There’s an important detail most people miss when talking about @infinex.
The only way to assign value to µPatrons is by indexing them to the floor price of Patron NFTs, since 1,000,000 µP = 1 Patron NFT.
With the current floor at $5.7K, that means 1 µP = $5.7K / 1,000,000 = $0.0057.
The Yaprun campaign will distribute 1,000 Patron NFTs, that’s 1B µP, worth around $5.7M ~ $6M.
But here’s the key point: less than 2% of the total Patron NFTs are in circulation.
About 41,000 were sold during a public sale a few months ago, raising $65M in total, meaning the average price per NFT was around $1,600.
This also explains why most NFTs are locked, if they bought at $1,600 and the current floor is $5.7K, that’s a 75% discount, but locked for 3 years.
It makes sense, since the current floor reflects only the fully unlocked portion sold during the public sale.
There’s still time before the remaining supply unlocks, but be aware: massive dilution is coming in the long term. The current price doesn't reflect what a 100K-supply collection truly means.
That said, the project is still very solid, and I definitely recommend taking a closer look, the team is strong.