Crypto superapp Infinex has unveiled details of its Sonar token sale, marking the next major stage in the project’s journey toward its January 2026 token generation event (TGE). The initiative will allow community members to acquire INX tokens ahead of the launch.
Founder Kain Warwick revealed the structure and goals of the Sonar sale on The Block’s Big Brain podcast. The company aims to distribute 5% of total INX supply at a fixed $300 million fully diluted valuation, targeting a $15 million raise. The sale follows Infinex’s $67.7 million Patron NFT fundraiser completed last year, which introduced the project’s “patronage” fundraising model.
Warwick said the Sonar round is designed to expand ownership across the community, ensuring that participants who missed the Patron sale can gain early exposure before the token debut. He stated,
“The form factor that will dominate crypto over the next five years will be the superapp.”
We are thrilled to announce the completion of our $67.70M Patron Sale with support from leading founders, foundations, funds and communities across the onchain ecosystem.
— Infinex (@infinex) October 28, 2024
Infinex is ushering in the next phase of our industry, the "post-CEX era". pic.twitter.com/MVxrObVrbn
Building on last year's Patron NFT momentum
The Patron NFT sale played a critical role in establishing Infinex’s ecosystem. It attracted investors such as Peter Thiel’s Founders Fund, Wintermute Ventures, Framework Ventures, and Solana Ventures, along with high-profile angel investors including Ethereum co-founder Vitalik Buterin, Solana co-founder Anatoly Yakovenko, and Aave founder Stani Kulechov.
Over 43,000 Patron NFTs were sold across Ethereum, Solana, Arbitrum, Base, Polygon, and Optimism. All participants paid identical prices under the same terms, which Warwick described as a fairer model compared to traditional venture rounds. The campaign raised $67.7 million and drew global attention as one of the largest NFT-based fundraisers to date.
The platform currently reports a total value locked (TVL) of $125 million, signaling consistent engagement following the initial sale. Warwick stated that the project’s longer-term goal is to “accelerate the extinction of centralized exchanges” by merging decentralized finance functionality with an intuitive, all-in-one user interface.
How the Sonar sale works
The Sonar round introduces both continuing and new participation paths. Existing Patron NFT holders will receive priority allocation rights, while new users can join through a separate lottery-based access mechanism.
Each Patron NFT grants entitlement to 100,000 INX tokens at the TGE. Holders will receive allocation privileges scaled by the number of NFTs they possess. One Patron corresponds to a $2,000 allocation, five Patrons equal $15,000, 25 Patrons unlock $100,000, and 100 Patrons allow for $500,000, as they mention on their X account.
Patron holders get additional guaranteed allocation:
— Infinex (@infinex) November 27, 2025
→ 1 Patron = $2,000
→ 5 Patrons = $15,000
→ 25 Patrons = $100,000
→ 100 Patrons = $500,000
Non-holders can participate through a lottery pool, capped at $5,000 per person with a $200 minimum contribution. All tokens purchased will include a one-year lock, although early-vesting options with premiums are available. Infinex’s treasury will retain 25% of the total INX supply for incentives and future ecosystem development.
Infinex confirmed in its statement that “Pre-registration for the sale will be in the coming weeks.”
The company also clarified that Sonar operates under the Coinbase umbrella following Coinbase’s $400 million acquisition of Echo, Infinex’s parent entity, in October. A source familiar with the rollout said, “So it’s not like Monad,” referencing Coinbase’s new MON token sale platform.
What Infinex aims to build
Infinex describes itself as a crypto superapp integrating wallet infrastructure, trading tools, and multi-chain connectivity within one platform. Its non-custodial, gas-abstracted wallet supports more than 20 blockchains. Users can manage swaps, perpetual futures, and prediction markets from a single interface.
A new portfolio “defragmentation” tool and browser extension for decentralized apps are expected to go live on November 30, along with a passkey access system that simplifies secure, cross-device wallet connections.
Warwick detailed the project’s revenue-driven tokenomics, explaining that the team will fund buybacks of INX using income generated from the platform’s products. He said, “We generate platform revenue across multiple products, then use that revenue to buy back tokens.”
He added,
“The more revenue we generate before TGE, the more we’ll have for buybacks when INX starts trading.”
The project’s treasury activity is verifiable through HyperTracker, while its underlying architecture draws on collaborations with the Near Foundation for chain signatures and Wormhole for cross-chain communication.
Token conversion and long-term plan
After the TGE, Patron NFT holders will become INX token owners, with each Patron converting to 100,000 tokens. The NFTs will remain active as profile collectibles representing early support.
Approximately 33% of the total INX supply will remain in the treasury for future token distribution, incentive schemes, and staking rewards. Ahead of this event, Infinex launched Craterun, a platform engagement initiative where users earn $CRATE tokens and INX vouchers.
The Sonar token sale now represents the final public opportunity to acquire INX before the TGE. The sale positions Infinex to enter 2026 with a larger holder base and expanded community governance across its growing ecosystem.
Tanya Petrusenko
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