Infinex Token Launches at $300 Million Valuation

Infinex, the wallet and tool suite led by Synthetix founder Kain Warwick, conducted its token generation event (TGE) today after concluding its initial coin offering (ICO) earlier this month.

The INX token debuted at a $330 million fully diluted valuation, or $0.033 per token, and has since dropped to $0.021 as airdrop recipients and ICO investors take profits, as is typical when new tokens launch.

Infinex functions as a decentralized super app, connecting dApps such as decentralized exchanges, bridges, and derivatives aggregators across more than 25 different blockchain networks, accounting for “85% of the top 100 assets on CoinGecko,” according to a release shared with The Defiant. Infinex plans to expand its token offerings throughout the first half of the year.

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