[00:02] for the public to get in first before trading goes live on the secondary market. So, in today's video, we'll go over how you can participate in the INX token pre-sale. Ladies and gentlemen, welcome back to another CryptoGorilla
[00:15] video. As usual, I have zero control over how this token performs. I am simply showing you how to participate in the pre-sale, but you have to make your own decision if you want to participate in it or not. Special thanks to Infinex
[00:28] video. Hit the subscribe button and let's jump right into it. Infinex was founded by Kane Warwick, the DeFi OG behind Synthetics, and it is a super app that is your one-stop shop for all things cryptoreated. Infinex is a
[00:43] wallet, has spot trading, bridging, per trading for crypto, stocks, gold, and silver, yield farming, airdrop opportunities, and very soon will have prediction markets. They're positioning themselves as a decentralized everything
[00:56] app that competes with the experience of a centralized exchange and is easily accessible across all your devices with one simple pass key login. They have over 100,000 monthly active users with multiple sources of revenue currently
[01:11] bringing in roughly 25 million annualized and they are number two for builder fees on Hyperlid and have just turned on the fees for their token swap feature called Switch. Now up until today there have only been two ways to
[01:26] get exposure to the upcoming INX token. The first way is through their patron NFTts for which they did a sale last year where they sold 43.3% of the supply through these NFTts with prices ranging anywhere from $1250 to
[01:42] prices ranging anywhere from $1250 to $5,000 depending on the vesting and FDV selected. They've been trading anywhere from $3,000 to $6,000 over the past year. currently at $3,250 which implies a 325 million FDV for the
[01:59] INX token and there are 100,000 of these with 10 billion INX tokens meaning each NFT is backed by and will receive 100,000 INX tokens. Now, the second way
[02:11] to get exposure to the INX tokens is by trading on the platform as they are trading on the platform as they are allocating up to 10% to the crate run vouchers campaign which is still live. I will put a tutorial in the description
[02:23] started. However, it's all centered around these crates which you can open up and either find raffle tickets for millions of dollars in prizes or you'll get INX token vouchers which allow you to redeem tokens at discounted prices.
[02:39] But they have just announced a third way to get exposure to the token, which is through a token pre-sale happening on January 3rd. Now, the sale itself is taking place through Sonar, which is a platform recently purchased by Coinbase.
[02:53] You might remember it from the recent Mega ETH pre-sale, which was extremely successful. It does require KYC, meaning you are going to have to share your identity with Sonar if you want to be approved. And unfortunately, certain
[03:05] countries are restricted from participating in the sale. However, good participate in this one. Now, the sale opens on January 3rd and goes until January 6th. You are able to register
[03:19] right now as well as when the sale has started. However, KYC can sometimes take a while. So, I would not recommend waiting until the final day to set up KYC. As for allocation, the minimum amount is $200 in USDC on base with a
[03:35] amount is $200 in USDC on base with a maximum of 2500 per person. If it is overallocated, the winners are going to be selected at random. However, there is a way to boost your odds of being selected. The first way is by posting on
[03:49] X, in which case you are going to have to link your Infinex account to your Twitter. You could do this by going to settings, connected accounts, and then here you can find your Twitter. At which point, once you've registered, you will
[04:01] get a custom sharable graphic. And when you share this on the timeline, you are going to get a 3x boost to your odds of being selected. However, if you're a patron NFT holder and you post about your participation, you are going to get
[04:16] a 10x boost for your odds of being selected. Now, if you are selected, it's important to note the entire amount that you've allocated towards a sale is going to be approved. So, if you did $1,800, that entire $1,800 goes towards the
[04:31] sale. And of course, if you are not approved, the entire amount is refunded. As for the terms of the token sale, they are selling 5% of these token supply at are selling 5% of these token supply at 99.99 mil FDV. So, they are trying to
[04:44] raise $5 million with a one-year optional lockup. Now, I say one-year optional because you do have the option to pull your funds early. However, you're going to have to pay an early exit fee, which if you do this at the
[04:59] beginning, your exit price instead of 99.99 mil FTV is going to be 300 mil FTV. And this is linear descending over that one-year timeline. So if after 6
[05:11] months, which is the 50% point of your vesting, you want to pull out and get your tokens, the FTV you can get your tokens at will have gone down by 50%. So instead of 300 mil FTV, it is now going to be at 200 mil unless you wait the
[05:25] full year, then you get out at 100 mil FTV. Now, why would anyone do this? That depends entirely on your goals around this token. Let's say after 3 months this token. Let's say after 3 months it's trading for random number 750 mil
[05:39] FDV. You're able to get your tokens out at 250 mil FDV. In which case, if you sell, that is a 3x return. However, if you wait the full one year and let's say
[05:51] you wait the full one year and let's say it's still trading at 750 mil FTV, you are now getting your tokens at 100 mil. So that is a 7 and 12 return on your investment rather than a 3x return. So, this is entirely dependent on your
[06:05] conviction, your willingness to hold, and of course, the performance of the token. As for [clears throat] the token, what's the utility? Well, the Infinex team is putting 100% of their revenues after their costs back into the token.
[06:18] So, they will be doing buybacks, which is always what I want to hear. Aside benefits. You are, of course, getting governance rights. You'll get features like discounts on fees, early access to new features on the platform. So, I
[06:32] token holders are going to be able to use that first, similar to what they did for their patron NFT holders where they got to try the wallet extension or the per platform before everyone else. There's also things like IRL events.
[06:46] There are prizes. They've given away over $430,000 in cash rewards to their community. And there's also groups that you can participate in like the patron Echo group where you get access to early
[06:59] investment opportunities. So, that's it for the sale happening on January 3rd up until January 6th. If you have any questions, be sure to leave them in the answer as many as possible. Careful, there's a lot of bots down there. If you
[07:13] it a big thumbs up. If you haven't already done so, hit the subscribe Thank you for watching another Cryptogorilla video. Cryptogorilla video. Peace. [music]