Origin and Introduction
of the project Infinex Patrons NFTs are monumental, limited-edition digital collectibles introduced by Infinex, a decentralized infrastructure platform developed by DeFi project Synthetix
。 The project aims to provide users with an experience comparable to centralized exchanges such as Binance and Coinbase, but with the advantage of decentralization. The introduction of the Patron NFTs is part of the XIP-33 proposal, replacing the previous XIP-12 and aims to provide early and active users with the opportunity to support Infinex's core mission to be the easiest and most secure platform for storing, trading, and using cross-chain crypto assets
.
Thecore idea of Patron NFTs is to allow users to become "patrons" of Infinex by owning these NFTs, thereby providing basic support for the continuous development of the platform and obtaining exclusive rewards and benefits
the issuance method and total amount
ofthe project 100,000 Patron NFTs, all based on the Ethereum blockchain
issuance includes community minting and strategic allocation:
50,000 (50%) are open through community minting, allowing public and strategic purchasers to participate.
The remaining 50% is allocated to the treasury, core working groups, and incentive
community minting takes place on the Infinex platform, requiring users to have an Infinex account. Strategic purchasers (such as integration partners, protocols, dApps, Layer 1 networks, foundations, DAOs, and corporations) can purchase up to 30,000 NFTs, with the remaining unsold portion going to the public sale.
launch blockchain
All Patron NFTs are issued on the Ethereum network and are tradable
on multiple NFT marketplaces such as OpenSea and Blurcelebrity platform
The Patron NFT sale attracted the participation of a number of high-profile investors and key figures in the crypto space, including:
venture capital firms: Peter Thiel's Founders Fund, Wintermute Ventures, Framework Ventures, and Solana Ventures.
Well-known angel investors: Ethereum co-founder Vitalik Buterin, Solana co-founder Anatoly Yakovenko, and Aave founder Stani Kulechov
The support of these participants shows that the project has a high level of recognition in the crypto community.
the company's ecosystemInfinex's
ecosystem is a decentralized infrastructure platform designed to provide a user experience comparable to that of centralized exchanges, but with an emphasis on self-custody and decentralization benefits.
The platform's goal is to remove the barriers that have traditionally driven users to move to centralized exchanges, providing a cross-chain, easy-to-use, and secure environment for storing and trading crypto assets. The platform is currently still under development but has successfully hosted Patron NFT sales, showcasing its capabilities as a decentralized exchange infrastructure.
Project BackgroundThe
introduction of the Patron NFTs is part of the Infinex governance upgrade, specifically the updates to governance 1.0 and 1.1
。 In Governance 1.0, Treasury management responsibilities are given to Treasury Seats, while Governance 1.1 aims to elect Treasury seats to ensure that Infinex has sufficient capital to fund working groups and other protocol fees. Patron NFTs are designed as a mechanism to fund the protocol, allowing users to contribute to the Infinex treasury by purchasing NFTs.
business modelInfinex's
business model revolves around providing a decentralized platform combined with fundraising through NFT sales and building community support. Patron NFTs are available in three pricing and lock-up options:
$5,000: No lock-up period, immediately transferable.
$3,000: 40% off, linear vesting over 12 months.
$1,250: 75% discount, 24 months linear vesting after 12 months lock-up
Inaddition, there is also a 3.15% supply pool (approximately 3,150 NFTs) distributed to users with 200,000 GP (possibly some kind of points system), distributed for free until the distribution is complete
,and owning Patron NFTs unlocks exclusive access and benefits within the Infinex ecosystem, Such as priority access to new features or rewards.
intellectual property rights
of Patron NFTs are waived through CC0 (Creative Commons Zero), which means that ownership of Patron NFTs does not confer any right or ownership of any Infinex-related entity, intellectual property, or revenue
NFTs are purely digital collectibles and do not represent equity or governance rights.
Controversy & Challenge:
Proposal XIP-33 acknowledges the problems with the existing token distribution incentive mechanism discussed by the community over the past year, and aims to address this by providing fair conditions for all participants, regardless of status, wealth, or brand
This is seen as a challenge to the traditional venture capital-led crypto funding model, with Infinex founder Kain Warwick criticizing the unfair incentives
offered by the existing system challenges: The main challenges include:
managing the lock-up terms of NFTs, linear unlocking mechanisms (such as unlocking one in 12 months) due to the indivisible nature of NFTs NFTs or 36.5 days to unlock an NFT) can be complex
to ensure equal opportunities in the minting process, especially between strategic purchasers and the public.
Dispose of unsold strategic buyer supplies, transfer them to public sale to avoid waste.
