sonar

Synthetix and Infinex founder Kain Warwick posted on X platform that the valuation of the Sonar token sale conducted by Infinex on Echo has been adjusted from the initially set $300 million to $99.99 million to better align with the current market environment. He pointed out that the original FDV was considered too high by the market, and the adjustment will help enhance the project's attractiveness and prepare for the subsequent TGE.Kain also mentioned that the early exit mechanism was originally designed as an incentive, but due to high pricing feedback, the related exit price will be gradually lowered from $300 million at TGE to about $100 million, while the lock-up period will remain unchanged at one year. As a result of the FDV adjustment, the overall allocation for the Sonar sale has decreased, making it impossible to ensure the original priority allocation arrangement for Patron NFT holders.Kain emphasized that this adjustment aims to attract more new participants rather than just existing holders. Infinex plans to open registration for the INX token sale on December 27, with the official sale starting on January 3, targeting a valuation of $99.99 million, intending to sell 5% of the total supply, with a fundraising goal of $5 million, a one-year lock-up period, and an additional 2% of tokens will be sold through Uniswap at an estimated valuation of about $100 million after the sale ends.

The cross-chain aggregation DeFi platform Infinex has updated its token sale details on Sonar at Echo. This sale will offer 5% of the token supply, with the raised amount reduced from $15 million to $5 million, and the FDV decreased from $300 million to $99.99 million.User registration will open on December 27, and the sale will commence on January 3. Additionally, the official will sell an extra 2% of tokens to Uniswap CCA.

The team behind the privacy blockchain project Octra, Octra Labs, will hold a public token sale on the Sonar platform on December 18. Sonar is a token issuance platform launched by Jordan "Cobie" Fish, recently acquired by Coinbase's ICO platform Echo.This week-long token sale aims to raise $20 million by selling 10% of the total OCT token supply, corresponding to a fully diluted valuation (FDV) of $200 million, Octra stated on Tuesday. The sale will adopt a fixed price + commitment-style distribution model, allowing any number of participants to deposit funds and receive tokens proportionally, designed to maximize decentralization.Octra indicated that if demand is strong, the sale allocation may increase; any unsold tokens will be burned. All sold tokens will be fully unlocked and distributed shortly after the sale ends. The $200 million valuation is double the valuation from Octra's earlier round of funding on Echo earlier this year (raising $4 million). Additionally, Octra previously completed a $4 million pre-seed round with participation from investors such as Big Brain Holdings, Finality Capital Partners, Karatage, and Presto Labs.Regarding token distribution: early investors hold 18% of OCT, Octra Labs holds 15%, and 67% is allocated to the community, including early users, validators, grants, Echo participants, and ICO purchasers. Octra stated that no investor holds more than 3% of the tokens.

Infinex will launch a public offering on Sonar, allowing community members to acquire INX tokens before the project's Token Generation Event (TGE) in January 2026.Last year, Infinex raised $67,700,000 through the sale of Patron NFTs. Infinex founder Kain Warwick stated in a podcast that by launching the public offering on Sonar, Infinex plans to distribute 5% of the total supply of INX at a fixed fully diluted valuation of $300 million, aiming to raise $15 million.

According to The Block, the crypto super app Infinex has announced the launch of a pre-sale round for the INX token through the Sonar platform, planning to sell 5% of the total supply at a valuation of $300 million, raising $15 million.This distribution is open to supporters who participated in the Patron NFT last year, and there is also a lottery channel for regular users. The sold tokens will be locked for one year, with support for paid early unlocking. INX plans to officially generate and list the token in January 2026. The platform integrates wallet, trading, prediction, and cross-chain functions, aiming to create the next-generation Web3 gateway.

ChainCatcher message, regarding Coinbase's acquisition of Echo, Cobie expressed on social media that when Echo was created two years ago, he was almost certain that 95% would fail, but he persisted, believing that even failure was worth trying.Now, he reveals that this deal surprised him but is very exciting, and states that the Echo platform will temporarily remain independently operated, but will integrate the Sonar public product into the Coinbase system, and may open up new channels for entrepreneurs to connect with investors, while creating investment opportunities for investors to access the Coinbase ecosystem.

ChainCatcher news, the investment platform Echo founded by well-known crypto KOL Cobie (Jordan Fish) previously launched the ICO platform Sonar. According to market news, the high-throughput and low-latency EVM-compatible L2 project MegaETH will conduct a public ICO on this platform.Earlier news indicated that the platform's first fundraising project was Plasma.

ChainCatcher news, according to TheBlock, the well-known investor Cobie has officially launched the first project Plasma on the ICO platform Sonar, seeking to raise $50 million. Plasma co-founder Paul Faecks stated that 10% of the XPL tokens will be publicly issued this time, aiming to raise $50 million, corresponding to a total token valuation of $500 million.In previous news, the stablecoin project Plasma announced that it has received strategic investment from Founders Fund, which is under Peter Thiel, although the specific amount has not been disclosed. Peter Thiel is one of the earliest angel investors in Plasma. This investment will help Plasma expand its team, grow its ecosystem, and accelerate adoption in key regions from Latin America to the Middle East and beyond.

ChainCatcher news, according to The Block, the well-known investor Cobie has officially launched the first project Plasma on the ICO platform Sonar, seeking to raise $50 million.Plasma co-founder Paul Faecks stated that this time 10% of the XPL tokens will be publicly issued, aiming to raise $50 million, corresponding to a total token valuation of $500 million.

ChainCatcher news, according to official sources, Jupiter Exchange has acquired Sonar Watch and launched Jupiter Portfolio, providing a unified wallet overview for Solana ecosystem assets.This tool is deeply integrated with Jupiter Mobile, helping users comprehensively manage tokens and on-chain assets, and achieve a faster, more secure trading experience.

ChainCatcher news, according to the official announcement, Jupiter has announced the acquisition of the Solana on-chain portfolio tracker Sonarwatch.Jupiter will launch a personal portfolio page created by Sonarwatch, allowing users to track on-chain activities on Solana. This feature will be integrated into the Jupiter web and mobile versions.

ChainCatcher news, Web3 social graph protocol Lens Protocol has acquired the NFT mobile game Sonar, allowing users to log into Sonar games using Lens. Sonar claims that its games have 20,000 monthly active users and thousands of NFT holders. After the acquisition is completed, Sonar executives will join Aave to develop a social application for mobile users supported by Lens, with the app set to launch in 2023. (CoinDesk)

ChainCatcher news, AAVE has announced the acquisition of the mobile social metaverse game Sonar, where players can build worlds and interact with spaces created by other users using NFTs.After the acquisition is completed, Sonar plans to integrate Lens Protocol. Existing Sonar users and Moji holders can mint their account profiles at claim.lens.xyz within the next 14 days. (Source link)