18 hour ago
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BULLISH 📈 : Virtuals Protocol Launches 60-Day Trial, VIRTUAL Price Rises 3%
Virtuals Protocol has launched a new framework called "60 Days" for early-stage founders to test products, tokens, and market demand without immediate commitment.
- Founders have 60 days to build publicly, during which capital is formed through trading activity and growth pools.
- At the end of the period, founders decide whether to commit. If they do, funds unlock over time and the project continues.
- If they don't commit, the token winds down and all eligible funds are returned to holders.
How the 60 Days Mechanism Works
- Projects launch tokens on the Base network using a standard bonding curve.
- Tokens trade during the trial, with a migration to Uniswap V2 pool once volume reaches 42,000 VIRTUAL.
- A 1% trade fee is charged; 30% goes to the protocol and 70% to founders, locked during the trial.
- Funds unlock if the founder commits; otherwise, they redirect to a refund pool.
Capital Formation and Founder Support
- Automated Capital Formation (ACF) allocates funds based on trading activity.
- Founders can open a Growth Allocation pool, selling up to 5% of team tokens at a fixed valuation.
- Funds in escrow are refunded if no commitment is made; otherwise, they vest over six months.
- Founders receive monthly stipends capped at $5,000 USDC from trading fees and ACF.
VIRTUAL Token Performance
- VIRTUAL token increased by nearly 3% recently, trading at $0.6374 but dropped over 20% in the last 30 days.
- The main demand zone is near $0.60. Breaking the descending trendline could lead to a test of the $0.95 to $1.50 range.
- A break below support might expose the $0.38 area.
