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I really like seeing @ change the sale structure and remove the small cap.
And I especially like seeing top tier founders like @kaiynne stay humble and have the maturity to openly admit mistakes.
I honestly don’t know what the haters still have to complain about. In the past few years, I can’t remember many projects that communicate this well, genuinely listen to their community, and then actually adapt based on that feedback.
Being able to buy $INX at a $100M valuation is a no brainer. Until now, though, I saw it more like a marketing gig, since a $2500 allocation isn’t very interesting for anyone outside of retail. Removing the cap completely changes this.
I’m fairly certain this has now caught the attention of whales and funds that will oversubscribe the sale. Since this is smart money, they won’t blindly ape in though, but will continue to observe and deploy capital when the timing is optimal for them.
I’d much rather see $INX concentrated in the hands of a few whales and VCs who understand the long-term potential and are willing to hold accordingly, rather than in the hands of clueless yappers and retailers who don’t even look at fundamentals and immediately start FUDing just because money isn’t being thrown at them for saying “gm” in Discord a few times.
I’m massively bullish on the amount of FUD coming from dumb money, while the investors I respect and consider top tier are quietly and confidently watching from the sidelines.
Infinex will go down as a textbook example of a controversial bet that ends up returning a massive amount of capital, far more than your favorite consensus ICOs that you can then eventually flip for a 1.2x.
There’s a reason dumb money is called dumb money, and unfortunately, it doesn’t look like that’s going to change anytime soon.