Interfold's FOLD token auction sold out 24M tokens as Network Alpha launches mainnet with governance and validator participation.
Regulation & Gov ·
Interfold's FOLD token auction sold its complete 24M token allocation through a Uniswap continuous clearing auction that closed on August 19. The auction cleared at approximately 0.02241 USDC per token, settling roughly 4% above the floor price and raising approximately 532,424.93 USDC. The distributed tokens represent 2% of the total 1.2B FOLD supply.
The auction concluded as FOLD became generally transferable and Interfold's Network Alpha entered its production phase on mainnet. Half of the proceeds will support onchain liquidity—25% directed to a Uniswap pool and 25% reserved for ad hoc liquidity support—while the remaining half flows to the Interfold Foundation treasury for protocol development. Network Alpha marks the first production stage, featuring private inputs and verifiable outputs without trusted hardware requirements.
The next phase of network participation involves public ciphernode operation and confidential governance mechanisms. The timing of the token auction completion alongside mainnet launch creates immediate conditions for validator participation and governance engagement, though specific timelines and mechanics for these subsequent participation layers remain to be detailed.