# 60 Days
The 60 Days module is an optional launch configuration for founders who want to validate market demand before making a permanent commitment. The module is free. Early-stage founders are often forced to commit significant personal and reputational capital before validating demand. Traditional accelerators, venture funding, and token launches typically require early commitment with limited feedback loops. 60 Days introduces a trial-based approach. Founders build publicly for 60 days while real users discover the product and capital accumulates through Automated Capital Formation (ACF), token trading fees, and an optional Growth Allocation. At the end of the window, the founder decides whether to commit. If they commit, the token continues and funds raised unlock over time. If they don't, the token winds down and all raised funds return to token holders. The founder's reputation remains intact. *** ### Core Principles 1. **Founder Sovereignty:** Founders retain full control over whether to commit or walk away at the end of the 60-day window. Nothing unlocks automatically. 2. **Market Testing:** Demand forms through real user behavior and voluntary support. 3. **Reversibility by Design:** Every launch begins in a fully reversible state. Shutting down is an expected and legitimate outcome, not a failure condition. 4. **Credibility Preservation:** If a project winds down, all raised funds return to supporters and the founder's reputation remains intact. No permanent onchain stain. 5. **Aligned Risk and Reward:** Supporters back real progress, not promises. Founders only access capital after choosing to commit. Upside and downside are shared transparently. *** ### 60 Days Launch Mechanism Each participating founder enters a 60-day public build and test period. During this period, founders are expected to: * Build and ship product updates regularly * Engage users and collect feedback * Iterate, pivot 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:** Transitions into long-term development * **Not Commit:** The project winds down, all funds accumulated will be refunded. *** ### **Trading Tax** All token trades incur a 1% trading fee. * 30% is allocated to Virtuals Treasury * 70% is allocated to the founder (Founder's Trading Tax) The founder's share is locked during the trial period and released only after commitment. **If the founder does NOT COMMIT, this allocation is redirected to the refund pool.** This mechanism rewards founders who complete the program and discourages uncommitted launches. *** ### **Automated Capital Formation (ACF)** ACF is an automated funding mechanism that continuously allocates capital to founders based on market participation and trading activity. * Released ACF funds contribute to operational runway, infrastructure, and early scaling. * Unreleased ACF allocations remain locked and are excluded from refund calculations until formally released. ACF enables founders to raise capital progressively without relying on traditional fundraising rounds. More details about ACF can be found on the Capital Formation page. *** ### **Growth Allocation** Founders may optionally open a Growth Allocation (GA) pool funded from the sale of tokens from their team allocation (up to 5%). Participants deposit USDC in exchange for token allocations at a fixed publicised FDV decided by the founder(s). **GA funds are held in escrow until a commitment outcome and refunded in FULL if the founder does NOT COMMIT.** **Growth Allocation Vesting Model** Funds from the Growth Allocation (GA) pool are subject to a mandatory vesting period of six months, if founder(s) commit. After commitment, Growth Allocation (GA) tokens are released linearly over the 6-month vesting period. **If a founder does NOT COMMIT, all GA funds are refunded and vesting is cancelled.** This structure protects both founders and early supporters from short-term speculation. *** ### **Stipend** To support founders during the 60 days, founders are provided a stipend. After every 30 days (Day 30 and Day 60), founder(s) will obtain a stipend of either 10% of the presently collected funds (from trading tax revenue and released ACF) capped at a maximum of $5,000 USDC. **Example:** Day 30 Calculation: * Total collected funds from Founder's trading tax revenue and any released ACF: $35,000 USDC * 10% calculation: $35,000 x 0.10 = $3,500 USDC * Cap check: $3,500 < $5,000 maximum * Founder stipend paid: $3,500 USDC Day 60 Calculation: * Total collected funds from Founder's trading tax revenue and any released ACF: $58,000 USDC * 10% calculation: $58,000 x 0.10 = $5,800 USDC * Cap check: $5,800 > $5,000 maximum * Founder stipend paid: $5,000 USDC (capped) *** ### End of 60 Days: Outcomes #### **Founder COMMITS at the end of Day 60** Founders may choose to commit at any time during the 60-day trial period. Early commitment is permitted once sufficient traction and validation have been achieved. If a founder commits: * Founder trading fee allocations are released immediately to Founder Wallet * Released ACF funds are unlocked * Growth Allocation (if any) vesting schedules begin * Participants of the Growth Allocation obtain tokens * Long-term infrastructure and distribution support is activated * The project transitions into sustained development Commitment signals that the founder is prepared to pursue longer-term execution and accountability. **Growth Allocation Distribution Mechanism** Allocations are distributed proportionally based on each participant's contribution to the Growth Allocation Pool. If the pool is oversubscribed, allocations will be pro-rated and any unused USDC will be automatically refunded. **Pro-Rated Allocation Calculation:** Personal Token Allocation = (Personal USDC Committed / Total USDC Committed) x Available Pool Size Personal USDC Used = Personal Token Allocation x Fixed Token Price GA Refund = Personal USDC Committed - Personal USDC Used **Example:** Available Growth Allocation Pool: 50,000 tokens GA Token Price: $0.20 USDC per token Maximum Possible Raise: 50,000 x $0.20 = $10,000 USDC Total USDC Committed by All Participants: $15,000 USDC Alice: $5,000 USDC committed | 25,000 tokens requested at $0.20 Bob: $4,000 USDC committed | 20,000 tokens requested at $0.20 Carol: $3,500 USDC committed | 17,500 tokens requested at $0.20 Dave: $2,500 USDC committed | 12,500 tokens requested at $0.20 Total: $15,000 USDC | 75,000 tokens requested Since participants requested 75,000 tokens but only 50,000 are available, the pool is oversubscribed by 150%. Alice: 33.33% | 16,667 tokens | $3,333 used | $1,667 refund Bob: 26.67% | 13,333 tokens | $2,667 used | $1,333 refund Carol: 23.33% | 11,667 tokens | $2,333 used | $1,167 refund Dave: 16.67% | 8,333 tokens | $1,667 used | $833 refund *** #### **Founder does NOT COMMIT by the end of Day 60** * The trial period ends * The liquidity pool is drained * Token issuance is wound down * Refund mechanisms are triggered * Accumulated funds are distributed to eligible holders In this case, the project is formally closed within the 60 Days framework, and no further capital is released. **Refund Mechanism** If a founder does not commit, remaining funds are distributed to eligible token holders from the accumulated fund pool. The accumulated funds come from three sources: Accumulated Funds = Released ACF Funds + Founder Trading Tax + Remaining $VIRTUAL in LP Founder Trading Tax = 70% of the 1% Trading Fees Collected **1. Refund from Released ACF Funds and Founder Trading Tax** Refund = (Your Token Holding / Eligible Holdings) x (Released ACF Funds + Founder Trading Tax) **2. Refund from Liquidity Pool ($VIRTUAL)** Refund = (Your Token Holding / Eligible Holdings including Pre-buy) x Remaining $VIRTUAL in LP **Eligible Holdings** Only the following balances are included in refund calculations: * Tokens purchased through public launches * Ecosystem airdrops that are held until snapshot **Excluded from Refunds** * Team reserved tokens * Unreleased ACF allocations * Tokens from Anti-Sniper tax buyback Tokens obtained from Pre-buy are only eligible for refunds from the liquidity pool portion and DO NOT obtain refunds from ACF or trading fee refunds. **Important Notes** Refunds are distributed proportionally based on relative ownership at the snapshot time. Because fund balances may change during the 60-day period, full refunds are not guaranteed. Please review project details and risks before participating. **Refunds are dependent on available funds and are not guaranteed to be full.**