Infinex Adjusts Public Sale Rules, Raises Only $1.55 Million

Infinex, a cross-chain aggregated DeFi platform, announced revised public sale rules on Jan. 5, removing the subscription cap and switching to a bottom-up allocation model. Despite these adjustments, the fundraising campaign has struggled to attract investor interest. As of Jan. 7, the project had raised only $1,555,968, representing about 30% of its $5 million target. The move follows a broader trend of regulatory scrutiny and shifting investor sentiment in the DeFi space.

The decision to remove the subscription cap and adopt a bottom-up allocation model aims to make the fundraising process more accessible to a wider range of investors. However, these changes have not been enough to significantly boost participation. The project's performance has raised questions about investor confidence and the effectiveness of current fundraising strategies in the DeFi sector.

The adjustment to public sale rules was likely made to address prior concerns about limited access and unequal distribution of tokens during initial fundraising stages. By switching to a bottom-up model, Infinex aims to prioritize smaller investors. Still, the lack of substantial progress in fundraising indicates that other factors may be influencing investor behavior.

Market reactions to the news have been mixed. While some investors appreciate the platform's efforts to improve accessibility, the low fundraising figures have drawn criticism. Analysts note that the DeFi space remains in a transition phase, with regulatory changes and market volatility impacting fundraising outcomes.

Analysts are closely watching how Infinex will respond to the slow fundraising pace. One possibility is that the platform may extend the fundraising period or adjust incentives for token buyers. The broader DeFi market is also under scrutiny as it adapts to shifting regulatory environments and investor expectations.

Investor confidence appears to be a key issue in the current fundraising climate. With several DeFi projects facing legal and regulatory challenges, potential participants are likely exercising greater caution. Infinex's experience highlights the ongoing challenges in attracting capital to DeFi initiatives despite efforts to improve transparency and inclusivity.