Infinex's Token Sale Aims to Fuel Universal Crypto Superapp Vision

Infinex, the crypto superapp founded by Kain Warwick, has announced a public token sale via its Sonar platform to raise $15 million ahead of its January 2026 token generation event (TGE). The offering will distribute 5% of the total INX token supply at a $300 million fully diluted valuation, according to a report by BitGet. This follows Infinex's earlier $67.7 million Patron NFT fundraising in 2024, which spanned six blockchains and attracted major crypto investors as reported by The Block.

The Sonar sale aims to broaden token ownership beyond early NFT participants. Existing holders of 100,000 Patron NFTs will receive allocation rights based on their holdings, with each NFT entitling its owner to 100,000 INX tokens at TGE. Non-NFT holders can also participate via a lottery system, capped at $5,000 per person as reported by The Block. Tokens purchased will be locked for one year, though early unlocking is possible by paying a premium. Infinex's treasury will retain approximately 25% of the total supply for future incentives as reported by The Block.

Warwick emphasized the strategic importance of the sale in positioning Infinex as a "crypto superapp," integrating wallet infrastructure, decentralized exchange (DEX) aggregation and cross-chain functionality into a single platform. The company's roadmap includes tools for portfolio "defragmentation" and browser extensions for decentralized applications, scheduled for November 30. The platform already supports 20+ blockchain networks and partners with projects like Near Foundation and Wormhole for cross-chain interoperability.

The fundraising aligns with Infinex's broader vision to serve as a universal gateway for crypto users, including emerging blockchains such as Fogo and MegaETH. Revenue from platform tools-already live-will fund token buybacks, Warwick stated, creating a self-sustaining tokenomics model.

While the $300 million valuation trails competitors like Hyperliquid's $3.8 billion fully diluted valuation, market sentiment remains cautiously optimistic. Polymarket data shows 89% of participants expect a $2 billion market cap for Infinex, though only 7% project a $4 billion valuation. The sale's success will hinge on user adoption and the platform's ability to execute its cross-chain and superapp ambitions.