FOLD is the governance and revenue-share token for the Manifold Finance protocol.
FOLD is a low-cap asset that represents the blockchain`s native currency or monetary fee used to execute transactions on the network. This asset is exposed to the underlying risks of Manifold, a protocol rated as Watch out.
FOLD has a fixed supply.
FOLD is highly correlated to the overall market.
FOLD is the governance token for Manifold that can also be staked (xFOLD) to earn a portion of platform revenue.
FOLD has a fixed supply of 2M tokens. FOLD was sold through one private and one public sale round. The private sale sold 1M tokens (50% of supply) while the public sale sold 50K tokens. Over 70% of the supply is already in circulation, with ~35% currently being staked.
FOLD accrues value as it can be staked to receive a portion of all platform revenue. As more users stake, this also serves to reduce the circulating supply and has a deflationary impact on the price. As Manifold integrates with more DeFi projects, more revenue will accrue to the platform and thus to xFOLD holders.