Author: Virtuals Protocol
Compiled by: Deep Tide TechFlow
Early founders are often forced to invest significant personal and reputational capital before validating market demand. Traditional accelerators, venture capital, and token issuance typically require early commitments with limited feedback loops.
The 60-Day Plan Introduces an Experimental Pathway
Founders build publicly for 60 days, during which real users discover the product, and capital accumulates through transaction fees and optional Growth Allocation.
At the end of the window, founders decide whether to commit. If they commit, the tokens continue to exist, and the funds raised are unlocked over time for further growth and development. If they do not commit, the tokens are liquidated, and all raised funds are returned to the token holders.
The 60 Days Framework is Built on Five Core Principles:
- Founder Sovereignty: Founders retain complete control over whether to commit or exit at the end of the 60-day window. Nothing unlocks automatically.
- Market Testing: Demand is formed through real user behavior and voluntary support.
- Reversibility Design: Each launch begins in a fully reversible state. Shutdown is an expected and reasonable outcome, not a failure condition.
- Reputation Protection: If the project is liquidated, all raised funds are returned to supporters, preserving the founder's reputation. There are no permanent on-chain blemishes.
- Risk and Reward Alignment: Supporters back real progress, not promises. Founders can only access capital after choosing to commit. Upside and downside are transparently shared.
Mechanics of the 60-Day Plan
Each participating founder enters a 60-day public building and testing period.
During this time, founders need to:
- Regularly build and release product updates
- Engage with users and collect feedback
- Iterate, adjust direction, and publish progress reports
- Maintain transparent metrics
- Participate in community reviews
At the end of Day 60, founders must declare one of two outcomes:
- Commit: Transition to long-term development
- Do Not Commit: If the project is liquidated, all accumulated funds will be refunded
Launching 60 Days
Projects can launch public tokens using a standardized bonding curve. Tokens can be traded during the building and testing period. Pricing is dynamically adjusted based on demand. All 60 Days launches occur on the BASE network. Projects initially operate in a private pool. Once cumulative trading volume reaches 42,000 VIRTUAL, liquidity migrates to the Uniswap V2 pool for open market access.
Token holders can participate in project milestones and performance, but are still protected by the refund mechanism if the founder does not commit.
Token Economic Model
The economic model of 60 Days is primarily designed to support the long-term sustainability of founders while keeping incentives aligned with supporters.
It consists of three core components:
- Trading Tax
- Automated Capital Formation (ACF)
- Growth Allocation (GA)
Founders also receive support during the 60 days through these mechanisms.
Trading Tax
All token trades incur a 1% trading fee.
- 30% allocated to the protocol
- 70% allocated to the founder (founder trading tax)
The founder's share is locked during the trial period and only released upon commitment.
If the founder does not commit, this allocation will be redirected to the refund pool.
This mechanism rewards founders who complete the plan and prevents uncommitted launches.
Automated Capital Formation (ACF)
ACF is an automated financing mechanism that continuously allocates capital to founders based on market participation and trading activity.
- Released ACF funds are used for operational funds, infrastructure, and early expansion
- Unreleased ACF allocations remain locked and are not counted towards refund calculations until formally released
ACF allows founders to raise funds gradually without relying on traditional funding rounds.
More details about ACF can be found in the relevant documentation.
Growth Allocation (GA)
Founders can choose to open a Growth Allocation (GA) pool, funded by the sale of up to 5% of their team allocation in tokens. Participants deposit USDC in exchange for a fixed public FDV (Fully Diluted Valuation) token allocation determined by the founder.
GA funds are held in a custodial account until the commitment outcome is determined, and if the founder does not commit, they will be fully refunded.
If the founder commits, the funds in the Growth Allocation (GA) pool are subject to a six-month vesting period. After commitment, GA tokens are released linearly over the 6-month vesting period.
If the founder does not commit, all GA funds will be refunded, and the vesting is canceled. This structure protects founders and early supporters from short-term speculation.
Allowance Mechanism
To support founders during the 60 days, founders will receive an allowance. After every 30 days (on Day 30 and Day 60), founders will receive 10% of the current collected funds (from trading tax revenue and released ACF), capped at 5,000 USDC.
Example: Day 30 Calculation:
- Total collected funds from founder trading tax revenue and any released ACF: 35,000 USDC
- 10% calculation: 35,000 × 0.10 = 3,500 USDC
- Cap check: 3,500 < 5,000 cap
- Founder allowance payment: 3,500 USDC
Day 60 Calculation:
- Total collected funds from founder trading tax revenue and any released ACF: 58,000 USDC
- 10% calculation: 58,000 × 0.10 = 5,800 USDC
- Cap check: 5,800 > 5,000 cap
- Founder allowance payment: 5,000 USDC (capped)
Reaching Day 60: Outcomes
Handling Founder Commitment
Founders can choose to commit at any time during the 60-day trial period. Early commitment is allowed once sufficient traction and validation are achieved.
If the Founder Commits:
- Founder trading fee allocation is immediately released to the founder's wallet
- Released ACF funds are unlocked
- Growth allocation (if any) vesting plan begins
- Participant allocations come into effect
- Long-term infrastructure and distribution support are activated
- The project transitions to ongoing development
Commitment indicates that the founder is ready to pursue long-term execution and accountability.
Proportional Distribution of Growth Allocation
Allocations are distributed proportionally based on each participant's contribution to the growth allocation pool. If the pool is oversubscribed, allocations will be distributed proportionally, and any unused USDC will be automatically refunded.
Proportional Distribution Calculation
Each participant receives a proportional allocation based on their USDC contribution:
Example
Available growth allocation pool: 50,000 tokens
GA token price: 0.20 USDC per token
Maximum possible raise: 50,000 × 0.20 = 10,000 USDC
Total USDC committed by all participants: 15,000 USDC
Participant Contribution Example
Alice, commits 5,000 USDC | Requests 25,000 tokens at 0.20 price
Bob, commits 4,000 USDC | Requests 20,000 tokens at 0.20 price
Carol, commits 3,500 USDC | Requests 17,500 tokens at 0.20 price
Dave, commits 2,500 USDC | Requests 12,500 tokens at 0.20 price
Total: 15,000 USDC | Requests 75,000 tokens
Since participants requested 75,000 tokens but only 50,000 tokens are available, the pool is oversubscribed by 150% (75,000 ÷ 50,000).
All participants will receive tokens at the same fixed price of 0.20 USDC per token.
Proportional Distribution Example
Alice:
Proportion: 5,000 ÷ 15,000 = 33.33%
Token allocation: 50,000 × 0.3333 = 16,667 tokens
USDC used: 16,667 × 0.20 = 3,333
Refund: 1,667 USDC
Bob:
Proportion: 4,000 ÷ 15,000 = 26.67%
Token allocation: 50,000 × 0.2667 = 13,333 tokens
USDC used: 13,333 × 0.20 = 2,667
Refund: 1,333 USDC
Carol:
Proportion: 3,500 ÷ 15,000 = 23.33%
Token allocation: 50,000 × 0.2333 = 11,667 tokens
USDC used: 11,667 × 0.20 = 2,333
Refund: 1,167 USDC
Dave:
Proportion: 2,500 ÷ 15,000 = 16.67%
Token allocation: 50,000 × 0.1667 = 8,333 tokens
USDC used: 8,333 × 0.20 = 1,667
Refund: 833 USDC
Handling Founder Non-Commitment
If the Founder Does Not Commit:
- Trial period ends
- Liquidity pool is emptied
- Token issuance stops
- Refund mechanism is triggered
- Accumulated funds are distributed to eligible holders
In this case, the project is officially closed within the 60 Days framework, and no further capital will be released.
Refund Mechanism
If the founder does not commit, the remaining funds will be distributed from the accumulated funds pool to eligible token holders.
Accumulated Funds Come from Three Sources:
Accumulated funds = Released ACF funds + Founder trading tax + Remaining $VIRTUAL in LP
Founder trading tax = 70% of the collected 1% trading fee
How Refunds are Calculated
Total refunds consist of funds from two sources:
Refund from Released ACF Funds and Founder Trading Tax
This portion is calculated from the released ACF funds and the founder trading tax (i.e., 70% of the collected token trading fees). Your share is based on your proportion of the eligible holdings:
Refund (Released ACF + Founder Trading Tax) = (Your Token Holdings / Eligible Holdings) × (Released ACF Funds + Founder Trading Tax)
Refund from the Liquidity Pool ($VIRTUAL)
This portion is calculated from the remaining $VIRTUAL in the liquidity pool (LP). Your share is based on the total eligible holdings, including the team's initial purchase:
Refund (LP $VIRTUAL) = (Your Token Holdings / Eligible Holdings (including Team's Initial Purchase)) × Remaining $VIRTUAL in LP
Eligible Holdings
Only the following balances are included in the refund calculation:
- Tokens purchased through public issuance
- Ecosystem airdrops held at the time of the snapshot
Not Included in the Refund
The following are not included:
- Team reserved tokens
- Unreleased ACF allocations
- Tokens from buybacks
Tokens obtained from the team's initial purchase are only eligible for refunds from the liquidity pool portion and do not receive ACF or trading fee refunds.
Important Notes
⚠️ Refunds are proportionally distributed based on relative ownership at the time of the snapshot.
⚠️ Full refunds are not guaranteed as fund balances may change during the 60-day period.
⚠️ Please review project details and risks before participating.
Refunds depend on available funds and do not guarantee full refunds.
Reducing Risks in Market Building
For credible AI founders, issuing tokens has historically required disproportionate reputational exposure. Traditional models force early, irreversible commitments before product-market validation is complete. Once launched, expectations solidify, capital is immediately unlocked, and reputational consequences persist regardless of the outcome.
This dynamic hinders serious builders.
60 Days aims to substantially reduce this risk.
It creates a structured experimental window where experimentation is expected, reversibility is built-in, and commitment remains voluntary. Founders can test distribution, validate demand, and iterate quickly without permanently anchoring their reputation to an unfinished product. Capital accumulates transparently, but access to that capital still depends on a clear commitment decision.
For high-level AI teams, whether building agent infrastructure, robotic systems, or coordination layers, this is crucial. It allows them to leverage crypto-native distribution and monetization methods without incurring irreversible downside risks at the earliest stages of research and product development.
In turn, supporters back observable progress rather than static commitments. If confidence strengthens, the project transitions to ongoing development. If confidence wanes, funds are returned, and reputational damage is minimized.
60 Days redefines tokenization from a one-way issuance event to a reversible experimental framework.
In doing so, it aligns capital formation with the way serious AI innovation actually occurs: iteratively, publicly, responsibly, and conditionally.
aGDP.
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