FOLD Auction: The Interfold Launch Sequence Begins

The Interfold is entering its launch phase, beginning with the FOLD auction.

The auction marks the first major public milestone in the Interfold mainnet launch sequence: a staged rollout toward token-based network economics, scheduled FOLD transferability, and Network Alpha.

The Interfold is a distributed network for confidential coordination. It lets companies, institutions, and communities compute together, even in competitive or adversarial settings: each party keeps its inputs private, while everyone can verify the result is correct.

The FOLD auction begins the launch sequence. Token transferability and Network Alpha follow as separate milestones, with timing and participation details defined by the official launch materials.

Important: the auction is not live yet. Official registration links, auction details, and contract information will be shared only through verified Interfold channels. Any current link claiming access to FOLD tokens, registration, verification, or the auction should be treated as fraudulent.

Here’s what to know before registration opens.

1. Launch timeline

The Interfold launch is a sequence, not a single event.

Over the past year, the Interfold has moved from protocol development and controlled testing toward public network rollout. This launch sequence begins the transition from internal validation to public participation: first through FOLD distribution, then through network participation and the planned rollout of Network Alpha.

The current timeline is expected to proceed as follows:

• July 6–7: Registration and verification window
• July 8–9: FOLD Continuous Clearing Auction (CCA) on Uniswap
• After the CCA: 40-day cooldown, during which general transfers are restricted, though FOLD may be used for ciphernode bonding
• August 19: scheduled FOLD transferability, subject to official sale terms
• Network Alpha: planned rollout as the launch sequence progresses

These milestones are connected, but distinct.

CCA ≠ TGE ≠ Network Alpha.

The CCA is the initial public auction for FOLD. Token transferability follows after the 40-day cooldown, during which time transfers are restricted to ciphernode bonding only. Network Alpha is the first coordinated phase of the Interfold network and is expected to roll out as the launch sequence progresses, subject to operational readiness.

Network Alpha is not live today, and production ciphernode participation is not yet open. The protocol has been developed and tested in controlled environments, with additional details on Network Alpha covered below.

2. The FOLD auction

The initial public distribution of FOLD will take place through a Continuous Clearing Auction (CCA), a price-discovery mechanism built on Uniswap infrastructure.

Registration opens July 6, with the FOLD auction happening July 8–9 on Uniswap.

The auction runs across multiple discrete periods. Participants may submit either market orders or capped orders, and successful participants in each period pay the same clearing price. This structure is intended to support market-driven price discovery, reduce gas competition, and limit last-minute sniping dynamics that can distort auction outcomes.

The auction will be accessible through the Uniswap web app and is expected to follow two 48-hour windows:

• Registration and verification: July 6–7
• Auction: July 8–9

Before participating, review the official auction materials:

• Auction FAQ
• Token FAQ
• FOLD tokenomics
• official auction links and contract details, once available

The auction is available to eligible participants, subject to jurisdiction, verification, AML/sanctions screening, and other applicable restrictions. Additional restrictions may apply based on jurisdiction, residence, citizenship, entity status, sanctions screening, or other legal requirements.

All participants must complete KYC through Predicate, Interfold’s third-party verification provider, to verify their jurisdiction and screen for AML/sanctions.

The official auction FAQ is the source of truth for participation requirements, eligibility, and verification details:

3. Cooldown and transferability

Tokens purchased through the FOLD auction will be subject to a 40-day cooldown after the auction closes and tokens are distributed.

During this period:

• general transfers are restricted
• FOLD may be used for ciphernode bonding
• transferability is scheduled after the cooldown concludes.

FOLD transferability is scheduled for August 19, subject to official sale terms. After the cooldown period ends, general transferability is expected to begin. Exact TGE timing and related launch framing will be confirmed through official Interfold channels.

4. FOLD tokenomics

FOLD has a total supply of 1.2 billion tokens.

Key tokenomics for launch participants:

• Total supply: 1.2B FOLD
• CCA allocation: 10% of total supply / 120M FOLD
• Circulating supply at TGE: up to approximately 26%, depending on the auction clearing price
• CCA transferability: general transferability expected after the 40-day cooldown period

Full distribution and unlock details are available in the FOLD tokenomics docs:

5. What FOLD does

FOLD supports the economic operation of the Interfold network.

Its expected roles include:

• Ciphernode bonding: Ciphernode operators bond FOLD to become eligible for network duties. Bonded FOLD remains locked while the operator is registered and may be subject to withdrawal periods and penalties for provable misbehavior or failure to fulfill assigned responsibilities.
• Protocol incentives: Alongside a share of protocol fees, ciphernode operators may receive FOLD incentives for successfully completing protocol-defined duties as members of an E3 committee.
• Governance: FOLD holders will be able to participate in governance decisions through the Interfold DAO. Governance may include network parameters, protocol upgrades, and treasury administration.

Governance is expected to use a secret-ballot application powered by the Interfold. Additional governance details will be published separately.

For current operator materials, see the ciphernode docs:

6. Network Alpha and early applications

What is Network Alpha?

Network Alpha is the first coordinated mainnet phase of The Interfold.

It is expected to begin with early ciphernodes, initial integrations, E3 execution flows, and production validation in a closely coordinated rollout. The network is designed to be permissionless, but early operation requires close coordination with node operators as the system is monitored under real conditions.

Network Alpha is the first coordinated mainnet phase of The Interfold and remains subject to operational readiness.

What is currently live?

Network Alpha is not live today.

Current testnet and operator materials are available for experimentation. Testnet participation is not currently incentivized and does not guarantee any future role in Network Alpha.

The network is designed for permissionless operator participation. Production requirements, bonding mechanics, and operator guidance will be published as the rollout progresses.

Early application: Secret ballots with Aragon

An early example of the Interfold in practice is CRISP, a secret ballot protocol for digital decision-making built on the Interfold and the Aragon OSx stack.

CRISP secret ballots enable participants to submit encrypted votes while a committee of independent ciphernodes coordinates a verifiable tally without exposing individual ballots.

The result is a secret-ballot system with:

• client-side encryption
• no trusted tallier
• coercion resistance
• a verifiable public result

Aragon is an early governance partner for The Interfold. More on this collaboration here.

7. What’s next?

The FOLD auction is not live yet.

Before the registration and verification window opens, participants should:

• read the Auction FAQ and Token FAQ
• review the FOLD tokenomics doc
• follow @theInterfold for official updates and links
• review ciphernode materials if interested in future operator participation
• join the Interfold Telegram to ask questions
  

Important: Official auction links, registration instructions, eligibility requirements, and contract details will be shared only through verified Interfold channels. Any current link claiming access to FOLD tokens, registration, verification, or the FOLD auction should be treated as fraudulent.

The FOLD auction is the first major public milestone in The Interfold launch sequence. Before participating, review the official Auction FAQ, Token FAQ, and FOLD tokenomics. Official registration links and contract details will be shared only through verified Interfold channels.

Important Information

The FOLD auction, TGE, token 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 is subject to eligibility requirements, jurisdictional restrictions, verification procedures, AML/sanctions screening, and other applicable restrictions. Participation may be restricted in certain jurisdictions.

Issuer notice. The FOLD auction will be conducted by Interfold Ltd. (the “Issuer”). Participation in the FOLD auction will be 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 starting price or starting FDV for the auction does not represent any projection, estimate, or guarantee of FOLD’s actual price or value.

Read the full FOLD Auction Terms.