The FOLD Auction

This FAQ is about FOLD Auction 2, the second public FOLD auction. It is for people who took part in the auction or who must claim FOLD after it. The questions are in four groups: the auction itself, participation, claiming and transferability, and safety.

Auction 2 at a glance

About the auction

What is FOLD Auction 2?

FOLD Auction 2 was the second public FOLD auction. It used the Uniswap Continuous Clearing Auction mechanism.

It followed the initial FOLD Auction, which was held July 8–10, 2026.

Auction 2 was intentionally limited to 2% of total FOLD supply. It was held around the transition to general FOLD transferability. Its purpose was to broaden distribution and help bootstrap deeper, longer-term on-chain liquidity.

Why was there a second FOLD Auction?

Auction 2 was a limited distribution step before general FOLD transferability on Aug 19.

It was intentionally small at 2% of total FOLD supply. It began with a floor that matched the clearing price of the first FOLD Auction.

The auction gave a transparent, public mechanism for additional distribution before FOLD became generally transferable. It also supported long-term on-chain liquidity.

50% of proceeds were committed to long-term on-chain liquidity support.

Auction 2 closed shortly before general FOLD transferability was enabled.

What happened in the first FOLD Auction?

The initial FOLD Auction ran from July 8–10, 2026. It used the Uniswap Continuous Clearing Auction mechanism.

The first auction is complete. Its clearing price was 0.02154816 USDC / FOLD, which is also the floor for FOLD Auction 2.

Participants from the first auction can continue to access claiming and post-auction information through the official Interfold auction page (opens in a new tab).

What is a Uniswap Continuous Clearing Auction?

A Continuous Clearing Auction (CCA) is a price-discovery mechanism for token distribution. It is built on Uniswap infrastructure.

• The auction runs across multiple discrete periods.
• Participants submit bids through the official Uniswap CCA interface.
• Successful bids within a period clear at the same clearing price.
• The minimum price for each subsequent period is the greater of the original floor price or the clearing price of the previous period.
• The minimum price may rise in later periods. It does not fall below the applicable prior clearing price or the original floor.
• Any tokens not distributed earlier remain available in the final period.

The CCA distributes tokens progressively and applies a uniform price within each period. This design is intended to reduce gas competition, mitigate sniping, and let clearing prices develop through auction participation.

Read more about Uniswap CCAs (opens in a new tab).

Did the auction determine the price of FOLD after transferability?

No. The auction determined allocations and a clearing price within the auction itself. It did not determine the market price of FOLD when general transferability began.

Future market prices cannot be predicted.

Participation

How did participation work?

1. Participants went to the official FOLD Auction page (opens in a new tab).
2. They followed the verified link to the Uniswap CCA interface.
3. They completed the required verification process through the official flow.
4. They submitted bids during the auction window.
5. After the auction closed, they could claim any allocated FOLD and unspent USDC through the verified auction interface.

Participants needed USDC on Ethereum Mainnet. They had to review the auction terms and eligibility requirements before they took part.

Who could participate?

Participation was available to eligible participants. It was subject to jurisdiction, identity verification, AML and sanctions screening, and other applicable restrictions.

The official verification process determined eligibility. The auction terms governed eligibility.

Completing verification did not guarantee eligibility or an allocation.

Was KYC required?

Yes. Participants had to complete identity verification through the official verification process before they took part.

The verification process determined eligibility and did applicable AML and sanctions screening.

Participation was subject to the auction terms and applicable restrictions.

Claiming and transferability

When can participants claim FOLD?

Claiming was scheduled to open immediately after the auction closed.

Participants claim allocated FOLD and any unspent USDC through the verified auction interface.

Claiming and general FOLD transferability are separate actions.

When did general FOLD transferability begin?

FOLD Auction 2 closed Aug 19 at 13:06 UTC (9:06 AM ET).

General FOLD transferability could be enabled shortly afterward, at or after 14:00 UTC (10 AM ET).

At or after Unix timestamp 1787148000, anyone could call the tge() function on the FOLD contract to enable general transferability. The TGE transaction was executed on Aug 19, 2026 at 14:00:23 UTC. tgeTimestamp() returns 1787148023. FOLD is now generally transferable.

FOLD Auction 2, claiming, general FOLD transferability, and Network Alpha are distinct milestones within the broader Interfold launch sequence. For details, see FOLD Transferability.

Safety

How do I know I’m using the official auction?

Use only auction, claiming, verification, and support links published through official Interfold channels.

Official Interfold channels are:

• Interfold auction page (opens in a new tab)
• Interfold website (opens in a new tab)
• Interfold X account (opens in a new tab)
• Interfold documentation (opens in a new tab)

Do not trust:

• Auction, claiming, or support links sent through unsolicited DMs.
• Copied token or contract addresses from unofficial sources.
• Impersonator accounts.
• Private wallet-connection links.
• Requests for your seed phrase, private key, or wallet backup.
• Requests for payment in exchange for support.

Important Information

FOLD Auction 2, general FOLD transferability, and Network Alpha are distinct parts of the launch sequence.

Official information will be published only through Interfold’s verified channels.

Eligibility notice. Participation in the FOLD auction was subject to eligibility requirements, jurisdictional restrictions, verification procedures, AML/sanctions screening, and other applicable restrictions. Participation could be restricted in certain jurisdictions.

Issuer notice. The FOLD auction was conducted by Interfold Ltd. (the “Issuer”). Participation in the FOLD auction was subject to the official Auction Terms, eligibility requirements, and verification procedures.

No advice / risk notice. Nothing in this communication constitutes legal, tax, financial, investment, or other professional advice. The auction floor does not represent any projection, estimate, or guarantee of FOLD’s actual price or value.

Read the full FOLD Auction Terms (opens in a new tab).

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