FOLD / PROTOCOL NOTES
Simple rules.
Explicit assumptions.
Pre-launch prototype. These are local contracts and an interactive demonstration. No FOLD mainnet token, funded treasury, approved allocation, external audit or operating revenue exists. The working name has not been cleared.
What you hold
FOLD represents a redeemable share of an ETH reserve. The treasury cannot trade, lend, stake, buy tokens, pay an administrator or change the exit fee. Each token carries an equal claim on the same reserve. There are no staking rewards and no further minting.
| Parameter | Implemented rule |
|---|---|
| Initial supply | 1,000,000,000 tokens · 18 decimals |
| Reserve asset | Native ETH only |
| Redemption | 98% paid, 2% retained; rounding stays in reserve |
| Control | No treasury owner, pause, upgrade or parameter setter |
| Exit protection | Minimum ETH and transaction deadline |
| Launch target | Robinhood Chain · ID 4663 · not deployed |
How an exit settles
- Approve exactly the amount of FOLD you want to surrender.
- Review the quote and gas. The browser rechecks the chain, contracts, wallet and reserve before submission.
- The treasury attempts a bounded collection of credited native-ETH fees. A collection failure leaves the existing pot available.
- Calculate the gross share, retain 2%, send the tokens permanently to the dead address and transfer ETH to the recipient.
- If the minimum, deadline, token transfer or ETH payment fails, the transaction reverts. Gas is still spent.
gross = floor(amount × reserve / effectiveSupply)
net = floor(gross × 9800 / 10000)
retained = gross − net
With 100 ETH and 1B outstanding tokens, surrendering 100M returns 9.8 ETH and retains 0.2 ETH. The remaining 900M tokens share 90.2 ETH. ETH per token rises; market price and dollar value can still fall.
Supply and the final redemption
Effective supply includes market inventory, liquidity and locked allocations. Tokens at the dead address and stray tokens at the treasury are excluded. Sending tokens directly to the treasury forfeits them without a payout; use redemption. After all outstanding tokens are surrendered, retained ETH is inaccessible forever. There is no administrator escape hatch.
Revenue is a dependency
A Pons native-ETH launch can designate the treasury as its creator fee recipient. Fees need to be swept from the curve or hook into the escrow before collect() can claim them. Unswept or unclaimed fees are excluded from the displayed reserve and quote. The treasury does not execute price-sensitive conversions or guarantee operator sweeps.
Independent products can send actual earnings to FoldRevenueRouter. Its treasury/operator split and recipients are immutable. Both sides have separate pull claims, isolating a failed recipient. The router cannot withdraw treasury principal. Its split is selected at deployment; the 20% split in tests is not approved tokenomics.
Token and launch choices
FoldToken is a standalone implementation that mints its entire supply to the constructor's distribution address. This is not a fair-launch allocation. Pons creates its own token; a Pons launch instead binds the treasury to that reviewed token. Do not try to import FoldToken into the Pons factory. Allocation, seed backing, fee registration, taxes, vesting and launch transactions need a release review.
FoldGenesisLock is optional, with an immutable beneficiary and release timestamp. There is no early withdrawal or cliff modification. A lock contract alone does not prove any tokens have been deposited.
What has not been proven
- Demand, sustainable revenue or an advantage over UFG.
- Independent audit, FOLD deployed-bytecode verification or native-chain transaction execution.
- Launch-factory integration, fee-recipient continuity or sweep-operator availability.
- Complete wallet/browser compatibility and real transaction confirmation.
External tokens must have fixed supply, standard transfers and no privileged confiscation. Detecting some incompatible behavior does not make an arbitrary token safe. An immutable treasury cannot patch itself after a defect is found.
Read the source
References
FOLD is independently written and inspired by UFG. Its reference mechanism is described in UFG's documentation. Fee interfaces and sweeping restrictions come from Pons V2. No partnership or endorsement is implied.