I've had the chance to evaluate the Infinex sale in its entirety and here's my honest opinion.
The biggest red flag is the token layout. You can buy this project at $300 million FDV but there is a 12-month lock. Or you can buy this project at a $1 billion FDV with instant unlocks. Clearly having a token worth $300 million with a 12-month lock isn't able to create any sort of "long-term conviction" and that sounds like nonsense framing to me.
People use the Patrons NFT to back up their claim of ~$545 million FDV but these tokens are incredibly illiquid. Theoretical discounts will not apply if
The biggest red flag is the token layout. You can buy this project at $300 million FDV but there is a 12-month lock. Or you can buy this project at a $1 billion FDV with instant unlocks. Clearly having a token worth $300 million with a 12-month lock isn't able to create any sort of "long-term conviction" and that sounds like nonsense framing to me.
People use the Patrons NFT to back up their claim of ~$545 million FDV but these tokens are incredibly illiquid. Theoretical discounts will not apply if
