Kain Warwick’s Infinex builds on $67.7 million Patron NFT round with Sonar sale ahead of INX’s 2026 TGE

Infinex, the crypto superapp founded by Kain Warwick, is launching the Sonar token sale to distribute 5% of its total INX supply, targeting a $15 million raise at a fixed $300 million fully diluted valuation. This sale, which precedes the January 2026 Token Generation Event (TGE), aims to broaden token ownership beyond participants in the previous $67.7 million Patron NFT sale, which attracted major investors like Founders Fund and Solana Ventures.

Access to the Sonar sale is split between existing Patron NFT holders, who receive allocation rights based on their holdings (e.g., one Patron grants a $2,000 allocation), and new participants entering via a lottery with capped allocations up to $5,000. Tokens purchased will have a one-year lockup, though early vesting is possible for a premium. Infinex, which Warwick describes as the next dominant crypto application format, is building a platform combining a non-custodial wallet, trading features, and multi-chain connectivity.

The project's tokenomics are revenue-driven, using platform revenue generated before the TGE to buy back INX tokens once trading begins. Sonar operates under the Coinbase umbrella following its acquisition of parent project Echo, but maintains independence for self-hosted sales.

(Source：The Block)