"Seven days without reason?" Virtuals introduced the “60 Days” scheme, with the founders enjoying the right to exit without prejudice

By Virtuals Protocol

: Deep tide TechFlow

Early founders are often forced to invest large amounts of personal and reputational capital before validating market demand. Traditional accelerators, venture capital and token issuance usually require early commitment and limited feedback cycles。

The 60-day plan introduced an experimental path

The founders publicly built 60 days during which real users discovered products and capital accumulated through transaction fees and optional growth allocations。

At the end of the window period, the founder decides whether to commit. If they commit themselves, tokens continue to exist and the funds raised are unlocked over time for further growth and development. If they do not commit themselves, the currency is cleared and all funds collected are returned to the bearers。

The Days framework is based on five core principles:

1. The founding fathers' sovereignty: The founder retains full control over whether to commit or withdraw at the end of the 60-day window period. Nothing's automatically unlocked。
2. Market tests: Demand is generated through real user behaviour and voluntary support。
3. Reversible design: Each start starts in a fully reversible state. Closure is an expected and reasonable result, not a condition for failure。
4. Protection of credibilityIf the project is closed, all funds raised are returned to the supporters and the founders ' reputation remains intact. There is no permanent stain on the chain。
5. Risks are in line with returns: Supporters support real progress, not promises. The founders only get access to capital when they choose to promise. The top and bottom lines are shared transparently。

Mechanisms for the operation of the 60-day plan

Each participant's founder entered a 60-day public construction and testing period。

During this period the founders need:

• Periodically build and publish product updates
• Interact with users and collect feedback
• Rectification, reorientation and publication of progress reports
• Maintain transparent indicators
• Participation in community reviews

At the end of the 60th day, the founder must state one of two outcomes:

• Commitments_: transition to long-term development
• Non-commitment: If the project is cleared, all accumulated funds will be returned

Start 60 days

The project can start open tokens using a standardized joint curve (bunding curve). Currency may be traded during construction and testing. Pricing adjusted to demand dynamics. All 60 Days start up on BASE network. The project was initially run in a private pool. Once the cumulative volume of transactions reaches 42,000 VIRTUAL, liquidity moves to Uniswap V2 ponds to open market access。

Currency holders can participate in project milestones and performance but are protected through a refund mechanism if the founders do not commit to it。

Currency economic model

The Days economic model is primarily designed to support the long-term sustainability of the founders while remaining consistent with the motivation of supporters。

It consists of three core components:

• Trading Tax
• Autocapital formation (ACF)
• Growth Distribution

The founders were also supported during the 60-day period through these mechanisms。

Transaction tax

All token transactions generate 1% of the transaction fee。

• 30% allocated to agreements
• 70% allocated to founders (founder transaction tax)

The founder ' s share was locked during the trial and only released after the commitment。

If the founderNon-commitment, this allocation will be redirected to the refund pool。

This mechanism rewards the founders of the completion plan and prevents uncommitted start-up。

AUTOCAPITAL FORMATION (ACF)

ACF IS AN AUTOMATED FINANCING MECHANISM THAT ALLOCATES CAPITAL CONTINUOUSLY TO THE FOUNDERS BASED ON MARKET PARTICIPATION AND TRADING ACTIVITIES。

• RELEASED ACF FUNDS FOR OPERATING FUNDS, INFRASTRUCTURE AND EARLY EXPANSION
• UNRELEASED ACF ALLOCATIONS REMAIN LOCKED AND ARE NOT INCLUDED IN REFUND CALCULATIONS UNTIL FORMAL RELEASE

ACF ENABLES THE FOUNDERS TO GRADUALLY RAISE FUNDS WITHOUT RELYING ON TRADITIONAL FINANCING CYCLES。

MORE DETAILS ABOUT ACF CAN BE FOUND IN THE RELEVANT DOCUMENT。

GROWTH DISTRIBUTION (GA)

THE FOUNDERS CAN CHOOSE THE OPEN GROWTH ALLOCATION (GA) POOL, WHICH IS FINANCED BY THE SALE OF UP TO 5 PER CENT OF THEIR TEAM'S ALLOCATIONS. PARTICIPANTS ARE PLACED IN USDC IN EXCHANGE FOR A FIXED OPEN FDV (TOTAL DILUTION VALUATION) TOKEN ALLOCATION DECIDED BY THE FOUNDER。

GA FUNDS ARE HELD IN A TRUST ACCOUNT UNTIL THE OUTCOME OF THE COMMITMENT IS DETERMINED, IF THE FOUNDERNon-commitmentthenFull returnI don't know。

IF THE FOUNDERS COMMITTED THEMSELVES TO THE GROWTH DISTRIBUTION (GA) POOL, THE FUNDING WOULD BE SUBJECT TO A MANDATORY ATTRIBUTION PERIOD OF SIX MONTHS. AFTER THE COMMITMENT, THE GROWTH ALLOCATION (GA) TOKEN WAS RELEASED LINEARLY DURING THE SIX-MONTH ATTRIBUTION PERIOD。

If the founderNon-commitmentALL GA FUNDS WILL BE RETURNED AND THEIR ATTRIBUTION CANCELLED. THIS STRUCTURE PROTECTS THE FOUNDERS AND EARLY SUPPORTERS FROM SHORT-TERM SPECULATION。

Allowance mechanism

IN ORDER TO SUPPORT THE FOUNDERS DURING 60 DAYS, THE FOUNDERS WILL RECEIVE A GRANT. EVERY 30 DAYS (THIRTY AND SIXTY DAYS) THE FOUNDER WILL RECEIVE 10% OF THE CURRENT COLLECTION OF FUNDS (FROM TRANSACTION TAX REVENUE AND RELEASED ACF) UP TO A CEILING OF 5,000 USDC。

Example: 30th day calculation:

• TOTAL COLLECTED FUNDS FROM THE FOUNDERS ' TRANSACTION TAX REVENUE AND ANY RELEASED ACF: 35,000 USDC
• 10% Calculate: 35,000 & times; 0.10 = 3,500 USDC
• upper limit check: 3,500 & lt; 5,000
• FOUNDER ' S ALLOWANCE PAYMENTS: 3,500 USDC

Day 60 calculation:

• TOTAL COLLECTED FUNDS FROM THE FOUNDERS ' TRANSACTION TAX REVENUE AND ANY RELEASED ACF: 58,000 USDC
• 10% Calculate: 58,000 & times; 0.10 = 5,800 USDC
• upper limit check: 5,800 & gt; up to 5,000
• FOUNDER ' S ALLOWANCE PAYMENTS: 5,000 USDC (CEILING)

60 days: result

Dealing with the commitment of the founders

The founder can choose the commitment at any time during the 60-day trial period. Advance commitments are allowed once they are sufficiently attractive and validated。

If the founder commits:

• The founder's transaction fee allocation is immediately released to the founder's wallet
• RELEASED ACF FUNDS UNLOCKED
• Growth distribution, if any, begins with attribution plans
• The distribution of participants becomes effective
• Activating long-term infrastructure and distributing support
• Project transition to ongoing development

The commitment demonstrates that the founders are ready to pursue long-term implementation and accountability。

Proportional distribution of growth distribution

DISTRIBUTION IS PROPORTIONAL TO THE CONTRIBUTION OF EACH PARTICIPANT TO THE GROWTH DISTRIBUTION POOL. IF THE POOL IS OVERSUBSCRIBED, THE ALLOCATION WILL BE PRORATED AND ANY UNUSED USDC WILL BE RETURNED AUTOMATICALLY。

Proportional distribution calculation

EACH PARTICIPANT IS ALLOCATED PROPORTIONALLY ACCORDING TO HIS USDC CONTRIBUTION:

Example:

Available growth distribution pool: 50,000 tokens

GA CURRENCY PRICE: 0.20 USDC PER COIN

Maximum possible mobilisation: 50,000 & Times; 0.20 = 10,000 USDC

TOTAL COMMITTED BY ALL PARTICIPANTS

Example of participant contributions

Alice, promise 5,000 USDC | to request 25,000 coins at 0.20

Bob, promise 4,000 USDC | to request 20,000 coins at 0.20

Carol, promise 3,500 USDC | to request 17,500 coins at 0.20

Dave, promise 2,500 USDC | to request 12,500 coins at 0.20

TOTAL 15,000 USDC | REQUEST 75,000 DCOS

since participants requested 75,000 tokens, but only 50,000 were available, the pool oversubscribed 150 per cent (75,000 & divide; 50,000)。

ALL PARTICIPANTS WILL RECEIVE TOKENS AT THE SAME FIXED PRICE OF 0.20 USDC PER TOKEN。

Example of ratio distribution

Alice:

ratio: 5,000 & divide; 15,000 = 33.33%

coin distribution: 50,000 & times; 0.3333 = 16,667

USDC: 16,667 & Times; 0.20 = 3,333

REFUND: 1,667 USDC

Bob:

ratio: 4,000 & divide; 15,000 = 26.67%

coin distribution: 50,000 & times; 0.2667 = 13,333

USDC: 13,333 & Times; 0.20 = 2,667

REFUND: 1,333 USDC

Carol:

ratio: 3,500 & divide; 15,000 = 23.33%

coffer distribution: 50,000 & times; 0.233 = 11,667

USDC: 11,667 & Times; 0.20 = 2,333

REFUND: 1,167 USDC

Dave:

ratio: 2,500 & divide; 15,000 = 16.67%

coin distribution: 50,000 & times; 0.1667 = 8,333

USDC: 8,333 & Times; 0.20 = 1,667

REFUND: 833 USDC

The founders are not committed to dealing with the situation

If the founders do not commit:

• End of trial period
• Liquid pool cleared
• Deleting tokens
• Mechanisms to trigger refunds
• Funds accumulated are allocated to eligible holders

In this case, the project was formally closed within the framework of 60 Days and no further capital was released。

Refund mechanism

If the founders do not commit themselves, the remaining funds will be allocated from the pool of accumulated funds to eligible currency holders。

The cumulative funding comes from three sources:

ACCUMULATED FUNDS = RELEASED ACF FUNDS + FOUNDER TRANSACTION TAX + REMAINING $VIRTUAL FROM LP

Founder transaction tax = 1% of collected transaction fee 70%

How is the refund calculated

The total refund consists of funds from two sources:

REFUNDS FROM RELEASED ACF FUNDS AND FOUNDING TRANSACTION TAX

THIS PORTION IS CALCULATED FROM THE RELEASED ACF FUNDS AND THE FOUNDER TRANSACTION TAX (I.E. 70 PER CENT OF THE COLLECTED CURRENCY TRANSACTION FEES). YOUR SHARE IS BASED ON YOUR SHARE OF ELIGIBLE HOLDINGS:

Refund (Released ACF + Founder Transaction Tax) = (Your Currency Holding / Eligible Holding) & Times; (Released ACF Funds + Founder Transaction Tax)

REFUNDS FROM THE LIQUIDITY POOL ($VIRTUAL)

THIS PART IS CALCULATED FROM THE REMAINING $VIRTUAL IN THE LIQUIDITY POOL (LP). YOUR SHARE IS BASED ON TOTAL ELIGIBLE HOLDINGS, INCLUDING INITIAL TEAM PURCHASES:

Refund (LP $VIRTUAL) = (your currency holdings / eligible holdings (including initial team purchases) & Times; LP remaining $VIRTUAL

Eligible holdings

Only the following balances are included in the calculation of refunds:

• Currency purchased through public distribution
• Ecosystem drops as far as snapshots are held

Not included in refunds

The following do not include:

• Team keeps tokens
• UNRELEASED ACF ALLOCATIONS
• A token from the buyback

A token obtained from a team's initial purchase is only eligible for a refund from the liquidity poolNot obtainedACF OR TRANSACTION FEE REFUND。

Key notes

Refunds are prorated according to relative ownership at the time of the snapshot。

Full refunds are not guaranteed, as the fund balance may change over 60 days。

Please review the details and risks of the project before participating。

Refunds are subject to available funds and are not guaranteed in full。

Risk reduction in market construction

FOR CREDIBLE AI FOUNDERS, THE ISSUANCE OF TOKENS HAS TRADITIONALLY REQUIRED DISPROPORTIONATE REPUTATIONAL EXPOSURE. TRADITIONAL MODELS IMPOSE EARLY, IRREVERSIBLE COMMITMENTS BEFORE PRODUCT MARKET CERTIFICATION IS COMPLETED. ONCE LAUNCHED, IT IS EXPECTED THAT IT WILL BE SOLIDIFIED AND THAT CAPITAL WILL BE UNLOCKED IMMEDIATELY, WITH REPUTATIONAL CONSEQUENCES THAT WILL PERSIST REGARDLESS OF THE OUTCOME。

This dynamic hinders serious builders。

Days aim to substantially reduce this risk。

It creates a structured test window, which is expected, reversible is built-in and promises to remain voluntary. The founders can test distribution, validate demand and repeat it quickly without having to anchor their reputation permanently on unfinished products. Capital accumulation is transparent, but access to it remains contingent on a clear commitment。

THIS IS IMPORTANT FOR HIGH-LEVEL AI TEAMS, WHETHER THEY BUILD PROXY INFRASTRUCTURE, ROBOTIC SYSTEMS OR COORDINATION LAYERS. IT ALLOWS THEM TO USE ENCRYPTED ORIGINAL DISTRIBUTION AND REALIZATION WITHOUT TAKING IRREVERSIBLE DOWNSIDE RISKS AT THE EARLIEST STAGES OF RESEARCH AND PRODUCT DEVELOPMENT。

In turn, the proponents support observable progress rather than static commitments. If faith is strengthened, the project will transition to sustainable development. If faith is weakened and funds returned, reputational damage is minimized。

Days redefined tokenization as a reversible experimental framework for one-way distribution of events。

IN DOING SO, IT ALIGNS CAPITAL FORMATION WITH THE WAY SERIOUS AI INNOVATIONS ACTUALLY OCCUR: ITERATIVE, OPEN, ACCOUNTABLE AND CONDITIONAL。

a GDP。