Infinex: We messed up the public offering and will revise the specific rules

Odaily reported that Infinex officially announced on X: "We messed up this public sale. We tried to balance both existing Patron holders and new participants, aiming for a fair distribution, but the result was a sale that (almost) no one wanted to join. Retail investors hate lock-ups, whales hate caps. Everyone hates complexity. The community has been reminding us, and you were right. We apologize for the way we handled this. Therefore, we will adjust this public sale in the following ways."

The specific adjustments include:

1. Removing the cap: There will no longer be a maximum limit of $2,500. Users can contribute any amount they wish; you can invest as much as you want. We will no longer try to guess a "correct number" and will let the market decide.

2. Adopting a bottom-up allocation mechanism: We will cancel the random allocation and switch to a water filling mechanism, meaning each person's allocation will increase simultaneously and evenly until their individual cap is reached or the total supply is exhausted. Any excess contributions will be refunded.

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

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