BlockchainFX started two BFX token auctions on Uniswap on August 31 instead of launching BFX trading as it had advertised for that date.
The project repeatedly advertised before the launch that BFX would launch at 3:00 PM UTC, with its website listing a $0.05 exchange price, while telling investors their BFX would be available to claim at that time.
After the deadline, BlockchainFX said in an X post that “$BFX IS LIVE ON UNISWAP” and linked to two BFX auctions, one against USDC and another against ETH. In the same announcement, the team said BFX/USDC would go live 24 hours later, and BFX/ETH would go live in 30 days, calling the arrangement a “staged launch.”
BlockchainFX also changed the condition for token claims. It said holders will be able to claim their purchased BFX only “once the Uniswap liquidity pool (LP) has been fully completed.”
The team did not provide an exact claim date. With the BFX/ETH stage scheduled 30 days after August 31, the announced liquidity rollout extends to September 30. BlockchainFX has not clarified whether claims will open after the first pool is completed or only after the full liquidity process, including the BFX/ETH stage.
BlockchainFX Opens Two Uniswap Auctions
The Uniswap links posted by BlockchainFX do not currently open conventional BFX markets where users can swap BFX against USDC or ETH.
They open Uniswap Continuous Clearing Auctions, or CCAs.
A CCA is a token auction used for price discovery and liquidity formation. Participants choose a maximum budget and the highest valuation they are prepared to accept. Tokens are distributed progressively at a clearing price calculated by the auction.
After the auction, its proceeds can be used to establish liquidity in a Uniswap v4 pool. Uniswap describes the system as a way for token issuers to distribute tokens and bootstrap liquidity before conventional pool trading.
The BFX/USDC auction was configured with a $0.05 floor price, matching the exchange listing price BlockchainFX advertised before launch.
BlockchainFX Advertised an August 31 BFX Launch
BlockchainFX did not describe this auction structure in the pre-launch announcements.
In its promotional content before the token launch, the team said “$BFX officially launches” on August 31, and that BFX would “go live” at that time.
The messaging continued until the final hours of the presale. On August 30, BlockchainFX posted “24 HOURS UNTIL LAUNCH!” and told followers that BFX would launch the following day at 3:00 p.m. UTC.
BlockchainFX's website also listed a $0.05 “Exchange Listing Price” and described the planned launch venues as “Uniswap and CEX.”
The project’s pre-August 31 public materials did not mention a “Continuous Clearing Auction” or say that the project would begin with a 24-hour auction before BFX/USDC trading.
The $0.05 price remains reflected in the auction floor, but regular trading and token claims did not begin at the advertised launch time.
What Is BlockchainFX?
BlockchainFX is a multi-asset trading project that says its platform supports more than 500 markets across cryptocurrencies, stocks, forex, commodities, and ETFs. The project released a beta version of its trading platform before the BFX launch. BFX is its Ethereum-based token, which BlockchainFX says will be used for staking and rewards.
BlockchainFX began its BFX presale in March 2025 and says it has raised more than $15 million from token sales. The project also offered token bonuses throughout the presale, including an 80% bonus promoted during the final days before the August 31 launch.
