs to the PFP series, reducing the total supply to 25,000 to 50,000 through a synthesis mechanism.

He said that after TGE, token repurchase will be launched, and trading terminals, more chains and assets, NFT platforms and new perpetual markets will continue to be launched. Infinex will compete with centralized exchanges and eventually expand to a wider user group.