In a significant shift for the Infinex project, Kain Warwick has revealed a reduction in the fundraising target, aiming to better align with the interests of retail investors. This decision follows a lukewarm response from the investment community during the initial phase of the token sale, and the publication provides the following information:
Revised Fundraising Target
Originally set at a formidable 300 million FDV, the new target reflects a more realistic approach after only 460,000 was raised on the first day of the sale. This adjustment is seen as a strategic maneuver to enhance the project's appeal and to recalibrate its funding strategy in light of current market conditions.
Challenges in Attracting Investment
Warwick's decision underscores the challenges faced by crypto projects in attracting investment, particularly from retail investors who may be hesitant in the current economic climate. By lowering the fundraising goal, Infinex aims to create a more inviting environment for potential backers. This fosters greater engagement and support as the project moves forward.
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