Infinex founder: "Lowering the FDV of the Sonar token sale to $99.99 million" is to better adapt to the current environment.

Synthetix and Infinex founder Kain Warwick tweeted that the total valuation (FDV) of Infinex's Sonar token sale has been lowered from the initial $300 million to $99.99 million to better reflect the current market environment. Kain pointed out that the original planned FDV was considered too high, and the adjusted value will be more attractive, aiming to boost project buzz and prepare for the upcoming TGE.