no comment
Okay so I'm not a fan of the Infinex ICO.
People can get in at $300M USD FDV if they lock their tokens up for a year.
Locking up anything for such a period at this type of valuation is a gamble at best.
Or at $1B USD with instant unlock, but with limited upside (if any).
Now here's the thing:
Their Infinex Patrons NFTs currently imply a FDV of $545M USD *but* are highly illiquid.
So in theory you get in at a 40% discount (I'm being very very generous here) but you only get your tokens in 12 months.
Look at the recent multi-month performance of TGEs and do the math yourself.
Lottery-based sale structure is also bearish imo.
Will probably fade this one, unless someone can explain the bull case for me because I really don't see it
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