Infinex: We Messed Up the Public Sale, Will Revise Specific Rules

Odaily News Infinex officially announced on X: "We messed up this public sale. We tried to balance the interests of existing Patron holders and new participants while ensuring a fair distribution, but ended up with a sale that (almost) no one wanted to participate in. Retail users hate lock-ups, large holders hate caps. Everyone hates complexity. The community has been reminding us, and you were right. We also apologize for how this was handled. Therefore, we will adjust this public sale in the following aspects."

Specific adjustments include:

1. Remove the cap: There will no longer be a $2,500 maximum limit; users can contribute any amount they wish; you can contribute as much as you want. We will stop trying to guess a 'correct number' and let the market decide.

2. Adopt a bottom-up allocation mechanism: We will cancel random allocation and switch to a water-filling mechanism, meaning everyone's allocation will increase simultaneously and uniformly until their individual caps are met or the total supply is exhausted. Any over-contributed amounts will be refunded.

3. Patron priority remains: Patrons will still have allocation priority, but we will finalize the specific rules after the sale concludes—once we have real demand data, instead of continuing to guess.

4. Lock-up mechanism will not be canceled: We still believe that lock-ups can bring long-term interest alignment for those who truly believe in the product.