Infinex Research Document

The Chinese community talks too little about this project; I believe a good project should not be overlooked.

This project can be regarded as a web3 aggregator, which includes swapping, cross-chain, wealth management, and future trading functionalities.

Does it sound similar to Cex? But the biggest difference is that it has self-management capabilities through Passkey (Apple's facial recognition), which prevents phenomena like rug pulls on certain exchange platforms.

Currently, Infinex does not have VC financing; their financial source comes from the sale of their Patron NFTs. They raised $67.7 million through the sale of Patron NFTs, among which the buyers include many familiar names such as Vitalik Buterin (Ethereum founder), Anatoly Yakovenko (Solana co-founder), Stani Kulechov (Aave founder), and a series of VCs.

But currently, it is quite amusing that these sharp-eyed VCs seem to have been 'cut' by Infinex, as the cost to synthesize NFTs through GT later is only $3,000, while the previous cost to sell NFTs was $5,000. In simple terms, if you believe in this project, you can now obtain this NFT at a lower cost than the VCs!

Back to the point:

So how can you participate in this project?

The activity you can currently participate in is their Bullrun event, which is not expensive; you only need to deposit an asset worth 50 USDT to their app.infinex.xyz website. You can log in using your mobile phone and start playing. The suggestion is to deposit USDE because they offer a relatively high interest rate of 30%. Additionally, when distributing ENA, they gave each user an extra 15% ENA in the last round, which is quite good.

Bullrun Rules:

1. This is a card game that includes the top 30 cryptocurrencies by market value!

2. Every day, you need to choose 5 cryptocurrencies based on the cards you have. The increase/decrease of each cryptocurrency on that day is your score. For example, if today I choose ETH and it rises by 1%, I will get 100 points. If it falls, I will get -100 points. Note that we need to sum the scores of all 5 cards.

3. In certain special situations, if it is a black swan event, you can win with negative points, because if everyone has negative points, you can win with the highest negative points!

4. You can choose the same two cards among the 5 cards.

, however, you will be penalized by 50%. For example, if you choose two ETH cards and today ETH's increase is 1%, your original score would be 100 + 100, but due to the penalty, the score of your second ETH card would become 100 + 100 * 0.5 = 150 points.

5. Only the top 1,000 players in daily rankings can receive the distribution of 1Mbulls!

6. You can change your 5 cards at any time until the next round starts.

The reason why I am strongly promoting this project is that it is really quite niche. The total number of participants in Bulls is no more than 3,000, and currently, it is capped at 2,707 people. Instead of competing with those many smaller projects, it is better to truly experience Defi's web3. In the future, decentralization is inevitable, and Defi is unstoppable! I believe Infinex is the closest decentralized aggregator to Binance, and my experience has been particularly great! I believe it will be the next Hyperliquid!