Core Insights - Infinex, a crypto wallet super app, launched its token sales on January 3, but the initial performance was disappointing, prompting changes to the token generation event (TGE) based on community feedback [1][2] Token Sales Performance - The goal was to raise $5 million by selling 5% of the total token supply at a fully diluted valuation of $99.99 million, with a one-year lock-up period for all tokens generated [5] - In the first 24 hours, only $448,000 was raised, with participation from just 270 unique addresses, leading to perceptions of the TGE as a failure [6] - By the time of reporting, total funds raised were less than $700,000 [6] Changes to Token Generation Event - The individual allocation cap of $2,500 has been removed, allowing the market to determine allocation amounts [3] - The allocation mechanism has shifted to a "bottom-up fill" approach, where all participants' allocations increase equally until the supply is exhausted, with excess contributions refunded [3] - Priority for "Patron holders" remains, but the specifics of this allocation will be defined post-sale based on demand data [4] Insider Trading Concerns - Changes to the TGE have raised concerns about potential insider trading, as some accounts on Polymarket made significant bets on the success of the token sales shortly before the announcement of changes [7][8] - Analysts noted unusual activity, with new accounts placing large bets on the amount raised, leading to suspicions of information leakage [7][8]