Road to TGE: The Complete Guide
Jan 19, 2026
This document is your comprehensive guide to understanding what happens to your Infinex holdings at TGE.
When is TGE?
The INX Token Generation Event will take place on January 30, 2026.
At a glance
What happens to your holdings at TGE:
- Patrons (unlocked) → 100,000 INX per Patron
- Patrons (locked) → 100,000 INX per Patron, daily vesting
- Sonar Sale INX → Locked for one year, early unlock option available
- INX Vouchers → Redeem in-app at listed price
- µPatrons (Yaprun) → Convert to INX at a rate of 10:1, unlocked
- Bullrun Patrons (top 100) → Distributed at snapshot
Patrons → INX
A snapshot will be taken before TGE. For every Patron NFT you hold at the time of the snapshot, you will be able to claim 100,000 INX in the Infinex app.
If your Patrons are held outside your Infinex account, you'll be able to claim your INX at app.magna.so.
The exact snapshot date will be announced approximately one week before TGE, and will take place in the 24 hours leading up to TGE.
You get to keep your Patron NFT after you claim your INX tokens, however all Patron NFT benefits transfer to INX after TGE.
If you have active bids on NFT marketplaces like OpenSea, Blur, or MagicEden, retract them before the snapshot. Patrons bought after the snapshot will not be able to claim the 100,000 INX.
What happens to Patrons at TGE?
Each of your Patron NFTs will be split into two components:
- Commemorative NFT
- Proof you were an early supporter of Infinex
- Will become a PFP (via crafting) after TGE
- No utility after TGE
- 100,000 INX
- Fee discounts when using Infinex
- Early access to new features
- Access to Patron Telegram & Echo groups
Patrons → PFPs
Patron NFTs will become a PFP collection after TGE.
- Current collection: 100,000 Patrons
- Target collection: ~25,000 PFPs
- Mechanism: Combine multiple Patron NFTs to create rarer PFPs
The conversion of Patrons to a PFP collection is planned for after TGE. Locked Patrons will unlock to enable crafting. Timing and more details will be announced separately.
If you have...
If you bought "Locked" Patrons (ie, the $125M FDV tier) during the Patron Sale in 2024, your INX will be subject to the same vesting schedule.
- Vesting started on October 24th, 2024
- 12-month cliff ended October 24th, 2025
- 24-month linear vesting after cliff, fully vested by October 24th, 2027
Note that from TGE, INX vests daily, which means you can claim your INX tokens daily.
If you earned µPatrons in Yaprun Season 0 or Season 1, at TGE they will convert to INX at a rate of 10 µPatrons = 1 INX. You will be able to claim your INX in the Infinex app, and the tokens will be unlocked when claimed.
If you placed in the top 100 of Bullrun, you will receive a Patron NFT.
- 1st → 3 Patrons
- 2nd → 2 Patrons
- 3rd - 100th → 1 Patron each
Bullrun Patrons will be distributed to your Infinex account at the time of the snapshot. You'll be able to claim 100,000 INX per Patron, fully unlocked in the Infinex app.
Sonar Sale
If you purchased INX in the Sonar Sale (3-10 January, 2026), your tokens are locked for one year from TGE, and will unlock on 30 January, 2027.
Early unlock option
You have the option to unlock your INX early by paying a fee. The unlock price decreases linearly over the year.
How early unlock pricing works
At TGE, the early unlock price is set at $300M FDV (3c per token). This price declines linearly over one year down to the sale price of $99.99M FDV (0.99c per token).
You can view and exercise your early unlock option in the Infinex app.
To unlock early, you need to pay the difference between the price you bought at (0.99c) and the current early unlock price.
Example: say you bought $1,000 worth of INX tokens during the Sonar Sale. The amount you need to pay to unlock your tokens is based on the formula: (early unlock price - sale token price) x quantity = amount payable
| Time | FDV | Early unlock price | Cost to unlock |
|---|---|---|---|
| TGE | $300M | 3c | $2,000 |
| 3 months | $250M | 2.5c | $1,500 |
| 6 months | $200M | 2c | $1,000 |
| 9 months | $150M | 1.5c | $500 |
| 1 year | $99.99M | 0.99c | $0 (fully unlocked) |
INX vouchers
If you received INX Vouchers during the Craterun campaign, you can use them to purchase INX at a discounted rate.
- Vouchers can be redeemed immediately after TGE
- You can continue earning vouchers after TGE
- Vouchers will expire 1 year after TGE (January 30th, 2027)
How vouchers work
Each voucher has a listed price (the price per INX token you pay) and a number of tokens available for purchase at this price.
If the voucher's listed price is below the market price, you can buy INX at a discount. You can buy the number of tokens listed on each voucher, at the price listed on the voucher.
For example: say you have 100,000 "buy at 0.03" vouchers.
- You can redeem those vouchers and receive 100,000 INX tokens by paying
100,000 x $0.03 = $3,000. - Once acquired, the tokens will be fully liquid and transferable.
- The
estimated valuenumber shows the current market value of the 100,000 INX tokens ($3,500). - The green value ($500) represents your gain over the purchase price.
Remember: there's no rush. If the voucher's listed price is above the current market price, you can hold on to the voucher for up to one year.
How to redeem vouchers
You can redeem your vouchers from the Crates page, in the Infinex app.
How to buy INX
After TGE, you will be able to buy INX in the Infinex app or via your preferred DEX.
The official INX token will be available on Ethereum and Solana only.
INX will also be available on centralized exchanges at TGE (list of exchanges will be confirmed closer to the date).
Will be published before TGE
Remember: only follow official Infinex links, and always verify contract addresses before a transaction.
On-chain liquidity
INX will have on-chain liquidity on Ethereum and Solana.
- Ethereum: Infinex will seed liquidity directly.
- Solana: liquidity provision is being handled by Sunrise (via Wormhole infrastructure). The exact venues (Orca, Meteora, etc) are being finalized.
There may be incentives for providing liquidity or depositing INX on various platforms. These incentives are not offered by Infinex directly.
Tokenomics
Total supply: 10,000,000,000 INX (10 billion)
Token Distribution
| Allocation | % of Supply | Tokens | Status at TGE |
|---|---|---|---|
| Patron Sale | 44.04% | 4.404B | Vesting (various schedules) |
| Team | 20.00% | 2.0B | Locked until Oct 2026 |
| Treasury | 16.20% | 1.62B | Fully unlocked |
| Craterun vouchers | Up to 10% | Up to 1B | Claimable as redeemed |
| Sonar Sale | 5.00% | 500M | Locked 12 months |
| Previous incentives | 4.76% | 476M | Fully unlocked |
GP holders: 2.13%
- Speedrun: 1.15%
- OG Craterun: 1.00%
- Yaprun: 0.38%
- Bullrun + other: 0.10%
Revenue
Infinex generates revenue from platform fees. You can see current revenue and fees on DefiLlama.
Buybacks
Net revenue from Platform fees goes to buying INX. Purchased INX is then locked for at least 1 year. This creates ongoing buy pressure from real protocol revenue.
Emission schedule
Note: Voucher redemptions affect circulating supply based on user activity.
| Date | Circulating Supply^ | Unlocked Supply† |
| Jan 2026 | 1,994,300,000 | 3,614,500,000 |
| Feb 2026 | 2,221,302,273 | 3,841,502,273 |
| Mar 2026 | 2,448,304,545 | 4,068,504,545 |
| Apr 2026 | 2,675,306,818 | 4,295,506,818 |
| May 2026 | 2,902,309,091 | 4,522,509,091 |
| Jun 2026 | 3,129,311,364 | 4,749,511,364 |
| Jul 2026 | 3,356,313,636 | 4,976,513,636 |
| Aug 2026 | 3,583,315,909 | 5,203,515,909 |
| Sep 2026 | 3,810,318,182 | 5,430,518,182 |
| Oct 2026 | 4,203,987,121 | 5,824,187,121 |
| Nov 2026 | 4,597,656,061 | 6,217,856,061 |
| Dec 2026 | 4,991,325,000 | 6,611,525,000 |
| Jan 2027 | 5,812,266,667 | 7,432,466,667 |
| Feb 2027 | 6,133,208,333 | 7,753,408,333 |
| Mar 2027 | 6,454,150,000 | 8,074,350,000 |
| Apr 2027 | 6,775,091,667 | 8,395,291,667 |
| May 2027 | 7,096,033,333 | 8,716,233,333 |
| Jun 2027 | 7,416,975,000 | 9,037,175,000 |
| Jul 2027 | 7,737,916,667 | 9,358,116,667 |
| Aug 2027 | 8,058,858,333 | 9,679,058,333 |
| Sep 2027 | 10,000,000,000 | 10,000,000,000 |
- ^Circulating Supply = Patron Sale + Sonar Sale + Vouchers + Incentive Campaigns + Team
- †Unlocked Supply = Circulating Supply + Treasury
Whitepaper
Download the Infinex Token MiCA White Paper
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